[inaudible] >> [inaudible] >> i heard something about sba guaranteed loans. maybe i missed something. does that have to do with the sba guaranteeing the entity? >> the question on the sba guaranteeing a entity as the order of the business, whether it is a corporation or partnership, for any small business lending, you should expect to be guaranteeing that long personally. as a small-business owner, from a lender's point of view, we want to see that you are as invested in the business as you are asking the bank to be. the idea that non recourse

loans, the way you describe it, loans that you get without having yourself personally liable is not the way it works. you should assume you will guarantee the loan regardless of the structure of your business. the good news, though, for businesses like you are describing, internet business, is that the capital requirements for that type of business is generally small. you are able to get yourself further along and share in revenues with a smaller amount of credit need. that is where we see a lot of businesses and personal service or internet business get started, and generate revenues and be able to show growth without needing any capital, like a brick and mortar business might. >> my name is terry said. i have a retail business in san

francisco for 22 years. i have a 5 04 -- 504 loan. it took me three years to get. we need more capital. i tried to get a line of credit from wells capital. i was decline. where does someone like myself go? i have a loan, i need additional funding. >> did you try through the sba? >> i already have an sba loan. i went to wells fargo for a line of credit and they would not give me one. >> i can speak to you about it. when we look at funds that are needed, the biggest thing we look at our cash flow. i can address that with you. unless there is an issue, at

that point -- [inaudible] >> let's talk, ok. >> i have a couple of more questions. i know that the panelists have agreed to stay after for those who have specific questions. i do have one question for wells fargo. what are the typical rules for applying for sba loan of less than $50,000? how much money do we need to have in your bank to apply for a loan? >> i am on the smaller side of the bank. i am a transaction guy. i do not technically require one to have an account to do a loan with. what i look for, i generally

start at 100,000 and up. when it is a requirement of 50,000 or less, i tend to call of the micro guys to help me out. that is right in their box. for us, the capacity for us to do the smaller side is not there as much as it is for them. on getting a loan through my side of the bank, i do not require an account to do that. we would like to have it, but i do not require it. >> last question for the opportunity fund and a critic representative. are you a cdfi? is san francisco and s.p.a. in support of cdfi's being established in san francisco?

>> yes, we are. we were founded in 1999 with a small business loan. that is how we started our tenderloin office. >> opportunity fund is a certified cdfi, so we are providing a benefit to low and moderate-income communities. he is the city establishing support for new cdfi's? >> mark wanted to address that, in support of cdfi's in the city. >> we have a wealth of partners in the city. s.p.a. is just now rolling out a program for r -- will be the

case by the summer. let me get one last point and on the question about relationships to lenders. the question was, do have to have an account with a bank in order to get a loan? may answer is no, but the real answer to it is certainly want to do that. one of the things we see as an important thing for you, as a small-business person to establish a relationship with a lender on a variety of levels before you look for funding. part of that is opening an account with them, letting a lender know about your business, understand your business, talk to them as you are growing your business. when the economy is strong, all lenders are shopping for transactions. in times are tough on credit, you want to rely on those deeper liberation ships with your lender. you want to develop a

relationship with a lender. it is the case where you want to open up an account, while to have another bank services that you want to have a relationship with your lender with it because when you go to them for any loan requests, you want them to know about your business and feel like they are a partner of yours, not just that you are shopping them. if you are shopping, you are just looking for the best deal from them, rather than a long- term relationship. >> i want to thank everyone for coming. hopefully, you have all signed up for our updates. we are going to be hosting these on a regular basis. the next two coming up will focus on becoming a government contractor, how your small business can partner with the government. the next one will also be on how to grain your business, with tax -- green your business, tax

credits available with that. for non-profit, charitable organizations, we have a workshop coming up. that is helpful for those of you who are looking to access the committee on a durable basis. >> also, on behalf of leader pelosi, i want to thank our panel and her staff. we are tenants in this building. i apologize for the security situation that happened upstairs. if you have concerns about it, please come and see me. i would like to convey those to the landlord here so that it does not happen again. thank you.

