The Federal Reserve Board and the Federal Reserve Bank of San Francisco, in conjunction with the Small Business Administration and the Asian Pacific Islander Small Business Program, held a small business forum in Los Angeles focused on credit challenges facing small businesses on November 17, 2009.
The first panel focused on credit access issues and was made up of commercial bank representatives (from community banks to large banks), the SBA regional administrator, and a senior-level Federal Reserve Bank director of examinations.
The second panel focused on small business support organizations and included community development financial institutions (CDFIs) who provide both technical assistance and loans, a SBA certified development company (CDC), and state and local small business assistance entities. The event was well attended by more than 70 participants from commercial banks, the SBA, CDFIs, CDCs, and state and local government staff.
For the agenda, opening presentation and a summary of the themes and recommendations from the event, please open the presentations below.
Small Business Finance in A Recession |
| 8:30 am |
Welcome - Alberto G. Alvarado, District Director, U.S. Small Business Administration |
| 8:40 am |
Opening remarks: a national and regional view of small business lending
John Moon, Senior Analyst, Board of Governors of the Federal Reserve System |
| 9:00 am |
Private Sector Small Business Finance
A panel of financial institutions, the U.S. Small Business Administration, and a federal banking regulator discuss the challenges of getting credit to the street in the midst of a restricted credit environment. What are the critical issues and what innovative solutions are there to point the way forward? Facilitated Q&A session to follow |
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Moderator: Mike Mantle, Special Advisor, Morgan Stanley
Antonio Zate, SBA Regional Sales Manager, Wells Fargo Bank
Jason Kim, Chief Credit Officer, Center Bank
Julius Robinson, Senior Vice President, Corporate Social Responsibility, Union Bank
Alberto G. Alvarado, District Director, U.S. Small Business Administration
Jose Alonso, Director, Safety & Soundness Examinations, Federal Reserve Bank of San Francisco |
| 11:00 am |
Public and Nonprofit Sectors Small Business Finance
A panel of nonprofit small business lenders, technical assistance providers and local government discuss the challenges of getting credit to the street in the midst of a restricted credit environment. What are the critical issues and what innovative solutions are there to point the way forward? Facilitated Q&A session to follow. |
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Moderator: Alan Fisher, Executive Director, California Reinvestment Coalition
Michael Banner, President/CEO, Los Angeles Local Development Corp.
Roberto Barragan, President, Valley Economic Development Center
Mark Robertson, President, Pacific Coast Regional SBDC
Linda Smith, Executive Director. LA MBOC. Office of Mayor Villaraigosa
Cooke Sunoo, Director, Asian Pacific Islander Small Business Program |
| 12:30 pm |
Summary Recommendations and Closing |
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| Presentations: |
Credit Supply and Demand Conditions (PDF - 440KB) |
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