"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

and they are all good but sba may have the most to go.his veterans day, "mad money" honors those who defend our country's freedoms by helping their financial futures. if you or someone in your family is proudly serve or has served in america's armed forces, we invite you to join our live studio audience this friday for "mad money" invest in america salute to the troops. for tickets go to madmoney.cnbc.com. >>> i'm jim cramer and welcome to my world. >> one man -- one mission. >> i want to make you money. >> eight years. >> you need to get in the game! >> tens of thousands of miles traveled. >> this new black gold rush is just getting started. it's the sound of american industry roaring back to life. >> hundreds of ceos. >> my life story can be your life story. >> thousands of callers. >> boo-yah, jimbo. >> millions of your e-mails and tweets. "mad money" thanks cramerica for being with us for over 2,000 episodes. >>> you can judge a great market by the quality of its secondary offerings and the reactions to them. those offerings by compan

and they are all good but sba may have the most to go.terans day, "mad money" honors those who defend our country's freedoms by helping defend their financial futures. if you or someone in your family is proudly serving or has served in america's armed forces, we invite you to join our live studio audience this friday for "mad money" invest in america salute to the troops. for tickets go to madmoney.cnbc.com. ♪ ♪ stacy's mom has got it goin' on ♪ ♪ stacy's mom has got it goin' on ♪ ♪ stacy's mom has got it goin' on ♪ [ male announcer ] the beautifully practical and practically beautiful cadillac srx. get the best offers of the season now. lease this 2014 srx for around $369 a month with premium care maintenance included. ♪ so i can reach ally bank 24/7, but there ar24/7.branches? i'm sorry, i'm just really reluctant to try new things. really? what's wrong with trying new things? look! mommy's new vacuum! (cat screech) you feel that in your muscles? i do... drink water. it's a long story. well, not having branches let's us give you great r

. >> 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 fo

what the sba is focused on is outreach. we continue more than ever to get the word out to small businesses. one of the biggest problems that we run into is a misinformation in the small business community -- >> which is purposely, i think in large measure. >> it is very prevalent. most of the rooms i walk into are filled with small businesses that are nowhere near the size that would be impacted by the employer shared responsibility provision. and yet they are positive that they will be impacted by this. we cleared that up. >> just for the record, could you clear that up now, when you walk into a room, it's mostly filled with businesses that are of what size? >> well under 50 employees. >> are they affected at all? >> not at all. >> no business in america that is under 50 employees are affected at all by the employer shared responsibility? >> no, in fact, that represents 96% of overall businesses. instead of -- in addition to not being impacted by the employer shared responsibility, those 96% of businesses have access to ne

that youd appreciate make that guidance very clear when someone's looking at an sba loan. need to know what limitations they will be under in the future. it needs to be clearer. >> i agree there was confusion. we have absolutely worked with your office. raised this before, to that. clarify >> thank you. deputy mayor holloway, we've yoman's working on so many infrom a fra structure issues -- issues.ucture but there's still enormous challenges for homeowners. while fema caps the payment at very few people receive the full payout. their home might have been destroyed and their eligible for grant $8,000. so while we do our best, it's homeownersfor these to rebuild. and in fact, there are families that are still homeless a year unit. that'-- a year out. that's horrible. island,zy point, staton the rock aways, how quickly do get tonk cdgb money will homeowners? what percentage have received any? >> each of those areas having workedere many times and with particularly in breezy point the homeowners association, we have done a lot advance building. it's not only getting the money.

who believe they are at a financial disadvantage relative to homeowners who chose not to accept an sbaloan? >> this is something your office raised with us and that others did. and we actually made clear that even if a homeowner or business had been approved for a loan, they were still eligible for sba assistance. so, in fact, it is not accurate that they are ineligible. >> but they had been told they're ineligible. is that something we can fix in terms of those communicating? >> let me be clear though. like everything else in cdbg, it is up to local communities to determine exactly how they use these funds. and one thing that we have encouraged communities to do, and i want to be clear about what situation the homeowners you're talking to, if a homeowner -- if a small business can afford to repay a loan, we do not think, and we've made clear, that communities should make grants available because these are precious, limited dollars. so what we've encouraged communities to do is to do an evaluation. and i have heard frustrations from business owners, homeowners. they say, well, somebody

