SBA Announces New Online Tool to Match Lenders to Entrepreneurs

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SBA Announces New Online Tool to Match Lenders to Entrepreneurs Community Outreach Chinese New Year 2015 Business Toolkit Access to Capital Heroes in the Fight: Meet Rick 6 things you need to know about the year of the Goat You Might Want To Take Another Wells Fargo Celebrates Year of the Ram Pass At Your Passwords with $50K in College Scholarships g Page 2 g Page 6 g Page 7 g Page 11 Vol 30, Edition 48 • FEBRUARY 19, 2015 Voice of Small, Emerging Diversity Owned Businesses Since 1984 • NEWS • INFO • BIDS SBA Announces New Online Tool To Match Lenders to Entrepreneurs Administrator Maria Contreras-Sweet an- nounced that the Small Business Administration “Effective today, LINC will bring (SBA) would launch a first of its kind tool on entrepreneurs and SBA lenders the federal agency’s website that will allow entre- together. There’s a hunger among preneurs looking for a small business loan to get entrepreneurs to find financing to matched with a SBA lender. This new tool, called LINC (Leveraging Information and Networks to get their business off the ground access Capital) will have small business owners fill or take the next big step in their out a simple online form of 20 questions and con- expansion plan. nect them with lenders within 48 hours. By di- rectly connecting with prospective borrowers, the agency will be able to provide more guidance and Maria Contreras-Sweet ensure more capital is reaching our nation’s entre- preneurs. ery day looking for term loans, equipment financ- “Effective today, LINC will bring entrepreneurs ing, lines of credit, invoice financing, and real es- and SBA lenders together. There’s a hunger among tate loans to help them hire and grow. If you have entrepreneurs to find financing to get their busi- a bankable business idea backed by good credit ness off the ground or take the next big step in and sound financial planning, the SBA wants to their expansion plan. The SBA stands there ready streamline the process for you to get the capital to help them, now with a few simple clicks,” said you need.” Contreras-Sweet. “Across the country, thousands of small business owners pound the pavement ev- g Continued on page 11 WGA & Congressman Cardenas Oppose Survey of California Comcast-Time Warner Cable Merger Small Businesses 2015 Congressman Tony Cardenas (CA-29) added California. If approved, the Comcast-Time War- right here in Los Angeles. While approval of this his voice to the growing list of public officials, ner Cable merger will drastically change the land- deal once seemed an inevitable outcome, the is- consumer groups and businesses that are opposed scape for media and broadband internet service in sues raised here today and over the last year make to allowing Comcast’s acquisition of Time Warner America. The pending merger between Comcast clear that the appropriate action for state and fed- Cable. During a briefing held at the headquarters and Time Warner Cable will enable an increased eral regulators is to say no to the merger,” added of the Writers Guild of America, West (WGAW) market dominance that will have a particularly WGAW president Chris Keyser. negative impact on diversity of content and mi- and attended by representatives of legislative offic- Presentations given by the WGAW, The Green- es from across the L.A. region, Cardenas officially nority communities,” said Cardenas. lining Institute, Entravision Communications stated his opposition to the deal. “Mergers that increase the power of content Corporation, Sports Fans Coalition, and Presente. “Today I announce my strong opposition to gatekeepers do not serve the interests of consum- org detailed the far-reaching effects the merger will The Center for Economic Development at CSU, the Comcast-Time Warner Cable merger. I ask the ers or creators. Comcast has already stated that if have on consumers, independent programmers Chico and the Northeastern California SBDC FCC, the DOJ, and the California Public Utili- the merger is allowed it will save money by pay- and content creators, diverse communities, sports network is seeking your help. Each year we work ties Commission to deny this merger because it ing less for content. This means that programmers fans, and businesses throughout the Southland. with Small Business California to conduct the is bad for consumers, will harm competition, will will have less money to invest in content, which New research conducted by the WGAW concludes largest annual survey of California Small Businesses. lead to less diverse content, more expensive cable means less creativity, less innovation and less prod- that should the merger take place, Comcast’s in- If you are a small business, would you please take and internet access, and will eliminate good jobs in uct. This could translate into