resources that would speak perhaps to any tax benefits, subsidies in place for both domestic distribution of wine, as well as exports? >> why don't we take it off line. i think what is the case, there is a lot of complexity to the incentives that were put into the jobs act for small businesses to take advantage of on expensing equipment, investments and their businesses, as far as the tax treatment of those activities. obviously, as a small-business person, each of you needs to understand, it is complex, but there are a lot of tax incentives and investment in business that you should take aware -- advantage of. >> we have two questions in the back. just to be mindful for

everyone's time, we will go for about five more minutes. >> my name is david. i am an internet or entrepreneurs. in general, to the lenders, what type of vanity do you traditionally see approach you for loans, an llc, corp., and who is liable, for whose borrowing the money? >> as a micro lender, we expect the principles, the corporate form, to provide guarantees. >> personal guarantees. >> the same. 20% ownership in the company. [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.

so are you going out tonight? i can't. my parents say i have to be home right after work. ugh. that's so gay. totally gay. ugh. that is so emma and julia. why are you saying, "that's so emma and julia"? well, you know, when something is dumb or stupid, you say, "that's so emma and julia." who says that? everyone. announcer: imagine if who you are were used as an insult. >> hello and welcome to the 2011 heros and hearts luncheon. i did you greetings -- i bid you greetings.

♪ here we are in union square and excitement fills the air fills a love that is here today at 0 how i love this affair -- oh, how i love this affair this foundation started back in 1994 they do their part in help and hope ne to give a brand new start come on, everybody just do your part today is a day here at heroes and hearts where you must buy table top bart just in case you were unaware is the sixth year of this luncheon

hard to believe, you know we still have the most amazing ceo executive director of this foundation stephanie [inaudible] board of directors president to the guggenheim says each hero is a leader, and she thanks them for all their time raising funds for sfga and the trauma center is all thanks to you this yearly luncheon, such an elegant bunch and was chaired by patrick smith and connie judy guggenheim started this

ball just six years ago and to our sponsors laying our foundation, you both get and a -- an a we all could learn a lesson from you chevron and webcor united health group and visa we need you for sure let's hear it for the sponsors yeah ♪

[applause] ♪ so, ladies and gentlemen, it is time to propose a toast to our honored hero today dr. shannon kind -- tine julie rosetti judge mary morgan we thank you all for what you do for you make our world a better place and i thank you every day, for there is no place like our home, our city by the bay

san francisco open your golden gates a stranger with outside your door san francisco other places only make me love you best tell me you are the heart of all the golden west san francisco, welcome me home again i'm coming home to go roaming no more san francisco open your golden gates beautiful strangers wait outside your door san francisco, here is you're wondering when, say i will wonder no more

going other places makes me love you best tell me you are the heart of all the golden west the golden west san francisco welcome home again i'm coming home to go roaming no more ♪ [applause] >> thank you, misa and beach blanket babylon. please welcome the mayor of our great community and city, the honorable edwin m. lee.

[applause] mayor lee: good afternoon, everybody. i wanted to spend a few moments in joining mayor willie brown and mayor frank jordan with our chief of police, our city attorney, dennis herrera, so many friends here, and members of our board of supervisors, to just register my appreciation for the san francisco general hospital foundation and the great work you are doing in joining our hospitals mission. for all of you who are here today to make that effort real with your donations and support, thank you very much from the bottom of my heart, that you believe that the san francisco

general hospital is truly in need the heart of the city and county of san francisco. thank you very much for being here today. [applause] i mean that in so many ways. the hospital is available to everybody. every community of this great city. it has a trauma center. how many other centers -- cities have its own trauma center? a trauma center that is world famous, that gets the job done and saves lives. it is the only hospital in san francisco with 24-hour psychia [applause] something that i will possibly in roll in after this year. [laughter] over 100,000 patients get

through the doors of the general every single year. so whether you are in a car accident or whether something happens that you did not control, you can believe we have the best performing trauma center for the whole bay area. it is a hospital that reflects our very san francisco values of caring for our fellow citizens and leaving no one behind. the people you are about to hear about today will be people that displays the courage, the perseverance, the passion for helping others in our community. they are the city's role models, and helped make san francisco general hospital stand head and shoulders above all other public hospitals nationwide. in addition to the heroes we celebrate today, let's also celebrate the gigantic steps we

