, not specifically the revolving loan program but the small-business loan program, and i think some of the discussions have been had. when the commission heard the request for the revolving loan fund, there was the need to press to a loan fund for our growing businesses and not just our startup businesses. now there is another $1 million allocated for 2012 and 2013 and $2 million allocated for 2013, again, we are going with two budget cycles. that was there. and then in the adding that process, the $4 million that is being projected to reduce the business tax by the small business payroll exemption, there was an allocation through the adding that process to cover the loss of revenue from that payroll expense. and then i just made a particular note that control didn't it an additional control person allocated to deal with the new dog walking regulation and permitting requirements. so we are getting close to finalizing a joint position with the america's cup event authority and the chamber to work on the business engagements. i am hoping that by our next meeting, we will have som

mayor is proposing an additional $2 million in small- business loan funds -- i think there is general consensus we want to strongly support this program and help our small businesses with low-interest loans, but the question is are there -- is there the capacity to wind down a large amount of money given their staff resources, etc.? given what we have appropriated has been blown bell hand a little bit on their resources capacity of the organization to further wind down another $2 million this year? >> as i was discussing -- supervisor kim: i apologize if i repeated the question. >> that $1 million has not yet been deployed. half a million was put on reserve and half a million was given to us. of that, $380,000 -- there has been $380,000 worth of grants to small businesses approved by working solutions. none of them have been funded because we have not got the money to them. that actually happened last week. there has been a lot of activity with screening at approving loans. the money should go out or in one day -- in one big tranch. with the other money that will be revolving, it should be enough for the next two fiscal years. what we

this will be in addition to the $4 million that we are putting into the small business loan program over the next two years that will have about 25 different neighborhood corridors in the city. and that is in addition to the board of supervisors and the mayor's office of already done with the replenishing of about $1 million that we decided on earlier this year. that all combined is a great amount of investment. this is reflective. it will be in the budget. we are excited about this, because we know that after listening to the small business commission, after listening to numerous small businesses along this corridor and a long at least 20 to 25 others, we have gotten there and put about what they needed. these grants and these loans will be targeted for things that they need. for example, i know turtle tower is one example here. they wanted to in zandt. they have so much business. they do not want their customers like me and mohammed nuru and others in the winter to stand aside in mind waiting for the delicious noodles that they have, so they are extending here. it is for that kind of e

for small businesses who are trying to become compliant. under this loan program, we can provide financing for small businesses up to $100,000. those are the small businesses who have been sued, and there are small businesses trying to preempt of a protect themselves against these issues. i will talk about the second rocket first. for the small businesses out there that have been hearing about compliance issues and what to protect themselves and make the improvement and have inspections done, we are willing to work with you and willing to look at the plans that you have any inspections you have to enable you to have tenant improvement to become compliant. for those folks, we would recommend that you go and get a task report done and see whether the contractor can lay out the plan and complete the requirement and then come to us and show us your plan. [inaudible] and have had complaints against them because of compliance, we are also able to work with your peer the fundamental requirement for those is that we need you to finish the lawsuit or settle the lawsuit bef

for businesses have access the loan program, 40 businesses have utilized the bar association pose a legal services, we had 25 articles in print media, 10 in the chinese press, seven in the chronicle sf gate, and in the examiner. we have not done enough outrage and effort -- outreach and effort into the ethnic, primarily the legend media. that is the third biggest business sector. we did a panel presentation on your legal rights with chuck finney and our office has seen 183 clients on ada issues, whether it is getting information about an inspection , if the business has received a letter and those that have been sued. >> we're going to ask people to be as a sink as possible. if you could start to wrap up? >> i want to highlight our page on our website that has the information. and then i will conclude with the next level of outrage that we're working on -- outrage -- outreach. this will be one of the requirements the need to fill upon receiving a grant. i have worked with holly lung to put together a small grant and asian neighborhood design has been awarded that grant to put together a p

number 18. >> the clerk will distribute amendment number 18. >> specifically addressing the business loan program. to give you some numbers, small business association guarantee just under 11,000 for all small business loans under the b and nine program. made up 26 percent of all lending within the program. it had fallen to 13%. this amendment does two things. first, it includes working capital working capital which allows for working capitol, allows an existing company to use this for the purpose of maintaining and current operations within their existing communities. the second thing is that it provides an accounts receivable. maybe used as a means to secure adequate collateral these are considered collateral and many other underwriting processes. i think you. i yield the remainder of my time but the gentleman yield the remainder of his time. any additional requests for recognition on this amendment? >> the gentleman from oregon is recognized. moves to strike the last word. recognized for five minutes. >> thank you. i just want to lend my support. i think it makes sense. no cost to this amendme

quickly in response to the revolving loan issue. >> the budget analyst wants to and the size this office is not against the small business revolving loan fund program at all. we are suggesting based on what has happened in the past and there are projections as to how much money it will be expanded, we state the reduction would still allow $2 million in funding for the revolving loan fund in 12-13. we're suggesting to use -- we are suggesting you have your priorities. our projections would be all of this money will not be expanded this fiscal year. if that is correct, and i cannot say that with certainty, but if that is correct, that means to be leaving money in this department's budget. you may have other priorities to use it. if the department could demonstrate, if you were to make this cut and to demonstrate they needed additional funds, they could always come back to the committee for a supplemental from the general fund reserve. we do not want it to happen, but the committee would have use of the funds. if the department demonstrated a need, they could come back at a later time. supervisor chu: thank you. any questions on the revolving loan fun

