"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

we are now actually working with the sba. they are one of the sources of our loan capital along with banks like wells fargo, and all of our capital providers want their money back. we make loans, i mentioned, as small as $500, up to $100,000, and we make them at an 8% fixed rate with no prepayment penalty. terms of up to seven years, depending on the amount and purpose, and we look at the client's existing income, but we will take into account the global household financial picture. we will actually looked beyond tax occurrence. that is one of the things we can do as a non-regulated lenders. we are able to look at cash- based businesses in some ways that would be difficult for a larger financial institutions. in terms of lending based on projections, we typically do not lie on -- rely on projections, but unless is a contract that has been awarded. we're really looking at what actually you already have in the household. in terms of credit, we want to see that your credit is currently in good standing, but a mix credit history

>> 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

the sba says small businesses that supply defense contractors are already feeling the pinch. steven fuller is the director of the center for regional analysis and testified before congress that shows small businesses will suffer major job losses. david rose is chairman and ceo of a collaborative platform for early stage equity and gene marks is president of the marks group and columnist for the morning times. great to see you all. there was so much talk about what will happen if we hit this point and now we have hit it. so, steven, you've written a lot about job losses because of the sequester. now that we're there, are you seeing anything happen? >> well, you have to look in several different places. many of these job losses will come later in the year. there are certainly some job losses that affect small businesses right now. but the big impacts will come from the payroll reductions that we'll see starting next month on the federal side and also on the private sector side, the federal contractors as they cut back. lots of small businesses who are suppliers and vendors who

intercambio cultural y si hace unos meses la comisión detecto más de 14fallas en exet ministerio y esto sbaserian la acreditacion y cerrarian las puertas y esto tiene preocupada a margot. >> > y todos venimos de diferente países y los queremos superar. >> > cientos de alumnos y maestros salieron a protestar hoy y según ellos no le están dando participaicon y no quierenm perder su centro de estudios y para petra es muy importante esté lugar. >> > para noos es importante ya que podemos aprender el idioma. >>> dicen que confían en las mejoras planteadas y están en está entidad enjunio ynos mantendremos muy informadosd. >>> unm hombre murió baleado y la víctima está en las escaleras de la calle mcdonnals y la policía aún no han encontrado a nadie en el incidentes. >> > y un hombre intento suicidarse y lo encontraron en la escuela martín luther king después de encontrar imaganes de niños desnudos el trabajo como maestros sustituto en esté año 2009 y febrero de esté año uy esté no es el único caso que encuentran y están en un autobus escolar y el individuo acompañaba a la madre del estudiantes mie

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

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 communi

on thursday, we hold a private awards ceremony for the mayor, the sba and several other organizations who give out some awards to small business. and we hope all of the commissioners will be able to attend. and on friday, the san francisco economic development alliance and small business week will hold a mixer. saturday, the office of small business gives out sidewalk fee waivers for local neighborhoods to hold sidewalk sales. to-date we had a record level of sponsorship and again, we're very appreciative of the sponsorship of the office of small business and the commission; that underwrites the space at sf state downtown campus every year. to-date our sponsors are wells fargo is our sponsor and sfmta and vertical response, visa, t-mobile, chevron, keizer permanent,hurst media, the san francisco business times and the bay reporter, et cetera. again we're very excited to continue to work this year. and two ways that i wanted to let you know about that we can use your help before i take any questions that you might have, one of the things that we really pushed this year, in the past mos

their insurance wouldn't cover flood damage, and the sba's promise for a speedy disaster loan dragged so you had a struggling business that then was hit by a storm and you have to invest this money again on top of the money you invested. and it was already struggling. how do you make that decision? >> it wasn't easy. >> we felt the original investment was too large to walk away from. so we made the decision it would be better to try to reopen and work toward making the business better which we knew we could do, we needed help doing it. >> and help came from a totally unexpected place. you along island based facilities firm called front street was looking for a way to support a small business in this hard-hit area, that would buoy not only the business, but the community it served as well. they took on the daunting task from rebuilding the space, from ripping out and replacing walls to rewiring electrical and installing a new floor, all for free. >> we really just -- they are firefighters, running into a burning building when everybody else is running out. what better way to give back

