we also have a lot of our wells fargo team members. they are here. they want to get to know you even more so that we can serve you better. tonight, i want to especially thank mayor lee and supervisor ross for holding this event. it is so exciting that we get a part to play with this. thank you very much, and, have the new year, everyone. enjoy your evening. thank you. [applause] >> thank you very much, and thank you to wells fargo for supporting this event. i would also like to support other sponsors. i'm going to name them. applied technology and science, at&t, of joe engineers inc., and i also want to thank everybody who helped this program. you know who you are. i cannot see it, but everyone who helped. a lot of people held this program. special thanks, of course, to mayor ed lee and his office. thank you all for helping us to put this together. please don't leave. i do not want to be accused of standing between you and the entertainment. the entertainment segment is going to start. we will have dances and songs, and after that, we will ask you to

next is marked with wells fargo. >> hello, i work for wells fargo bank. i cover the northern california region. i usually focus on about $350 -- $350,000 of sbe loans. last year, for 2010, i did 43 loans. so we are lending. i usually focus on six different types of loans. start-ups, business acquisitions, real estate purchases with ti's, working capital, a partner buyouts, business expansion. when i am looking at a potential loan, i use the standard five c's of credit. the first one is character. what we are looking for is a minimum score around 640. we would like to say no recent bankruptcy foreclosures, bankruptcies, tax liens. if we see a loan that has been modified, we would like to see a reason it was modified, what ever reason it may be. it cannot be, i did not want to pay that payment any more. the second c, conditions. basically, how precise will the money be used? we are looking at a business plan. when you look at a business plan, that is just a start up. we are looking to see where there will be the need for lending. if you are an existing busi

take pkg take pkg --jenae derose tiene un cargo ejecutivo en el banco wells fargo...te fin de semana trabajar codo a codo con los vecinos de mayfair. sot jenae derose ejecutiva en wells fargo "we are going to get her a new back door, it's gonna make it safer.." --una puerta trasera nueva y ms segura y la limpieza del garaje...est ser la primera vez que personal de un banco entra en una casa no para embargarla, sino para hacerla ms bonita y segura. sot jaime alvarado somos mayfair "por primera vez que estan entrando con otra idea no de sacar sus casas sino ayudar la gente para quedar su casa" --jaime alvarado es parte de somos mayfair, una organizacin comunitaria que critic a los bancos durante la crisis que dej a muchos sin vivienda.. --ahora, este grupo se ha aliado a wells fargo para echarle una mano a los vecinos, en la reparacin y remodelacin de sus casas. sot jaime alvarado pues que cambien su manera de estar con la comunidad no solamente para tumbar sus casas sino para ayudar a la gente a quedar en su casa. --11 mil voluntarios trabajarn en la remodelacin de una

take pkg take pkg --jenae derose tiene un cargo ejecutivo en el banco wells fargo...te fin de semana trabajar codo a codo con los vecinos de mayfair. sot jenae derose ejecutiva en wells fargo "we are going to get her a new back door, it's gonna make it safer.." --una puerta trasera nueva y ms segura y la limpieza del garaje...est ser la primera vez que personal de un banco entra en una casa no para embargarla, sino para hacerla ms bonita y segura. sot jaime alvarado somos mayfair "por primera vez que estan entrando con otra idea no de sacar sus casas sino ayudar la gente para quedar su casa" --jaime alvarado es parte de somos mayfair, una organizacin comunitaria que critic a los bancos durante la crisis que dej a muchos sin vivienda.. --ahora, este grupo se ha aliado a wells fargo para echarle una mano a los vecinos, en la reparacin y remodelacin de sus casas. sot jaime alvarado pues que cambien su manera de estar con la comunidad no solamente para tumbar sus casas sino para ayudar a la gente a quedar en su casa. --11 mil voluntarios trabajarn en la remodelacin de una

there will be mixers sponsored by wells fargo and the golden gate business association. we'll be having hours at the center on market street. a lot of these other neighborhood organizations will be having theirs as well that we. most of them are having them on tuesday night. saturday, the sidewalk sale throughout the city, i think everybody on this commission for approving the fee waiver. that is a huge deal. we thank you very much for that. we will have a spotlight on comcast, headline news. local headline news. it will be running for the next three weeks supporting small businesses. >> and also, commissioners, in regards to -- we have advertisements in the bay garden, san francisco magazine and wells fargo is doing promotions for shop your neighborhood. they are participating. this is something that's new and added. i think it's really exciting. to do that reinforcement of the activity that is happening targeting the consumer. most of it is targeted towards the business owner. and the business person. it is really targeting the consumer to support our businesses. >> if

they say a pair approached the victim at a wells fargo atm. when the woman refused to give them money and began to run to a nearby walgreens, the suspects fled. they are described as caucasian, male jooufls. in san jose they describe him as armed dangerous an on the loose. we are looking at the fugitive. police identified the inspect a murder yesterday morning. police say 22 dwreer-year-old m jesus hernandez killed a victim. police have not identified the victim has of yet and no moi motive has been released. >>> are they gearing up for a strike? they are not taking chances as the union wrangles over new contracts an the concessions and cuts that surely lie ahead. muni is taking a strike authorization vote. operators are not expected to strike this week, but the walkout is something negotiators are expectedo e usduring walks with management. if both sides reach an impasse than an independent arbitrator will be called in. >>> sacred burial ground or a parking lot. they received a temporary reprieve. it came hours before police were set to arres

