[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.

>> just a few steps away from union square is a quiet corner stone of san francisco's our community to the meridian gallery has a 20-year history of supporting visual arts. experimental music concert, and also readings. >> give us this day our daily bread at least three times a day. and lead us not into temptation to often on weekdays. [laughter]

>> meridians' stands apart from the commercial galleries around union square, and it is because of their core mission, to increase social, philosophical, and spiritual change my isolated individuals and communities. >> it gives a statement, the idea that a significant art of any kind, in any discipline, creates change. >> it is philosophy that attracted david linger to mount a show at meridian. >> you want to feel like your work this summer that it can do some good. i felt like at meridian, it could do some good. we did not even talk about price until the day before the show. of course, meridian needs to support itself and support the community. but that was not the first consideration, so that made me very happy. >> his work is printed porcelain. he transfers images onto and spoils the surface a fragile

shes of clay. each one, only one-tenth of an inch thick. >> it took about two years to get it down. i would say i lose 30% of the pieces that i made. something happens to them. they cracked, the break during the process. it is very complex. they fall apart. but it is worth it to me. there are photographs i took 1 hours 99 the former soviet union. these are blown up to a gigantic images. they lose resolution. i do not mind that, because my images are about the images, but they're also about the idea, which is why there is text all over the entire surface. >> marie in moved into the mansion on powell street just five years ago. its galleries are housed in one of the very rare single family residences around union square. for the 100th anniversary of the mansion, meridian hosted a series of special events, including a world premiere

reading by lawrence ferlinghetti. >> the birth of an american corporate fascism, the next to last free states radio, the next-to-last independent newspaper raising hell, the next-to-last independent bookstore with a mind of its own, the next to last leftie looking for obama nirvana. [laughter] the first day of the wall street occupation set forth upon this continent a new revolutionary nation. [applause] >> in addition to its own programming as -- of artist talks, meridian has been a downtown host for san francisco states well-known port trees center. recent luminaries have included

david meltzer, steve dixon, and jack hirsch man. >> you can black as out of the press, blog and arrest us, tear gas, mace, and shoot us, as we know very well, you will, but this time we're not turning back. we know you are finished. desperate, near the end. hysterical in your flabbergastlyness. amen. >> after the readings, the crowd headed to a reception upstairs by wandering through the other gallery rooms in the historic home. the third floor is not usually reserved for just parties, however. it is the stage for live performances. ♪

under the guidance of musical curators, these three, meridian has maintained a strong commitment to new music, compositions that are innovative, experimental, and sometimes challenging. sound art is an artistic and event that usually receives short shrift from most galleries because san francisco is musicians have responded by showing strong support for the programming. ♪ looking into meridian's future, she says she wants to keep doing the same thing that she has been doing since 1989. to enlighten and disturbed. >> i really believe that all the arts have a serious function

and that it helps us find out who we are in a much wider sense than we were before we experienced that work of art. ♪ ♪ [horns honking] [siren wails]

announcer: big dreams and goodrades aren't enough to get into college. there are actual steps you need to take. finding someone who can help is the first and most important. for the next steps, go to knowhow2go.org.

>> the question when i started 11 years ago when i started doing resolution work is can anything be presented on a really low resolution device where it is potentially a digital image? can anything be presented that way? or will it feel cold and electronic?

>> the imagery will change. there will be four different sets. it is a two dimensional image. it is stretched out into three dimensions. the device is part of the experience. you cannot experience the image without the device as being part of what you are seeing. whereas with the tv you end up ignoring it. i make gallery work more self and budget and public art work where i have to drop this of indulgence and think about how people will respond. and one of the things i was interested in the work and also a little fearful of, it is not

until you get to the first and second floor were the work is recognizable as an image. it is an exploration and perception is what it is. what are you seeing when you look at this image? one of the things that happens with really low resolution images like this one is you never get the details, so it is always kind of pulling you in kind of thing. you can keep watching it. i think this work is kind of experience in a more analytical way. in other words, we look at an image and there is an alice going on.

-- and there is an analysis going on. >> i am the executive director of the san francisco redevelopment agency. thank you for coming. we are here to celebrate and

acknowledging the spirit of this block of kucom. -- nucom. we have a close collaboration with the mta, dpw, and leadership from our elected officials. thank you. the investments that we can see here today in the public realm, incredible streetscape improvements, and then in the private rel., through the local -- low-cost loan program for homeowners on this block to update and maintain their homes, demonstrates the mayor's commitment to revitalizing our city's neighborhoods, starting here in the bayview hunters point community. in doing so, creating local jobs for san francisco residents.

thank you, mr. mayor. with that, i turn it over to you. [applause] >> thank you for the introduction, tiffany. thank you for coming down to our brand new nucom avenue. for supervisor cohen who was with me, our public utilities agency, redevelopment agency, public works, environmental protection agency, as well as others, if santa claus has a choice on which st. he will visit first, i think he will come to nucom avenue first. it is a well-designed street, one that we started -- 16 of these all over the city. this became one of the most

important ones, where we are getting the blessing of our planning department working in close collaboration with our model blocks program to design these streets to make sure that we do the most environmentally friendly but also resident- family types of things. you will notice some of the good treatment here, and some is hard to see, and of course, it is going to rain. instead of going into our storm sewers, this will help to feed into the plants here. whether they are on islands or the new, permeable landscaping. this will slow traffic down, increased the beauty of the street, make it much more engaging for our residents, and

also helps with the trees that have been replanted here to increase the beauty of the street, but making it that much more enlivened with greene streets. at the same time, it took a few more months than anticipated. it was expected to take four months. when dpw dug into the main sewer line, they discovered some major work that needed to be done. they wanted to make sure that the sewer line would work perfectly, as well as each of their feeds into homes. while infrastructure is sometimes hard to imagine or see, you will be -- you are standing on the street that will probably be the best for decades to come. you will have an unstoppable sewer. no longer those backups.

the fire chief will have a pleasant time going down the street to make sure that the services are there. as i said earlier, this is a beautiful project coming in, not only the designed for infrastructure, but the work force that was put together. i want to thank the contractors that worked so well with our citybuild program. 18 of that group are president spirit within that work force, they completed 43% of the work hours on this street. that is a very good standard, the highest standard we have had. we made that commitment at the beginning that our local folks would be hired, san francisco residents will be hired, and they did very well. of course we can do better, but

with the 16 beautiful streets -- we have eight of them already completed. that includes van ness and we have five under construction. three or four others under planning, like market street. from the puc to redevelopment, planning,vs department, police department working gear along with the contractors, they all have to be thanked. the most important people i want to acknowledge today are the residents who live here on the street. thank you for your cooperation. q were working with us on day one to embrace the idea that we could use infrastructure to enliven our streets. i see a lot of smiling faces. you want to see santa come here,

too. you are not displaced. this is your home. you what this street to reflect the duty of all of san francisco. thank you for working closely with everybody, thank you for your patience, thank you for welcoming us in to share in this new street. [applause] >> thank you, mr. mayor. supervisor malia cohen is a staunch advocate for her residence, as well as the residents of district 10. we thank her for her leadership on this project and we are pleased to partner along with her and the residents. >> thank you, good morning, everyone. seven months ago, many of us were standing here doing a groundbreakier