>> hello. welcome to "meet your district supervisor." we are here with supervisor

farrell from district2, which includes the marina, pacific heights, st. cliff, and the neighborhoods surrounding the presidio. supervisor farrell started his first term this january, so he is new to the board. we will get to know him and talk about the toughest issues facing the city. welcome, supervisor. thank you for joining us. tell us about your background -- where you grew up, went to school, the kind of jobs you have worked. >> i am a born and raised san franciscan, first and foremost. very proud of that. i am also a born and raised district 2 residents. i grew up close to the palace of fine arts. my parents still live in the same set of flats i grew up in. i went to grammar school at stuart hall in district 2. i went to high school in st. ignatius. i'm a very proud wildcat. i went to college at loyola marymount college in los

angeles. i had a scholarship to play baseball down there. ended up going to ireland and getting a master's degree at university college dublin. came back to the states and went to law school at the university of pennsylvania. spent three years in philadelphia. came back, and ever since coming back to the bay area, professionally, i have been a corporate attorney down at palo alto. i left after about three years and became an investment banker here in san francisco at thomas was all partners. working the industry for about five and a half years. in the summer of 2009, joined a venture capital firm. i am happily married. my wife and i lived around laurel village in district 2. we have two small children. our goal is five and our boy is three. how parents and excited to be here on the board. >> why did you choose to live in san francisco?

and tell us about what motivated your interest in politics. >> choosing to live in san francisco was natural, given that i was born and raised here. when you are a child, you do not understand what you have until you leave home. i have the fortunate opportunity to live in los angeles and abroad in ireland and in philadelphia. there is no place like home in san francisco is your home. very natural and something was looking forward to in trying to find a job to come home to after law school. my job afforded me that opportunity, to come back to the bay area. so i'm lucky, and i will be here the rest of my life. in terms of getting into politics, for me, it was two reasons. first, being from here was part of my motivation. really feeling a sense of routes in san francisco, and also raising our children here. as a young family, we went through the discussion and dialogue that many young families go through in san francisco.

"should we move to the suburbs? should we move elsewhere? san francisco is expensive to live. the public-school system has been difficult in the past." i think less about the quality of schools because we have great schools and grieg parental involvement, but more about the assignment process. where would my child go to school? a lot of family leaves, -- a lot of families leave. we stuck around, but it was a turning point decision to say, all right, we are here from -- we're here for good. what can we do to make this place better? getting involved in politics was the fact that the seed was open for election for the first time in a long time. it was previously mayor newsom's seat and supervisor alioto- pier's seat. i did not get into politics because i had a lifelong ambition of being a politician. that is not me. i came from a private sector,

and looking at honestly answering the question -- did i have something different to offer that i thought would be valuable to sanford's is go right now? i do think a large part of our problems in the city are financial, economic. with my background, i did think i would be able to add a lot of value, and that is why i decided to get into politics. >> where do you place yourself on the political spectrum? >> i have to say, i'm one that has been trying to get away from the political spectrum dialogue in san francisco. i would just say, generically, i think i am in the middle. i'm a moderate person. nationally, i think we are a little bit left in san francisco, but i think i am a socially liberal person. that is what i tend to practice what i preach. >> what did you learn

campaigning for supervisor, and was there anything that surprised you? >> that is a great question. i have never run for office before. i am new to the political world. for me, the learning curve was the best he could be. there were a lot of lessons to be learned in running a race in san francisco. a few that stick in my mind -- money does matter. raising money. that is the simple, somewhat unfortunate fact of life. i think really having a message that resonates with voters, not just saying you want to be a politician, but you have to really explain why you, and i think that was really court to what we did. most importantly, the one thing i drew out of it was the hard work and other determination is the thing that will, i think, allow you to succeed more than anything else. i believe that the candidates who won this past november with the ones who worked the hardest in their races.