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 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 certi

this is wells fargo lowest close since early december. and that's tonight's "market focus." >> susie: the new york international auto show opens this weekend in manhattan, and one automaker getting a lot of buzz is hyundai. sales for the south korean automaker are racing ahead of its american and japanese competitors. in march, it posted the best month ever, with sales surging 32%. earlier today, john kravcik, c.e.o. of hyundai u.s.a., told me about the company's strategy to build on that momentum. >> what's different about hyundai is we've got four cars now that get 40 miles per gallon standard, without any extra costs. >> susie: there's no question with with fast at $4 consumers are concerned about that. but are consumers coming into your showrooms or are they staying a way from buying all tomorrow? >> honestly, there is some confusion, and concern among car buyers right now. part of it is which car should i buy, you know. so a lot of them are looking for a solution that says i want great fuel economy, i would like still a roomy car, an

turns out there's seven gifted kids in ashley's class of nine. [ male announcer ] wells fargo.ith you when it's time to save. ♪ >>> unemployment in this country dropped to its lowest level in two years. the labor department is saying the unemployment rate in march dropped to 8.8%. the economy added 216,000 new jobs last month. analysts predict employers will continue to add jobs at roughly the same pace for the rest of the year. president obama is saying that's good news. but it's not enough. >> i will not be satisfied until every american who wants a good job can find one and every american gets a shot at the american dream. >> factories, retimers, healthcare, all -- retailers, healthcare all added jobs but 13.5 million americans are still looking for work. >>> the jobs report helped push the dow to its highest level in nearly three years. it was 12,419 midday and pulled back a bit and closed 57 points higher for the day. >>> automatic papers are supposed to make life easier. having payments withdrawn from your bank account electronically. but on the consumerwatch, julie watts

last but not least, we have our conditional lender represented here by wells fargo. mark cyrus is the senior fda banker for the region -- the senior sba banker. he held businesses choose the best loans for the growing business and focus on a comprehensive understanding of their goals for their business. mark is responsible for helping entrepreneurs with sba loans every step of the way. i would like each of you to speak a little bit about what your organization does and, more importantly, address the audience here and let them know what your looking for when you are hoping to fund their loan. we will start with you, mark. >> absolutely. thank you. i want to thank speaker pelosi for putting this together. i want to thank all of the of for coming out on a smell it -- snowy san francisco date. [laughter] we've been told we should get us know when we go back outside. not sure what to expect. second, i thank speaker pelosi for all the work she did to support the jobs act and before that, the stimulus bill, the original american recovery act bill that allows sba to be able

which was clear on the other side of town. [ male announcer ] wells fargo. with you when you're ready to move. hey marcel, watch this! [ buzzer sounds ] [ cheers and applause ] ♪ hey marcel, watch this! yeah, marcel! -marcel! -hey marcel! are you listening to me? marcel! [ male announcer ] only at&t u-verse lets you follow your favorite channels on one screen. just $29 a month for the first six months -- dvr included. in the network there are no hard choices. >>> nhl, the sharks tested in game 4 in los angeles tonight, let little doubt. staples center, the beckham family in attendance. not having a good time. they were routeing for los angeles. ryan clowe scores. 2 goals. 4 goals in his last two games. 3-0 sharks. murray saying come on, kings. all of a sudden it's a 3-2 game in the second. joe thorton in the third. down the middle. and a kiss for a crowd. first goal of the playoffs. 54 seconds later. joe makes it 5-2. 6-3 the final. that's 6 goals in back to back games for san jose and a sweep on the road of the los angeles kings. let's go to the locker room

which was clear on the other side of town. [ male announcer ] wells fargo.u when you're ready to move. gabe slate's tech report >>gabe: this is controversial. how will this impact to, tracking the device. tconsolidated dot d b storing location information from june 2010. if you seemed up toward the place with a computer? if using up your device with your computer? it using up your device. when you connect your ipad, your iphone, to itunes. this data is collected. randomly it is collected and often and is even an application has offered the same thing. some people seem to be having no problem with us. there are even ways to delete this from the application. however, the larger picture is that when you sinync up your device to itunes the information is transpired. >>pam: health frankgovernors are asking steve jobs why is this happening? requesting an answer by may 12th. >>pam: horizo for riseverizon hd their profits. with the addition of iphone. they are experiencing new profit gains with the new sales of iphone subscriptions. >>pam: this problem started overn