"an sba lender will be able to make the loan with a guarantee that sba will be able to provide. we probably will about 225 sba loans this year. at any point in time, we have about 1500 loans in san francisco that are sba loans. a lot of them are restaurants because that is one of the areas that is very typical because it is a riskier business. but a lot of people in san francisco see that as an opportunity for them as well. we also partner with the golden gate restaurant association to help people understand how to do financing for restaurants. a lot of what we do is helping small businesses get access to credit. the sba loan program covers a range of small loans down to $25,000 and large loans up to $5 million, so it is a very wide range. can be used for a variety of uses -- debt refinancing, building acquisition, working capital, so it can be used for a wide range of things from a small business point of view. as you heard, we do guarantees for about 90 or 100 banks in the country -- or in the bay area. about 3000 nationwide. there is a lot of lenders that do some sba lending.

what impact will be cuts in the sba budget have on the sba program? it seems the small business committee is try to make drastic cuts. from our perspective, the new majority leadership is looking to make drastic cuts, many of the program will hold near and dear to our hearts. the question the leader is continually asking is, show me the jobs. she wants to see house bills come to the floor that create economic opportunity for middle- class -- all of americans. if the small business committee is looking to cut funds from the sba, we see that as a detriment. we do not believe in cutting to create more jobs. we agree with the idea of the recovery act, putting more money out there to get people employed. >> on congressional action, that is not my role. in san francisco, we have been the beneficiary. all small businesses should be aware that we have been the beneficiary of a lot of good resources for small businesses. we have more nonprofits that are funded through micro lending here in the city from sba programs. some are expected to be looked at for budge

kinds of loans sba is able to guarantee. we are not a direct lender or guarantee lender. we have a couple of program he says, just to give you a sense, and i will let eric talk about the microlending side, but we have a microloan program to deal with the early stage client looking for a small loan under $50,000, down to, really, $10,000. for those businesses that are not viable in any real way but have a great idea, have some abilities to show that they have a good plan and really need to be able to get some early stage financing. that is kind of a non- traditional source of capital that exists out there. the main sba programs are guaranteed loan programs, and we act essentially as a guarantor, insuring the bank that if you make a loan to a small business, the business is not able to pay the loan, the sba will pay the bank a share of that long, typically 75% or 80%. a bank like wells fargo, for example, which is the largest sba lender in the country. when the lender makes the loan to you, they come to us and say that your bu

kinds of loans sba is able to guarantee. we are not a direct lender or guarantee lender. we have a couple of program he says, just to give you a sense, and i will let eric talk about the microlending side, but we have a microloan program to deal with the early stage client looking for a small loan under $50,000, down to, really, $10,000. for those businesses that are not viable in any real way but

>> 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 fo

that's the issue. >> sba doesn't give money, it just guarantees loans. you have to go to the local bank to qualify. there are a ton of business owners as you know, who don't have the collateral or good credit to get a bank loan and then get a guarantee. >> talking about regulations, there are regulatory issues making it harder for banks to loan. >> can i ask this question? why should i care? we all presume that helping small business is an obvious policy goal. the government should be doing -- you touted the small business administration. we don't have those subsidies for other loans. we do for students. what is special about small business that we should be concerned with its survival either way? >> most businesses are geographically small. they are small scale. there's a number of people they employ and also their range of services and products. they are often neighborhood, maybe town, city based businesses. if they are going to employ people, it's people from the local economy. that is inher antly good. if a business comes in and hires from outside, i

and then -- and if there is interest, we will apply for the sba economic injury loan. so, the request for the businesses to fill out the work sheet, for us to be able to submit to that has gone out to the businesses. we're looking to schedule a meeting with them hopefully by the end of the week with the businesses to, you know, make a final determination as to whether we will apply tort economic injury loan. just to go back to ocean avenue, two of the businesses are currently submitting applications for the sba economic injury loan. so, to provide you with an update for that. and then the friends of the commission of the status of women have put together an indigo go site for two businesses that are women business owned that were damaged in the ocean avenue fire. next small business saturday is coming up november 24th and if the commission has endorsed it, we are finalizing -- we are working on the proclamations and declarations. jane and i are meeting with jason next week to figure out what our, you know, what additional support we can have. i know that they'll be pre

in 2009, the sba approved $500 million in lending. next, we have the executive director of the san francisco small business office. she was in san francisco in 1986 to open the buffalo exchange limited store, and in the 13 years she worked for buffalo exchange, tennis district manager, she held her open the company from four to 11 stores. in 2009, the mayor appointed her as executive director to the office of small businesses. next, we have the ceo of opportunity funds. he has combined his background as a community organizer with an education from stanford to develop an innovative, not-for- profit financial incision that uses market principles to affect systemic change. it operates one of the nation's largest individual development, programs, a leading provider of micro loans in california, and has a robust community real estate finance unit. next, we have the ceo of ne community federal credit union. since 1988, she has been the ceo of northwest community federal credit union. under her watch, the credit union group to over 1600 memb