for their restaurants, and many businesses may have to install new equipment -- fats, oils, and grease. we parted with opportunity loan fund to help provide a specific program for this new regulation for businesses, and we have also had many businesses experience some drive-by lawsuits, and understanding some of the financial needs in dealing with the losses, making the 88 improvements. again, we partnered with opportunity loan funds to help businesses comply and to deal with their legal needs and with these losses. also, we held businesses understand, if you want to do business with the city and county of san francisco, while we do not regulate that, that is not within our office, but we hope you through the process, and connect with the city agencies who are doing the programs, what we classify as an lbe, we are only able to classify as a small business, but not a minority or woman- owned business. to talk about what kind of contract you would be able to engage in, we also have a unique feature in that we hear some of the issues that businesses are experiencing and doing business with in san francisco, and so can help work with our policy makers, our legi

program. i am a huge supporter. i personally went out and did our reach for the revolving loan fund. our small business owners are excited about it. i do think we should be more measured in our first year of this program, understanding the resorted $509,000 in revolving loan fund prior to our $1 million allocation. supervisor chu: thank you. a quick question on this item. i know there is a desire to say we have a certain fund balance. from my understanding, the $2 million are going to be allocated to different programmatic areas. in respect of of the balance involved with the revolving loan fund, these are strategies aimed at different parts of the portfolio, correct. >> that is correct. the small business revolving loan fund has set parameters with varying interest rates. it is a set program. we are proposing to create funds for businesses that need large amounts of money but to also fund the ss shines program. it has only been in a couple of neighborhoods. without these funds being dedicated towards sf shines, we will not have improvement moneys. it is not clear where that money would come from. we h

bush administration, a program was set up to bolster this sector to provide government-guarantied loans to try to grow businesses, to try to grow this sector in our economy. fisker, the justin bieber puberty has arrived helper prop, fisker applied for government-backed loans to help grow its business under the george w. bush administration program created for that purpose. that funding got approved once the obama administration took over. now, that wasn't their only investment money, fisker also got funding from a big venture capital firm in california, a firm that is a pretty high-profile firm, among its partners, people like meg whitman, she's been a big high-profile supporter and fundraiser and donor for john mccain last time around and for mitt romney. the same firm also has as a partner a man named al gore, who you might have heard of. the main partner tied to the fisker investment firm is this guy, a john mccain donor and rudy giuliani donor and george w. bush donor. that's the situation in the real world and in the economy. but in politics, the mitt romney campaign is now trying to sell the idea that the

mining companies are trying to win over the locals by reaching out with day care programs for children. small business loans to their parents and promises of improved roads, schools and health centers. craig ford is the vice president of corporate responsibility in toronto. >> we're helping bringing the government into the area to discharge the responsibility in areas where they haven't in in the past. it's a very positive outcome to the local community to increased access to healthcare and education and we're proud of that. >> immet's plans for the mine call for 22 square miles of rain forest to be taken down. work has already started. >> they estimate that some 7% of the world's biodiversity lives within the biological corridor and one of the most pristine areas is in northern panama where these occur and they are developing their projects. >> the company hopes to start producing copper here by 2016. >> ifill: follow the production team's trek through remote villages in panama online, where you'll find an interactive map showing the canadian mines in latin america. that material was gathered by mcgill uni

broad range of programs can be effective by focusing grants and loan resources on local priorities that demonstrates a broad support with multiple stakeholders. rural people and businesses and communities are operating in dynamic regional economies. and the usda rural development programs must be reshaped to more locally driven and strategic regional approaches. current funding decisions are being made based on what federal officials seem to deem as the best grant writing because the agency is not authorized to priorityize local strategic projects. this offers a unique opportunity to authorize usda to do more innovative and ensure that federal dollars get stretched further and that local rural communities and regions not washington will drive rural development funding decisions. i am confident that the stakeholders are united in support of this policy change. in fact, this change was included in the senate farm bill, with bipartisan support by both the chair and ranking member. the campaign for renewed rural development is 38 national orga with a strong interest in the future of small town america. the cam main made the policy request and the policy change as one of the

loans to advance the business and lobbying goals. the report says documents and testimony obtained by the committee to show v.i.p. loan programas a tool used by countrywide to build good will with lawmakers and other individuals positioned to benefit the company. among the v.i.p. customers mentioned in the report, senator kent conrad chairman of the budget committee and former senator chris dodd who headed the banking committee vote democrat. house members, pete sessions and galigally and tom campbell. and former hud secretary cisneros and jackson, as well as former h.h.s. secretary shalala. in all, the committee says there were 29 loans to 12 members of congress and key staffers. the report says the lobbying efforts worked. >> there was a concerted effort to use something, to peddle influence. they did it also at fannie mae. this ended terribly where they dumped so many loans on the american taxpayers. that makes it egregious. >> the investigation countrywide lobbied to have mortgage fannie mae a critical partner. it's fannie mae that bought a large number of country wide sub prime mortgages. for loan recipient, some suggest

loan program. >> i am a big fan of marketing. let us know if you have a small business in there that we can patronize. thank you. -- in that area that we can patronize. >> i have a company here in san francisco. like all small businesses, working for the city of san francisco is difficult. cash flow is a problem. invoices' get paid anywhere from 60 to 120 days. being cash for, i do not know how that would help me qualify for a loan, but it is a problem. so my question is, where do you go, if you do not have a lot of collateral, you do not have a lot of credit, have the you go about securing a line of credit? i have a lot of contracts for the next two years, but as my company grows, i cannot keep up with payroll. >> we have made loans in those situations. if you have contracts and can show us how they are going to be paid, if your credit is good, we would certainly like to take a look at that. we do not currently offer -- i should be careful. it is on and off whether we have a true line of credit. sometimes it can be structured in such a way to meet your cash flow needs,