fewer jobs, including creased buyer power as a distributor of television 3 minutes complete the survey at the link below. and the Internet will lead to higher prices for con- sumers, fewer content choices and less diverse and If you are are regional business association, innovative content. Virtually no one in the L.A. chamber or other group, could you please region will be left untouched by this mega-merger. forward this survey to your members. The more members who participate, the greater your voice L.A. Consumers are almost certain to face high- will be heard! er prices for cable and Internet service, more re- strictions on how they can access the content they Your input will be used to want and worse customer service. Local consumers shape policies and will have little choice but to accept this new real- resources to grow a strong ity because for 72 per cent of Los Angeles County residents living in Comcast’s proposed footprint, California Economy! Comcast will be the only choice for high-speed Link to the survey: broadband. www.surveymonkey.com/s/SBCAL2015 g Continued on page 5 2 SMAll BUSinESS ExCHAnGE February 19, 2015 - February 25, 2015 Community Outreach INSIDE THIS ISSUE: Heroes in the Fight: Meet Rick Community Outreach foundation. The group weekly group holds acupunc- Visit link below for the full article: See Page 2 » ture and massage sessions on a regular basis. For two www.sbeinc.com/resources/cms.cfm?fuseaction=news. years, Andrews even taught yoga to the group one night detail&articleID=1082&pageID=25 Sub-Bid Request Ads a week. See Page 3-5, 11-12 » NORTHERN CALIFORNIA Beijing Ready to Start Building $8B Universal Studio Theme Park SUB-BID REQUEST AD See Page 3 » Chinese new Year 2015 See Page 6 » 2335 Broadway, Suite #300 • Oakland, CA 94612 (510) 903-2054 Business Tollkit Contact: Chet Brians • [email protected] See Page 7 » PROJECT: Transbay Block 9 LOCATION: San Francisco, CA lean in or BID DUE DATE: March 26, 2015 at 2:00 PM lean Together OCII project and 50% SBE / LBE goal Rick Andrews See Page 7 » SCOPE OF WORK: Bid Package Group 1: Rick Andrews is the coordinator for the • Mechanical Systems – Design/Build • Plumbing – Design/Build Public legal notices Positive Reinforcement Opportunity Project • Electrical – Design/Build • Fire Protection – Design/Build (PROP), a substance use treatment and counsel- See Page 8-10 » • Curtainwall Systems – Design/Build • Elevators – Design/Build ing program for gay, bi, and trans men and other men who have sex with men who wish to stop • Shoring Systems – Design/Build • Excavation, Remediation and Demolition Access To Capital or reduce their use of crystal meth or cocaine. In • Dewatering Systems See Page 11 » the five years since Andrews started coordinating Proposing Subcontractor/Supplier the program, he’s brought increasing numbers You are hereby invited to submit a bid proposal to provide labor, material and equipment as nAMC presents of men into the program — and in some cases, necessary to perform the Work according to the your respective discipline per the helped to keep them on afterwards as volunteers corresponding Bid Package(s) listed above for the Transbay Block 9 located in San Francisco, Biz Behind the Hammer or paid staff. California. Your bid is to be in based on the Contract Documents, as prepared by SOM, and other Bid “Back Office Operations “There have been a lot of success stories from Instructions, Contract Appendices, and Attachments. Series” PROP,” Andrews says. “Many people have made KEY DATES/INFORMATION See Page 12 » lasting and positive changes — not always to- PRE-BID MEETING: March 5, 2015 at 2:00PM tal abstinence — bringing them to a safer and LOCATION: San Francisco Branch Library healthier place in their lives.” Subscription Form Park Meeting Room See Page 12 » Andrews has been able to start — and expand 1833 Page Street, San Francisco, California — the PROP program over the years to meet the LAST DAY FOR RFI’S: March 18, 2015 at 4:00PM varied and extensive needs of his clients. With FINAL ADDENDA: March 20, 2015 at 4:00PM over 70 men enrolled since July of this year, and BID PROPOSALS DUE: March 26, 2015 at 2:00PM over 400 since the program’s inception, he’s ob- viously doing something right. Bid Documents and other pertinent information can also be downloaded directly from Balfour Beatty Construction’s Egnyte site at the following link: His impact on PROP even extends to his transforma concept. It’s so satisfying to see guys Link to bid documents: Link to prequalification site: who come in for our services start to take better https://bbcus.egnyte.com/fl/3wucvVl4z2 www.balfourbeattyus.com care of themselves,” he says. Four years ago, he started the Healing Arts drop-in group at the Plans and Specs. are also available at Balfour Beatty Construction office. Editorial Staff Publisher:
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