they narrow the big sea sba a line of your sweat and then they take away your last word and then they take away another. now you put the keys back in your pocket and now you push on the door until it is in flame, until it is in flame. next reader is jane herschfield. . >> one sand grain among the others in winter wind. i wake with my hand held over the place of grief in my body. depend on nothing, the voice advices, but even that is useless. my ears are useless, my familiar and intimate tongue, my protecting hand is useless that wants to hold the single leaf to the tree and say, not this one. this one will be saved. a poem written on september 15th, 2001, against the knowledge that exactly what would happen was probably going to happen. the dead do not want us dead. the dead do not want us dead. such petty errors are left for the living. nor do they want our mourning. no gift to them. not rage, not weeping. return one of them, any one of them, to the earth and look. such foolish skipping, such telling of bad jokes, such feasting. even a cucumber, even a single anise seed, feasting. an

they narrow the big sea sba a line of your sweat and then they take away your last word and then they take away another. now you put the keys back in your pocket and now you push on the door until it is in flame, until it is in flame. next reader is jane herschfield. . >> one sand grain among the others in winter wind. i wake with my hand held over the place of grief in my body. depend on nothing, the voice advices, but even that is useless. my ears are useless, my familiar and intimate tongue, my protecting hand is useless that wants to hold the single leaf to the tree and say, not this one. this one will be saved. a poem written on september 15th, 2001, against the knowledge that exactly what would happen was probably going to happen. the dead do not

businesses is they are not necessarily talking about me one of the issues about small business is the sbausiness as 499 employees or less. i talk to a lot of people with 50, ten, one employee. >> we're talking very small. how do the policies of the candidates impact small business owners. >> the thing we hear about is extending or not extending the bush tax cuts to people earning over $250 thourk. it affects a tiny percent of small business owners, 3%. >> isn't that 3% really where the job creators are? >> that's what the romney campaign says, yes, indeed. the nfib says it is responsible for 700,000 jobs if you raise taxes you will lose 700,000 jobs. it is very hard to get down to those numbers. >> how is business going for the small business group which is response able for job creators? >> definitely better than a few years ago. access to capital has been a big issue. small business lending is up. a lot of exciting things on the horizon. crowd funding with the jobs act will be available presumably sometime next year. so, and optimism is up, but there's a lot of uncertainty still and peo

we got a sba loan. we began with one store. we opened three right away to get store.er, okay store and mediocre store. so we were surviving. we decided to expand and grow more. you need a lot of restaurants to really make money. so. ashley: gaur mow, he literally have 30 seconds. i want to ask you about the impact of the new health care law on your is about. what kind of impact does have that as you look forward on hiring and specifically the job situation? >> most the franchisees in the industry is concerned obviously. we might reduce the hours to 30 hours, or some, some of the consequences will be that we'll have a lot more part-time employees. so that is what the industry seems to be going. what i hear everybody is doing. so we mine kate a lot. our profit per employee is very small and we just have to be very smart on how we can keep that small profit per employee. ashley: thank you so much for joining us. the ceo of sun holdings. burger king one of many restaurants that you oversee. guillermo, thank you very much. liz: thank you. i'm a junior whopper kind of girl.

em gas sbas cairo egypt scales the walls and burns the american flags. the explanation they are angry over an obscure video produced in california. meanwhile something else is going on in benghazi. at 5:00 p.m. eastern time the first reports about an attack come across the wire. it won't be until morning until america learns how serious that is. >> we weren't there. >> if you were could you have protected ambassador stevens? >>> oo when we return investigates is on the scene in benghazi. what happened that night? gregg palkot has the story of heroism and disaster. ♪ [ male announcer ] start with an all new award winning car. good. now find the most hard core driver in america. that guy, put him in it. what's this? [ male announcer ] tell him he's about to find out. you're about to find out. [ male announcer ] test it. highlight the european chassis, 6 speed manual, dual exhaust, wide stance, clean lines, have him floor it, spin it, punch it, drift it, put it through its paces, is he happy? oh ya, he's happy! [ male announcer ] and that's how you test you

they can go to sba,. they actually can call our company. we are assisting businesses. they can call us. we will work with them to bring in the government agencies so that they can get financial assistance if they qualify for it. gerri: and you can do it yourself. you don't have to have an intermediary, although you can choose to. there is tax relief, how so? >> that is a question. in terms of tax relief, there are questions as to whether the legislators were going to reach out and provide tax benefits for businesses that have been affected by the disaster. historically we have not seen that, but it is being discussed. gerri: free legal services to be available from fema. is that typical? >> it is. the federal government reaches out and tries to do what i can't help small businesses. that is available from the government, where you can get those types of services. gerri: the cdc will have some clean-up tips. is that on their website. >> absolutely. you can go to cdc and get those helpful tips as well. gerri: i know people tonight are sitting at home talking about what c

i got off the phone with folks from sba actually. they are saying, you know what?aybe there is cost sharing achieved in sort of overarching agency. but guess what? the government sucks at firing people. melissa: yeah. >> pardon my french. but the cost sharing is only achieved when you can actually lay people off. this is terrible idea. melissa: carl what do you think? if it is a cabinet position maybe somebody who could every time the president walks in they could scream stop bugging us at him. that would be a voice of small business. that could help. >> melissa, you're hired!. melissa: okay. >> i think they can put you on immediately absolutely. first thought that went through my mind was desperation. when i told my operations manager about it this morning he laughed so hard i thought he was going to break in half. four years into his presidency he wants to come up with something to help small business and the fact is, like you mentioned, the, his tax plan is going to do nothing but stagnate business and put us in a position to, for no growth, or negative growth v