the sequester has the potential to undermine this very promise by reducing sba funding. as a result, loans to women will be reduced by $250 million, translating to an decrease of 2,500 jobs. this means fewer women will be able to access affordable capital to turn their ideas, their dreams, into reality. when it comes to contracting, we have been fighting for so long -- we even took the bush administration to court to implement a contracting women program, and now that it is up and running, we're going to shut the door, preventing a level playing field for women's businesses to act as federal contractors. we have not achieved the mandating contracting goal of 5%. this will translate to $1.3 billion in small business contracts that will be lost for women entrepreneurs. this will jeopardize at least 15,000 jobs. when combined with the closure of business centers that serve mainly women across america that will provide technical assistance so that they could turn those dreams and those ideas into a financial plan and then go to a bank that is matched by the small business ce

faces a 5% cut, around $4 billion less for small businesses that depend on government have thes and the sba mentor entrepreneurs and help them compete for the government contracts. michael freytag is the founder and ceo of reputation.com and he is i think the youngest ceo on the fix the debt commission. >> i think. >> you said when a butterfly flaps its wings in washington dc there is p

which means around $4 billion less for small businesses that depend on government contracts and the sbaeneurs and help them compete for those government contracts. founder and ceo of reputation.com is -- i think you are the youngest crow on the fix the debt commission. >> i think so, yeah. >> you have said that when a butterfly flaps its wings in washington, d.c., there is the potential of an economic typhoon in silicon valley. tell me what that means. >> that's a very important question. look, when congress is not able

there's sba loans. they applied for one and waiting to get it.and government organizations to go to. but keep in mind, i just want everyone to know, though there's money to be had, it's hard to rebuild. as i said, they have $100,000 worth of free work out there. when you hear an organization is donating $1 million to a community, you know, that's a lot but it doesn't help everyone. >> all right. cool story. you can learn more about it this week on "your business." every sunday, 7:30 a.m. right here on msnbc. thanks for stopping by. >> thank you. >>> searching for a man sucked in to a sinkhole tops the stories around the "news nation" this friday. today, a family near tampa, florida, heard a crashing sound and tound the 30-foot deep hole in a bedroom. a man had to be rescued trying to rescue his brother. crews have not found signs of life in the sinkhole. officials say the hole could grow even larger. >>> michigan's republican governor's declared a state of financial emergency in what was once the country's most prosperous city. the big "d" detroi

we had to take sba loans and second mortgages and those loans were not even paid off when we lost everything all over again. >> listening to this. there are people who say well maybe people shouldn't be living here. it's easy for me to say. it's not my home. if this is a place that flood three times in 32 months and as the climate changes there will be more floods, is there a feasible future? >> well, at this point i think we've all resigned to the fact that after we got hit for the third time, and we just can't keep doing this. our homes are no longer safe to live in. and so now we understand the only alternative that would be available to us would be for our homes to be bought out. >> that's absolutely -- that's something that was pioneered after the '93 floods. you had the town of arnold, missouri, a town in illinois, they bought out those towns, floodwaters returned two years later and they were flooded. >> national flood insurance program works like this, the private market wasn't offering flood insurance because it's very hard to assess the risk and very expensive. the government came

bill: how are advocates for traditional marriage hoping to sba the justices in this argument? >> reporter: they also feel very confident. they say marriage traditionally is very unique relationship. it is the foundation of civilized society. they think there are a lot of koppelling arguments to save the justices worth saving that and not redefining it. they think the confident that the justice will think twice about doing this, making such a big change in the foundation of america's culture. brian brown here for the national organization of marriage. >> reporter: i don't -- >> i don't think justice kennedy i don't think a majority of the justices will want to launch another culture war and respect the right of voters to decide their future, decide something as simple it take as man and woman to make a marriage. >> reporter: something unique the court is doing, they rarely do, release oral arguments audio you will hear the justices in their own voice. the decision is expected by june. bill: that is rare. we'll wait for that. thank you, shannon. enjoy the megaphone. >> reporter:

so there were a number of protests, which eventually led to 1989 sba rate, the only time in the history of the country to government agencies, the fbi and epa have raided another agency, department of energy. it's a very dramatic chapter in my book. i'll have to tell you the short version for now. i'm almost out of time, but i want to finish up here. i went to work at the plant in 1994 when i was a single parent of two little boys the mass of the planet look like at the time. i prepared a report sent to washington and there a lot of acronyms in this reports that i didn't understand at the time. one of them was not. missing unaccounted for plutonium and over the course of 40 years, rocky flats lost or misplaced within 3050 pounds of plutonium, which is remarkable when you think 1 millionth of a program can cause they help effect. workers have been good. i'll show a couple photos of people on the boat. this is charlie wilkes, a manager when i worked out there. marshall stewart on the production line. tamra smith who lived right down the street from me and she comes from a mourning family