you know, sba guarantees loans for all small businesses but a lot of them are those main stream businesses we want to make sure are available to all of our communities. >> thank you very much. again, we encourage everyone to shop small on november 30th. >> it's my pleasure in hoping promote it. >> when you think about getting people to shop local, you should be thinking about how to get people specifically in your area. so here now are five suggestions for low cost, local advertising courtesy of the nifb. one risk on local business directories. set up sites on yelp an yahoo local. they get reviews from previous customers. two, submit participant releases. let your community and business magazines know when something happens, leak you win an award or reach a tile e milestone, three, make your car an advertising vehicle by promoting your business with bumper stickers, decals or signage. four, do nate a prize to local give away stations. you will get on air exposure and possibly a mention on tear website, too. five, enter a float in a parade. you will be associated with community spirit and g

sba guarantees loans for all small businesses, but a lot are the main street businesses we want to make sure are still available to our communities. >> thank you very much. again, we encourage everyone to shop small on november 30th. >> my pleasure. thanks for helping promote it. >>> when you think about getting people to shop local, you should be considering how to reach people specifically in your surrounding area. so here now are five suggestions for low-cost local advertising courtesy of the nfib. one, list on local business directories. set up online accounts on sites like yelp and yahoo local. these guides help people nearby find you and get reviews from previous customers. two, submit press releases. let your community newspaper and business magazines know when something happens, like you win an award or reach a milestone. three, drive your message home. make your car an advertising vehicle by promoting your business with bumper stickers, decals, or signage. four, donates a prize to a local radio station for give aways or contests. you'll get on-air exposure and possibly a mentio

there are a whole range of components of the program that sba has implemented. at the treasury, we have three different pieces of that legislation. one with a small-business lending fund. this is a program that invested $4 billion in community banks. they do the lion share or outside portion of the share of the lending to small and micro businesses because of the 4 billion-dollar investment in a 332 institutions across the country -- an indication banks and funds for community development loan fund -- we are seeing positive returns for the taxpayer so this is no cost to the taxpayer. and we are also seeing that lending has increased by more than $10 billion. so you take that $4 billion as a result, the institutions have loaned more than $10 million above and beyond the lending that they were doing before hand. but that actually turns into around 41,000 new jobs -- new loans to small businesses. it also means that of those loans, i think we are somewhere around 6 65 or 70% of those loas were below $100,000. so these are actually loans that are going to the smalle

the sba does a nice job, kind of, lending to this community, but no one is educating them and inspiringn we created the show and cnbc decided to get into small business this is one of the reasons. the sentiment is bad but i don't think it's as bad as what's really happening. i want to be the voice of those people saying it's okay. get focused, get back to the basics, put your head down, don't worry about what other people are doing. >> it's going to be okay. >> it's going to be okay. >> your new season is going to be fantastic. >> starts january 21st. we're excited. in production right now in brooklyn. >> i know you are, right around the corner from us. we're working you hard. >> we are working hard. >> but it's worth it. you have great stories to tell coming up this season. look forward to it very much. >> thanks. >> good to see you. >> you too. >> ty, up to you. >> thank you very much. year-end tax planning is upon us now. we have the best strategies to lower your tax bite and don't forget, those rates went up earlier this year. 2013. so you want to pay attention. apple launching its

regardless of whether you are working in the fda or sba, the same guidelines will apply, correct? 1400ll, sir, the cfr applies to competitive service. but the idea is to apply that eventually across the u.s. government for consistency. >> just to get to your point -- once you get the regulations down, they will apply across every federal agency equally, correct? >> yes, sir. >> ok. so, who is going to make sure that the agency actually utilizes -- and i don't want to pick on you. who is going to make sure the agency actually utilizes the rules? >> senator, i echo brian's remarks. you know, the idea here is that the current rules that apply so 732, they provide some very general guidelines. whereas the proposed rule is providing more concrete examples. so, the goal here is to allow in makingrovisions the sensitivity designations. opm and odni both have oversight roles that they can assess how thesees are implementing rules. we expect to also develop implementing guidance and also update the position designation tool which will also provide for more consistency across the government