have taken together to make sure the hospital is rebuilt and meets california seismic safety standard requirements for an acute care hospital. [applause] while there was only two and a half years ago, it still rings in my mind, as your former city administrator. you have watched virtually a miracle happened at our ballot boxes. when it was presented with the biggest on ever in the history of the city -- bond ever in this city to rebuild our hospital, but again, thanks to people like jean o'connell end to the guggenheim, and all the hard working people involved in this effort, san francisco general hospital rebuild received 84% of the vote in 2008, the highest of any bond in the history of the

city. [applause] and of course, you got to measure that in light of some other facts, and the only other fact i can compare that to is i got 100% of my vote. they got 84%. that is a pretty good stuff there. we are starting to see the work of the foundation of the hospital being built with the whole that has already been dug in. it will be a base isolated seismic safety approach. guess what. when willie brown was mayor, he made sure that our city hall has the best seismic safety standards, so the city hall is under a base isolation system. so will our hospital. that represents the level of attention we are giving to make sure this hospital stays and becomes the center for all of our health care.

it will also enjoy, as our goal, a gold standard for its environmental design and architecture for that building, so that we can show the rest of the world not only can you have the best performing acute care hospital that you can find with great voter support, you can do it in a most environmentally conscious way. that is what we get to show. [applause] the rebuild, obviously helps our local economy. there will be over 3000 jobs created as a result of the lalre our local hire san franciscans. that goes a long way to one of -- hiring more of our great people in everything we do.

over 10% of the contractors are local businesses already working on the contract, with more to come. this hospital is the busiest emergency room in the city. and because of this rebuild, it will triple in the size of a number of emergency rooms that it has, and it will be equipped to double the capacity of to 120 beds. with the size of the hospital being rebuilt, with the seismic standards it will have, with the way we approach that as a city family with our great private leaders in the sector joining the city, i cannot but repeat to you -- this hospital and the foundation that it has had to help it is the heart of the city and county of san francisco. that is why i enjoy this. if there is anything i know this year even these first few weeks

on the job, my love for the city has grown even deeper. thank you very much for being part of this. [applause] >> ladies and gentlemen, please welcome jim davis, president of chevron energy solutions. [applause] >> @ chevron energy solutions, we are a recognized leader in clean, innovative energy development, and we are also a proud sponsor for the perry and outreach program, which encourages high school girls to pursue careers in orthopedic surgery and engineering. it is an outstanding program that develops young women into leaders who enhance lives in the communities where they live.

motivating others to improve the greater good is what defines the foundations, the spirit of the general award. with this award, the and the foundation inspired others to support the innovative programs at the hospital. here to present the award this year, please join me along with everyone at chevron energy solutions and welcoming the honorable willie brown. [applause] >> mr. davis, thank you very much for that kind introduction. mayor li, mirrored jordan,

others assembled here in, those associated with the foundation and with this application and this event, you know good and well the spirit of the general award is given to that individual who exhibits extraordinary commitment to making san francisco general hospital what it is. this year, the recipient is one of whom all of you know very well. you know her because, i suspect you will hear, because she ask you to come. there is nobody that she has encountered in the last several years that she has not said, you have to do something for the general. when i see her coming now, i go the other way.

i have given all i can give to the general. [laughter] that is the nature of who our recipient is. she came on the board of the foundation, some 11 years ago. by 2003, she had been elevated to the president of the board. and in that capacity, she guided the general from being a place that most of us looked at as a place for the disadvantaged and poor people only, into an extraordinary care facility, as described by the mayor, available to everybody, as a place where innovation in medical treatment occurs, as a place where research, on a regular basis, is done, and while the 82% that prop a received, i guarantee much of

that 82% came from the extraordinary work of this woman, and the voters responded to what she did. so ladies and gentlemen, please recognize the 2011 winner of the spirit of the untenable award. nd no other than my friend, -- it can be no other than my friend, judy guggenheim. [applause]