ms. bretos? i try to do that as well as the chairman. i don't think i succeeded. >> thank you. from the onset, my experience with the sba and score in particular has been wonderful. they have really committed to helping small businesses. i like the idea very much of micro-lending. through two and a half years of trying to get a loan from celtic bank in miami. disaster. i don't know whether it was backed by the sba. i assume so but i basically had to give my house as a collateral in order to get $100,000. there are major problems and i something like the mortgage guarantee loans. our problem is the revenues. we don't have sufficiently to back alone, they have to take your house instead. that is a problem. hugelyoloans are effective in this arena because in order to mitigate seniors' financial risk, we encourage them to start small. with global working programs. kiva is a local -- micro-loan program. we encourage people and if government could open access to information about places like kickstarte

ms. bretos. i tried to do that as well as the chairman and i don't think i succeeded. >> thank you and i just want to say from the outset that my experience with the sba and score in particular has been wonderful. they really are committed to helping small businesses. i like the idea very much of microlending. i just went through two and a half years of trying to get a loan from celtic bank in miami and it was a disaster. i don't know whether it was backed by the sba. i assume so but i basically had to give my house as collateral in order to get $100,000 in loans so there are major problems. i think of somebody with a 232 mortgage guarantee loan we could do something and our problem is the revenue. we don't have sufficient revenue to back a loan and then they have to take your house instead. that is a problem. >> thank you. >> microloans are hugely effective in this arena because in order to mitigate seniors financial risk we encourage them to start small so we have been specifically working with

ms. bretos spent i'm so happy to be here. thank you very much, chairman nelson, chairman landrieu, ranking member collins, and the rest of the members of this committee. i am delighted to share my talk on what it takes to be a late in life entrepreneur. there are currently 9 million this is the only sister sick, i think enough has been given, 9 million of us come and 31 million comes in the next decade. i am conchy bretos, the owner of miami senior living solutions, for the first time provided assisted living services for public housing. in miami in 1996. in fact, senator nelson, you may not remember but you visited in 1998 and we were so pleased to see you there. been since then our firm has work with public and private entities in 23 states. later this spring will be opening the first public housing and assisted living facility right here in d.c. for the d.c. housing authority. our projects have proven to reduce medicaid and medicare spending by keeping seniors away from -- generating thousands of jobs and healthy profit ma