the impact sent the cruiser sba a light pole. the result was catastrophic and fatal to 28-year-old officer kevin bowden, the father of two young children. the suv driver received less serious injuries and remains hospitalized. >> we've been in touch with the state's attorney and briefed ms. brooks on the facts of the case as we know them right now. what will happen is, the investigation will be completed, and be turned over to the state's attorney for pending charges. >> reporter: a somber chief mark magaw revealed the preliminary investigation indicates the cruiser was traveling above the posted speed limit, and officer bowden was not wearing a seat belt. >> this is an issue that is faced by law enforcement across the country. so it's just not here. but we've paid the price here twice in the last two months. >> reporter: michelle green, a member of the police chief's citizens advisory committee, said officer bowden's death, the department's second loss since august, hits home for county residents. >> i think we have gotten the m

i worked with the sba to craft something to allow small businesses to accept a $28 million. in 2003, i have done the innovative education act to create early colleges in north carolina and lay the foundation. today we have about 75 early college high schools. "the new york times"has set that as a model for the nation. -- has said that is a model for the nation. 13 southern governors, mostly republican, gave us an award. i know every agency and i know every part of this state. we need a governor that will not talk only five minutes and not be transparent. i have been transparent. people know what i am doing. we know there was a case several years ago in the supreme court that he took a special interest in. he used his position with the city of charlotte to help pay special interests. against a farm family. they say he is a rainmaker, what promises are being made? >> are you a rainmaker, mr. mccrory? >> i am a great marketer, someone who can sell north carolina is what we need. i help client development with my law firm and my brother's company. i am in the private sector now.

. >> host: the small business administration, sba, gives loans to small businesses. >> guest: uh-huh. >> host: under the obama administration, which has existed three and a half years, exactly the period of in which this is obvious that women are winning, that administration has expanded the categories of businesses that receive preferential loans, tax dollars, if they are owned by women. now, since women are women, why the hell are we doing that? >> guest: small businesses i think are difference than workplaces; right? places that are totally like finance and law firms, like, those places i feel like do not acknowledge the rise of women or take it intoing the or accept it. like, why are you giving me that look, whereas small businesses are a different question. i wish i knew more about small business and how women are doing or whatever. >> host: women succeeding, men failing, the federal government gives preference to women. >> guest: what do you mean? women are starting at the bottom, like in places where i describe, women still get under paid, they are just, you know, creeping thei

of business instead of nine different departments that are dealing with things like getting loans to sba or helping companies with exports. there should be a one-stop shop. now, the reason we haven't done that is not because of some big ideological difference. it has to do with congress talking a good game about wanting to streamline government but being very protective about not giving up their jurisdiction over various pieces of government. so there are going to be a whole bunch of things i think we can work on. the first thing, though, is let's go ahead and get settled. how big a government. how do we pay for it? if we solve that problem, and i think we can solve it and we have to solve it, then i think we'll be in a position to make some progress. >> so how did you think the president was -- >> he seemed to be in good form. the rally was -- it was great to go and be on the rope line and see it from that vantage point, which maybe we'll show some video of later, and to hear from people and to monitor the crowd. it didn't feel like four years ago. >> right. >> but it definitely -- i me

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times, getting money from the legislature, going to the golden league, getting more money, working with sball businesses to access $28 million. in addition, in 2003, i had done the bill, the innovative education act, to create early colleges in north carolina. laid the foundation for those. today, we have 75 early college high schools, the new "new york times" said it's a model for the nation, seven of the top ten high school last year were early colleges. the southern growth policy counsel gave us innovator of the year, that's 13 southern governors, most republican, gave us that award in the logistics task force. i know the state on proarntions, know every -- appropriations, know every agency, every part of the state. talk about the trarns paraphernalia sigh -- transparency, i've been transparent letting my tax returns seen out this. people know what i'm doing. we know there was a case back several years in the supreme court that he took special interest over a farm family. used the position with the city of charlotte to help a special interest, his employer, against a farm family. what's

they had to pay $3 million penalty because of a provision within the affordable care at were shown the sba2.3% tax on small medical devices, or that a company like tracy's, because of the affordable care has to be a 38% tax on its passive incomes. i begin to see that upstate new york cannot afford to go back to dan maffei's policy. we need policies that bring us forward, create jobs in upstate new york. i'm so glad to be here and i look forward to your questions in a robust debate i'm sure we're going to have. thank you. >> yes, good evening. i'm ursula, green party candidate for congress this year and my family came to syracuse in the 1980s. they thought the night season and 1840s and after world war ii and came to the united states believing this is a country where fewer card you can advocate by for your family. unfortunately, the american dream is just too far out of reach for most people. with the skyrocketing unemployment, strangling death for too many people. that's why i support positive, progressive solutions to the crisis. i support a public jobs program like during the wpa to get

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