>> what are the biggest issues facing san francisco? >> i believe the biggest ones are economic problems right now. we face was estimated to be a $400 million deficit this fiscal year. potentially growing next fiscal year. it all comes back to that in many ways. we have a growing pension and retiree health care problem that is huge and looming and getting worse. as important, we have a huge unemployment rate here in san francisco. it is about 9.6% right now, and the fact that we have not done much about that in city hall i think is about to change. that is certainly something i will be focused on, putting people back to work. it is an individual issue, but it is a family issue, and we have a lot of families still struggling, and a think people have lost sight of that. hopefully, we will be getting out of this recession soon, but we need to do a lot in city hall

to accelerate getting out of the recession, making sure families are back at work, making sure children are provided for. that is my biggest priority. >> talk about the issues facing your district specifically and how you are going to balance the issues facing the city at large against those in your district. >> we definitely have a few big projects for issues -- or issues we're paying a lot of attention to and we will continue to devote a lot of attention to, both myself and my staff. one of biggest ones is the planned development of the new campus for california and pacific medical center. that has dominated a lot of city-wide dialogue in the past few years. that project is slated to go forward or get through the entitlement process this year in city hall. if you are not familiar, we currently have a california campus and a pacific campus, and the plan is to build a bigger

campus and consolidate those services into one larger hospital at the old cathedral hill spa on van ness, and that is going to have a huge impact, both in terms of the neighborhood in district 2, not only the new campus, but what happens to the pacific and california campus. also, is a huge job creator. we're making sure to do it in a way to we have every constituent buy into the project, create a ton of new jobs, and move forward with a health care system that benefits all of us. otherwise, some of the other issues coming up -- francisco reservoir in russian hill is going to be an issue that comes up. we have a huge project on doyle drive that is getting finished in the next couple of years. we need to make sure we wanted to the impacts. it is going to be a big deal. after leaving here, i am going

down there with the mayor and the head of our department of transportation to really make sure we understand exactly what is happening at this point in time in the project. that is just a smattering of some of the issues, but they are very important, and a plan to spend a lot of my time -- and these are the neighborhoods i grew up in, so, for me, it is fun to be in these neighborhoods to see what is going on and influence some of the thinking of some of the people making these decisions. i think we do lose a lot of sight. in the past, district supervisor's have lost sight of the fact that we do represent sanford cisco as a whole, and we need to major in city hall that we are acting policies, laws, and legislation that will of the city forward as a whole. there are a lot of issues like that. i mentioned job creation, pensions. a lot of them are economic, but some of them are more than that, making sure we continue to have dialogue with the 49ers.

that is something that is not necessarily economic but something that matters to the city as a whole. it is a big part of what i look forward to doing in city hall. >> what are the specific thoughts you have on how the city can deal with budget issues? >> i think of two things. i'm not one the things that we can raise revenue and that is going to solve out of our problems -- i'm not one who thinks that we can raise revenue, and that will solve all our problems. we need to look at what we do as a city and was services we offer. we have 26,000 city employees. our payroll and fringe benefits for city employees accounts for over 60% of our budget. if we are not willing to look at that issue, i do not think we are going to solve -- i know we will not solve our long-term financial issues. that, to me, is the biggest deal. second, it is about job creation. jobs are not just putting people back to work, which i think is

the highest priority, but it is all the ancillary benefits we received, whether it be payroll taxes, an increase in property taxes. people who live and work in san francisco also shop at local restaurants, so shop at the local retail stores. it is a huge economic impact in san francisco. in my opinion, it is getting our costs under control but also promoting economic development so we have a financial engine that will continue to promote us year after year. >> what are your ideas on dealing with the issue of homelessness in san francisco? >> i am one that thinks mayor newsom did a great job thinking proactively about what we need to do in san francisco. when he started care not cash -- but enacted so many things past that. project award down, when he ended up making sure there were family members on the receiving end, giving people bus tickets

to go back home to where they are from -- project homeward bound. unfortunately, the project does not have a silver bullet ending. we deal with our homeless problem, and a lot of it, we need to make sure that the homeless population -- a lot of them have mental health issues where it is just not solvable to lock them up. we need to help them, and i think we have that in our heart and soul to make sure that we treat the people as much as possible. at the same time, our biggest issue is that we have a continued influx of people in san francisco, so the more people we help, the more people come in, so it is a rotating system right now, and i think we need to continue to address the issue, spend a lot of financial resources on the issue, but again, i think it is something we will have to grapple with. but what is the long term solution here? we continue to attract more and more people in san francisco.

