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.

>> good evening i am the director of the culture association and devoted to the program and here we have master of arts. (applause). (speaking spanish)

(speaking spanish). >> what he is saying that thanks to the bant. bante he got funding for of the peru vaifian culture and got approved. >> (speaking spanish). >> okay.

>> good. (speaking spanish). >> so we have a variety of instruments -- that we're going to be showing you. >> (speaking spanish). >> the name of the instrument is called tale boheha. >> (speaking spanish). >> it was a time in peru when the africans were prohibited from playing or making instruments. >> (speaking spanish).

>> so they were forced to make their own instruments. >> (speaking spanish). >> so they use the surroundings and big jars and they used to have water or other type was drinks. >> (speaking spanish). >> covered with leather skin. >> (speaking spanish). >> and they make the drums. >>. >> (speaking spanish).

(drums). (applause). >> (speaking spanish). >> this instrument is called dungo. >> spr (speaking spanish). >> we have two but only one was used. >> (speaking spanish).

>> this is one that was used north of the capital. >> (speaking spanish). >> in the cities of the country >> (speaking spanish). >> when he was a child he was able to see those instruments and on extension today.

(drums). (applause)

. >> this is a donkey's jaw. it could be a horse or a donkey. >> donkey's jaw. >> and it's played by spiking it and to make the rattle sound and also creates this.

(applause). >> (speaking spanish) sorry. (speaking spanish).

>> this is the kahita and it is created as the -- i don't know that word. how do you say that? the piggy bank. you know where the boxes and the churches collect money? yeah. this is the original he here. yeah. >> (speaking spanish) (laughing)

(speaking spanish). >> this instrument is called c carete and with the right hand and the left hand and open and shuts in a rhythmic time. >> (speaking spanish).

>> so this instrument is called sen sero but it's actually a cow bell. >> (moo). >> it was made out of material. >> (speaking spanish). >> but for the african and any instrument that create a rhythm or a sound will become an instrument. (speaking spanish)

(applause). >> (speaking spanish). >> these are the spanish influences. >> (speaking spanish).

>> they adapted to the style of this type of music (applause). >> (speaking spanish).

>> these are just simple spoons, kitchen spoons. (applause). >> (speaking spanish). >> and here we have our principle instrument. >> (speaking spanish). >> the name of this instrument is called cajon. >> (speaking spanish).

>> in certain places in africa this instrumentality existed. >> (speaking spanish). >> and the percussionist will play with their hands and their feet. >> (speaking spanish). >> with the african slave trade he used to be in the ports. this type of boxes. >> (speaking spanish).

>> so they were sit over these big boxes and play over them. >> (speaking spanish). >> but for the blacks these type of instruments were not allowed to be played because they were too loud and for the church they will provoke movement that was not appropriate. >> (speaking spanish). >> they could also work as a form of communication with the

drumming patterns. >> (speaking spanish). >> this was what was going on in africa. >> (speaking spanish). >> and from some of the sounds they used to play that we almost lost all of them we still have some that he remembers. >> (speaking spanish). >> for instance -- >> (speaking spanish). >> this means "attention be alert. something is going to happen". >> (speaking spanish).

>> wake up. wake up. >> wake up, wake up. (speaking spanish). >> and this are some of the drumming patterns that have been rescued by the cultural association. >> (speaking spanish). >> the african and review itse s size. >> (speaking spanish). >> to the actual size that he

has. >> (speaking spanish). >> the reason why this drum was reduced in its size it was the intention of hiding it from the dominant class so they will not be oppressed by playing it. >> (speaking spanish)

(drums)