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Congratulations for a successful FYE 6/30/06! |
In this issue: • Congratulations for a successful FYE 6/30/06!
• New Fiscal Year, New Fees for Lines of Credit
• Mark your Calendars! - FDC 5th Anniversary - Where’s the Money?
• About SFV-FDC |
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The San Fernando Valley Financial Development Corporation has successfully completed its 5th fiscal year approving state loan guarantees. SFV-FDC’s fiscal year end achievements are:
· $5,482,375 in total loans · $2,854,531 in total loan guarantees · 52% in average guarantee · 354 jobs retained and · 60 jobs created |
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FDC Staff (left to right) Felicia Boone, Antonio Pizano, Paola Macchiavello (sitting), Nilima Kapoor |
We express our thanks to the following banks for their contribution to a successful closure of another fiscal year:
Mission Valley Bank California Oaks State Bank Wilshire State Bank California United Bank Cedars Bank Center Bank Alliance Bank First Choice Bank First Federal Bank Guaranty Bank Hanmi Bank Telesis Community Credit Union Uniti Bank
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As always please call us to discuss any loan/line of credit that you may have that needs the “push” of our guarantee to pass your rigorous credit policy. |
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New Fiscal Year, New Fees for Lines of Credit |
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Effective July, 1 2006 the SFV-FDC’s new fee schedule for Lines of Credit is: |
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Mark your Calendars! 2 events coming up! |
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About SFV-FDC |
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Our mission is to provide an effective vehicle for guaranteed lending through the California Small Business Loan Guarantee Program to small businesses in the San Fernando Valley, North Los Angeles and Eastern Ventura Counties. |
The California Loan Guarantee Program enables a small business to obtain a term loan, line of credit, or letter of credit when it cannot otherwise qualify for a loan. The Office of Small Business administers the program with the primary objective of creating and retaining jobs, as well as providing a service to small businesses.
The program provides a lender with the necessary security, in the form of a guarantee, to approve a loan or line of credit. The guarantees are issued on behalf of the state by any of the non-profit corporations throughout California. These offices are called Small Business Financial Development Corporations (FDCs).
To learn how to make a deal work for you and your client, call Antonio
Pizano at (818) 834-9860 or check us out online at http://www.sfvfdc.org.
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SFV-FDC: 12502 Van Nuys Blvd., Suite 119, Pacoima CA 91331 818.834.9860 tel * 818.897.8007 fax * http://www.sfvfdc.org
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