again, i do not know what a silver bullet is to that, but i acknowledge it is a huge priority, a huge issue that affects everyone in the city. in our neighborhoods, the homeless people themselves, of course, and also the tourism industry, which we rely on so much, so i think it is a big issue and something we all need to focus on. >> what about the city's housing needs? what you think the board of supervisors should do to really address housing? >> again, a huge issue here in san francisco. we live in a very expensive place. housing is one of the biggest components of that. i'm not one the things we should be interfering with private markets sales and so forth. i think that should be left to its own devices. again, we are in an expensive city. however, what we can do at the board is in sure that we promote and provide for both affordable and middle-class housing in the

city. i think it is so important that we maintain our diversity in san francisco and who we are as a people and we really stay true to those values. the large part, insuring something that we want to focus on and i want to focus on, making sure that there are housing opportunities for our first responders to be here in san francisco and living here, police officers, firefighters, sheriffs, teachers -- people that provide such essential services for our community, to make sure they have opportunities in san francisco to buy homes, set up groups as a family and really be integrated into our neighborhoods. to me, that is what we should be doing and, again, something we should be doing. >> let's talk again about transportation in your district. is there adequate service? let's talk about parking and traffic. tell us a little bit about district 2. >> district 2 definitely relies on muni quite a bit, though

perhaps not as much as other districts, but it is so important for a number of people, for a community perspective to and from work. the mainline, stockton and the marina. the one california is a major bust the comes through the district, and a few other lines, of course, on the borders of our district. it is a huge deal for us, and we need to make sure we continue to provide a great service. we are transit first here, and people embrace that, but we need to make sure we have a reliable, robust public transportation system, so it is a big deal. we do have a lot of people in the district that drive cars, a lot of people that have families. i'm one of those as well. i take it was once in awhile, but frankly, the way we have arranged in our family is i spend my morning with my children, and time allowing, i take them to school in the morning, so i drive them with my car. i do not believe the way to

achieve our goals is to make parking so inconvenient, so expensive, such a bad experience that people, so to speak, capitulate and take public transportation. that is not the way we are going to make it happen. we need to innovate, in my opinion, our public transportation system. we are doing things like the bus rapid transit systems, things like being allowed to pay for your public transportation -- we now have the clipper card. let's talk about putting that on your mobile phone and using that. innovating in ways were people say that public transportation is a great way to go. that is the way to achieve true innovation, not through making it so inconvenient for people to drive. i think it is a fact of life. young families are going to use their vehicles. we need to do a lot in san francisco to encourage young people and young families to

stay in san francisco. i think we are missing out on a lot of our diversity when young families leave our city. we need to do all we can to be mindful of the needs of young families in the city. we mentioned housing. schools are a big deal. but also being able to be flexible with transportation and children. >> what is happening with crime in your district? give me your thoughts on how you think the police are doing with respect to crime in your district? >> i think we are very fortunate in district two. we have a number of great police captains that oversee the stations that touched district two. richmond and northern are the two major police stations that touched the district. we do have a lot of crime in district 2. both crimes against individuals but also against merchants along our merchant corridors.

chestnut. union in particular has been hit. fillmore and sacramento. it is a big deal. we also have the break-ins. we need to be very mindful that people keep their iphones and laptops out of sight. but it is a big deal. one of the things i talk a lot about on the campaign, making sure that we do fund our public safety departments. we have to make some tough decisions this year, but to me, one of the biggest priorities is making sure that we have our police and firefighters and sheriffs' offices and their budgets fully funded so that we can ensure that public safety does not lag during these budget times. again, in district 2, i do not think it is talked about as much. we are fortunate that we do not have a lot of homicides. we do not have a lot of those types of serious crimes. but the crimes that to happen to

matter to the people in district two. so as a local supervisor, it is incumbent upon me, and i take it very seriously to pay attention and make sure we engage with the police and fire department said they are aware of exactly what is happening, but again, i have to tell you that i think we are very lucky with the police infrastructure we have an firefighter infrastructure we have and the officers and firefighters we have on the ground. we are very lucky. >> you mentioned that you are a former athlete. talk to me about the role of sports in the city's economic future, from the 49ers to the america's cup. talk to me about sports in san francisco. >> i was fortunate growing up. i was one that had season tickets to season49ers -- season tickets to the 49ers from what i was 8 years old. one part is economic,