Small Business Non-Bank Revolving Loan Funds in California

Small Business Non-Bank Revolving Loan Funds in California:

Their Challenges and Opportunities to Enhance the Economy

Presented by Tim Johnson

PURPOSE

• To ascertain the challenges and opportunities facing the Non-Bank RLF industry

• Identify and present recommendations that educate, encourage and enhance the RLF industry in its effort to increase wealth, business investments, jobs and incomes

Small Business Non-Bank Revolving Loan Funds in California

RECOMMENDATIONS

A Network for the Non-Bank RLF Industry in California

Move from an Ad Hoc to a formal Non-Bank RLF Industry Network

Identification of dedicated representatives from the Non-Bank RLF industry, through “Regional Steering Committees” to help in the initial formulation and sustainability planning of a physical network

Formulation of web-based platforms as tools for use by the Non-Bank RLFs Industry

  Small Business Non-Bank Revolving Loan Funds in California

RECOMMENDATIONS

Access to and Availability of Capital

Market the lending resources of Non Bank RLF Industry in California to enhance customer service

 Formulate and present forums and workshops by

and for Non-Bank RLFs through regional networks to educate, encourage and enhance the use and value of Non-Bank RLFs

Small Business Non-Bank Revolving Loan Funds in California

RECOMMENDATIONS

Business Operations Ensure that Technical Assistance is a component to all Non-

Bank RLFs programs in the state

Formulate a designation that illustrates a standard for services pertaining to technical assistance

Partner with Federal Reserve Bank, San Francisco to review, examine and possibly update recommendations on technical assistance from a Federal Reserve report completed in 2000

Small Business Non-Bank Revolving Loan Funds in California

RECOMMENDATIONS

Business Operations Identify and implement a loan training curriculum for Non-Bank

RLFs in California  Form Task Force to further measure the performance of the Non-

Bank RLF Industry in California   Review and examine with Non-Bank RLFs issues regarding the

need for a secondary market and corresponding activities   Review and examine the need for standardized loan documents   Small Business Non-Bank Revolving Loan

Funds in California

Small Business Non-Bank Revolving Loan Funds in California

NEXT STEPS

IMPLEMENTATION