>> 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.

>> is one that probably a lot of you don't understand the intricacies of it. a good portion of that goes to police services, social services that you value the most. and what i try to do in spreading the word with our commissioners, the department heads, and with you here today, i gave three general principles to guide us. i want the city to be safe. not only safe in the public safety sense, but in the core level of social services safety net. how one of the city to be solvent that we have programs that we can afford to pay for. i want the city to be successful. that we celebrate and try to support all of the diverse things that we do to bring visitors here to keep our children here and keep families wanting to come and go up here.

safe, solvent, and successful have been the principles i have shared with city staff and commissioners as we began this budget process. tonight is all about listening to you first and foremost. and getting that in but that we always said we have a value. so i will be listening very carefully to what you have to say church tried to make that balance. the $380 million balance is not that easy to do. there will be decisions that we all have to make. and we have to come together to make those decisions of it we have a balanced budget. i will have my ears open and listening to what everybody has to say. we'll have a budget that i believe is an honest one. [applause]

>> and this is one of our amazing public schools in the city of san francisco. i want to thank them for hosting us here tonight. i want to introduce the emcees for tonight. we have the united players. and we have anaconda, and at the camp here in our district. i turn it over to you. >> thank you for being here tonight. this is the first step in the budget process. we are beginning early. we are being engaged. there will be a short time for public comment. it will be a short time. if you are not able to speak or bring your issues to the table, there will be more of these town halls. there will be the budget process. the more we are involved, the

more we can work with the mayor and the supervisors to make sure that the budget reflects the priority of said francisco. one correction is that the translation today was provided by the office for immigrant affairs. [applause] >> how are you? thanks for coming out tonight. we want to thank greg wider. i did not read that correctly. the budget director. i could not read my own handwriting. chief good when from the police department, please be respectful. these people have given their time to come and be part of the process.

from the department of public works and barbara garcia from the department of public housing. i am new at this just like everyone else. sorry for making those mistakes. even though all of you can't speak tonight because of the limited time, it is important that we remember the example that i can think of in recent memory with the community came together to change how the cpmc was going. and i think this is the first step in the community engagement, you have the voices to make those changes. [applause] >> in the last couple of weeks, supervisor kim's office has

been holding meetings. a lot of the meetings are city- wide. if you live in a different neighborhood, it might resonate with you. there will be the committee open mike. if you would like to speak, there will be people walking around the audience. waved them down and let them out of you would like to fill one of those out. the open mic time will be short. there are differing viewpoints a different priorities to how people feel the budget should be allocated. we are here to work together. when someone is speaking, do not interrupt them. be courteous. we are sorry, but you need to cut your comments short.

be direct and to the point. if you don't want to come up and speak, you can write your thoughts down. those will all be tallied had a documented and given to supervisor kim and mayor lee. we will call up angelica to give us a short budget overview. [applause] >> first off, we should give everyone in this survey and for being here today. this is the people's town hall budget. this is your time to speak. every year, the city budget is one of the most important decision making groups that the city of san francisco makes.

decisions that are made about the city's money impact -- the budget is created in three phases. there were few handouts. from march to may, the mayor makes those proposed budgets and creates the entire proposed city budgets making changes along the way. from june through july, we come out to the board of supervisors. they get the mayor's budget into it to make changes. how many of you have been the the city budget? i hope you will all come out

during gym because we will meet you there. we are very excited that mayor lee has partnered with supervisors. we all know this is the first time we saw the marriage to a budget town hall. this is the first time we have seen the mayor, right? [applause] again, there will be many opportunities to be heard at the board of supervisors, so don't feel like this is the only place. there will be a budget and finance committee hearing in june. again, this is the first opportunity for you. we really want to make sure that we hear from you. the mayor wants to balance the budget. we want to make sure it is not balanced on the backs of immigrants, people of color,

homeless. we want to see a balanced budget, not on the backs of district 6? can i hear power to the people? [applause] >> they gave me another name. we would like to welcome maria sue. hello. we will hear from larry from seniors and disabled. >> thank you all for coming. why are you asking me to come up here in a speech to the seniors? you were broke a few years ago after working all of your life.

i will tell you, without the family service, without the housing clinic, i would have been in the streets. after working all of my life. i want to say thank you to all of you that have the nerve to come up and ask the mayor and the staff to please consider keeping those units open. there are people that don't have food on the weekend. they will cut out the food program to the weekends. they have nothing to eat. they need someplace to go to claim himself a. -- clean themselves up. they connect you to the community.

to get clean water to drink, to have associations with somebody that might be able to tell you something that is helpful. he never was without a job. after three operations, you are stuck. you are still stuck. i would like to say thank you for the opportunity to come before you. i could not believe it, i was broken after working all my life.

the family service, those people are doing a great job. thank you. [applause] >> next, i like to call maria to speak to us about family and youth issues. [applause] >> good afternoon everyone, my name is maria gomez. i am the mother of a family of three children. all of my children have an iep.

[speaking spanish] and i have a child with severe artisan -- autism. he needs to speak with sign language. [speaking spanish] and i go to a lot of different programs, principally to the center of resources. and also [unintelligible] [speaking spanish] >> i go to a lot of different

programs, i think you understood the ones she said. i don't speak english. and i also receive mental services. >> i have had a lot of difficult experiences. it has been very hard for me to find help. ok. even asking for help in the agencies that speak spanish, it is hard for her to ask for help. >> [speaking spanish] >> and i have come up against a lot of discrimination. >> [ speaking spanish]

>> ok. and i feel that they don't support the people very well. >> [speaking spanish] >> and because it has been so hard for me, i want to thank all of the agencies that help our children. because they are the future of our country. [applause] and that was, "thank you very much for your attention. please have a good day." [applause]

you have to go where they can see you, ok? a little bit more. >> thank you for being here. my sister has been there. [unintelligible] i think if you take the money away from them, and there will be no more programs.

does all i have to say. [unintelligible] >> thank you, maria and oscar. >> [unintelligible] [inaudible] [speaking spanish] >> ok. all right. [applause] and you know, i encourage you to

share that. we will hear from sro tenants with david. [applause] >> my name is david lewis, i am here representing the city. i am here representing -- these decisions need to be smart. treatment can cost so much more. consider these trade-offs. community health services verses domestic violence.