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Presented by Tim Johnson

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

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Presented by Tim Johnson

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  1. Small Business Non-Bank Revolving Loan Funds in California:Their Challenges and Opportunities to Enhance the Economy Presented by Tim Johnson Small Business Non-Bank Revolving Loan Funds in California

  2. 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

  3. 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

  4. 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

  5. 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

  6. 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

  7. NEXT STEPS IMPLEMENTATION Small Business Non-Bank Revolving Loan Funds in California

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