sba, catamaran, i like that one. be right back. ♪ ♪ dennis: what caused blackberry's fall fm grace?kelly says the call was, quote: very poor management. i do not own a cell phone. they are privacy thieves. and call me denise tweets: i said this back in 'to 07 when the iphone was announced, then they released the next blackberry that year, and i was convinced. and amend it to defend says: no more crackberry, and finally v3 ceo says: tears what a great legacy and time, and now google owns us. cheryl: everybody knows paypal cofounder peter keel put the first money into facebook, but who put the first money into paypal? meet john many low, he's coming up in the next hour, and we're going to get his take ahead of twitter's big ipo. dennis: and when rainbow sprinkles just won't cut it, next hour glow in the dark ice cream made from chemically-produced jelly fish. ♪ ♪ [ male announcer ] what if a small company became big business overnight? ♪ like, really big... then expanded? ♪ or their new product tanked? ♪ or not? what if they embrace new technology instead? ♪ imagine a company's future

many people with criminal histories are unable to get sba loans or any kind of initial capital.are connectors between people with criminal histories and the private sector. business leaders, venture capitalists, investors. we run business plan competitions where our people compete for up to $100,000 in microloans. it's our private support network that funds and invests in their businesses because they believe in these entrepreneurs. >> jose, you are an entrepreneur, one of the folks to come out of defy. tell me about your experiences. >> my experience has been amazing. i was able to launch my own company and give back to individuals in the same position i was when i first got out of prison. it's been life changing for me. >> what do you do. >> i'm a program manager and recruiter. i go out. i hit all the parole offices, other organizations and spread the word, right? if i'm able to do it, a young kid from rhode island can be come to new york and make something happen, anyone can do it. i get them into the training >> there is this kind of multiplier effect as part of what made de

have approved more than $5.67 billion in total assistance in the form of individual assistance grants sba loans national flood insurance program payments and public assistance grants. in new jersey we are resilient. we are determined and we are incredibly resourceful. our famous -- a welcome famous tourist to the jersey shore. cities like hoboken and newark are coming back bustling with activity and families and business people continue to pick up the pieces and move forward. still, far too many are recovering and it's challenging and it's a daily struggle. from little in north jersey where we were just last week to mental look in on the shore or thousands remain out of their homes and countless businesses have been rushed away in the storm and have not been reopened. in july it visited the beach and there were many signs of renewal. i 1-800-at some of the restaurants and i saw houses that stood like skeletons on the roadside faÇades that work gutted in than many of the residents i spoke to felt left behind and forgotten. they were still in pain. many of them had challenges not just with

and sba is up i think even more. it reported an amazing quarter. that's the tower business. you just keep putting on transponders. it's a great rental business. >> we'll see you tonight. with tesla earnings as well. >> tesla. >> when we come back, ism. doesn't go away. day crowd. ♪ [ male announcer ] the parking lot helps by letting us know who's coming. the carts keep everyone on the right track. the power tools introduce themselves. all the bits and bulbs keep themselves stocked. and the doors even handle the checkout so we can work on that thing that's stuck in the thing. [ female announcer ] today, cisco is connecting the internet of everything. so everyone goes home happy. [ female announcer ] today, cisco is connecting ti'm bethand i'm michelle.. and we own the paper cottage. it's a stationery and gifts store. anything we purchase for the paper cottage goes on our ink card. so you can manage your business expenses and access them online instantly with the game changing app from ink. we didn't get into business to spend time managing receipts, that's why we have ink. we

>> sba was on "mad money," if you want to get some of these hard-to-get areas, you have to put up morenders. they need the money. these guys need the money to stay in the arms race. >> they're given a reputation as a provider with very fast service. >> and they're spending a lot on branding and marketing. but they have an unleveraged balance sheet to begin with. let get over to rick santelli in chicago at the cme group. >> thank you. the fixed market is forging toward lowest prices and higher yields. we're up about three basis points to 144 from our 141 on friday and if you're looking at 10s, they're up about 1 basis point. we're basically hovering at the wide that's spread has been since september of 2011. and when you pair up our 10-year against the 10-year in europe, you see a similar kind of breaking away, highly correlated but more aggressive as the spread between the two is hovering just under 100 basis points. as far as the dollar index, there was a time over the last several weeks where the british pound was on fire and the euro was going a bit in the different direction. from

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