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.

♪ we are back on the field

celebrating seven years they are making dreams come true mickey distant dream alive with help from all of view high above a foundation but there is one thing i must impart ♪ everyone is inspirational try to help those in need sfgok has two ladies

çtheyç do their part for heros and hearts. this luncheon is so fine. it is a valentine to this keeping the dreamç alive they do their part for heroes and hearts. right from the start they are heroes and hearts now it is time to honor our

sponsors. chevron energy solutions, wells fargo, you rock. çmckesson foundation, you leave your mark çthe san francisco giants right here in your very own park ççthis afternoon and they havl gathered here say it loud and clear çit is their community that thy all hold so dear

ñrto marlene tran, hooray kelly jr. leads the way and richard kauffman, too and martin ryan, we thank all of you every single day for all you do in this city by the daçbay ççsan francisco çhome of the golden gate san francisco here is you're wondering one çall these places only make me

love you tell me you are the heart of all of the golden west the golden west san francisco welcome me homeç again i am coming♪

>> thank you, jamie. please welcome back to the stage to the guggenheim. -- judyç guggenheim. >> what a fabulous introduction to the next speaker who is coming up. i want to tell you all of the wonderful city people that support this hospital. we are very lucky to have them support the hospital and to have had them supported all these years. the honorable willie brown, mayor. çthe honorable frankç jor" mayor. gina mosconi. [applause]

district attorney george gascon. city attorney dennis r. vera -- herrerra. [applause] fireç chief and joanne hayes white. police chief gregg sur. [applause] supervisor scott wiener and malia cohen are here today. [applause] and our very own paul pelosi. i want to invite everybody here to come on a tour of the hospital and the new hospital. i am sure mayor ed lee would total about the new hospital. it is a remarkable project, really remarkable, veryç

exciting. i do not even want to say this, ahead of time and ahead of budget. webcpor and all of their people deserve a huge vote of thanks. it is going to be a beautiful hospital. designed specifically to meet community needs. it is seismically safe, technologically advanced, and green. it is being done right, from the start, and we are proud to have here mayor ed lee to tell us about it. he has been involved with it for years and years. [applause] ç>> thank you, judy. çhello out there.

welcome to the heroes and hearts awards ceremony luncheon. i am so happy to be with all of you here at the at&t park the giants. of course, you are all here. you know about our wonderful hospital. i just want to add how appreciative i am to the organizers that came together today with all of us to increase our capacity. not just by the number of people here. by the way,ç you are twice as g as last year. did you know that? that is wonderful. that just goes to say the hearts in san francisco had the capacity to grow every year. i want to thank you for that, and thank you for the contribution that make our general hospital so special. i begin by saying they did to

the organizers for the event today, and most importantly, thank you to the doctors, nurse practitioners, administrators, janitors, a security guard people, everybody at that hospital. sue kern you are doing a fantastic job. thank you for giving us the world class hospital we need in our city. i know that you saw some of the earlier videos as more examples of how our hospital had reflected the bellies of our city. okyou saw ryan white and how he recovered from that hit and run accident. and then you saw at the very end, this past halloween, where he proudly wore the san francisco giants uniform for halloween. congratulations to ryan for recovering. thank you again to hospital

staff. you know, i have been there. some of the most wonderful and hardest days i have had as mayor of the city. i want to let you know, for the firefighters out there, certainly the two i had the chance to be with in their last days, i want to thank you again for the wonderful hospital team we have and how we celebrated their lives by giving them the best we had. their families know that. on behalf of the city, again, another great example. we have really positive days to look forward to. in 2015,ç women get the most ld gold acute hospital opened up in oakland. we are on our way to that. we're working with contractors and vendors that are spending some $54 million to build the

hospital, local dollar is going to local businesses to participate in the $877 million project. on time, in budget. yes, very important to do. we are going to be increasing the capacity of hospital beds. we will almost triple the size of the trauma emergency center. why? because we love the people here, the residents. we have theç capacity to grow. we have great corporate partners, and all of them that are here today, and there are many more that are not, but they are part of the building of the hospital. i want to say to you, i look forward, with extreme in patients, to opening up those doors in 2015, the brand-new hospital. to get back to the theme of

hearts and a final invitation that you have after today and after we sing these songs, i invite all of you next tuesday to join our protocol officer charlotte schultze, me, mayor willie brown, frank jordan, and everyone else, to welcome tony bennett, and to sing along in our favorite song, 50 years old, where were you want to leave your heart, you can come to the rotunda at 12:00 noon and sing in whatever tone you wish. you will not be penalized. according to the mayoral decree that i will pass that morning. however you want to sing the song, as long as you come to the rotunda and do so within the confine its of that great place, where tony bennett will celebrate with us 50 wonderful years of you are always leaving

your heart here, increasing its capacity. thank you very much. i invite you to be there next tuesday. thank you. [applause]

>> good morning and welcome to this groundbreaking event for our new home at pac 12 studious. i am the president of pac 12 enterprises. we are thrilled to get this construction project rolling. pac 12 enterprises is a subsidiary of pac 12 conference and is home to aover 1200 employees. we will be launching one

national television network, six regional television networks, and an additional network. as we have announced previously, we have distribution agreements with four of the most powerful cable companies in the cable industry. including comcast, time warner, cox, and brighthouse. if you live in the bay area, we will be part of your basic cable package with comcast. i would like to acknowledge and thank our new neighbor, the leader of comcast sportsnet. for his help in this process. when you live in a neighborhood, some neighbors swap eggs for making cookies. we will be swapping television cameras with ted's group. as part of our programming mix, we will televised 850 live sporting events across our 12

campuses each year. that does not include hundreds more that we will eventually strain on our digital network. our event mix will include 34 football games, over 125 men's basketball games, over 40 women's basketball games, and another 650 olympic sports events which our conference dominates on an annual basis. in fact, the pac 12 has won several competitive championships. what is most gratifying of all, our dynamic student athletes in all sports will be given the increased national exposure they so richly deserved. speaking of athletes, we have quite a list of former pac 12 star athletes and coaches and i will introduce them in a moment. first, we