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Getting a Deal funded is OUR Goal: LOAN SALE!!! |
In this issue: • Getting a Deal Funded is our Goal: LOAN SALE!!!
• A Deal to Consider
• Board of Directors News
• About SFV-FDC |
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Our goal is to meet the financing needs of the client and assist the financial institution meet their lending goals. The quicker we turn the deals around, the quicker the loan/line of credit gets funded. To insure a quick turnaround, we are implementing a pre-approval letter of intent. We are also offering the following: |
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- 1% loan guarantee fee* (regularly 2%) - $100 documentation fee* (regularly $250) - 48 hour pre-approval/turnaround |
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Take advantage of this great offer now!!! *Valid only until June 30, 2006 |
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A Deal to Consider |
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The San Fernando Valley Financial Development Corporation (SFV-FDC) assisted in financing a $100,000 line of credit to a fashion retail business located in West Hollywood. The Line of Credit will be used for working capital and inventory. |
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Linda McNair Fashions is a women’s apparel boutique offering high-end exclusive, one-of-a-kind, or special occasion garments and accessories by designers such as Badgley Mischka, Rickie Freeman, and Paule Vasseur whom Linda McNair has exclusive distribution rights, to affluent shoppers age 25 and up. The boutique also provides personalized services such as custom fitting, jewelry and tracking down special needs of its clients. Based on track record and nature of the business, this loan request would have been declined with one or more parameters in Wilshire State Bank’s credit policy not being met. However, by taking the owner’s residence and the State Loan Guarantee, the deal was approved and funded. |
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Linda McNair is grateful for the help she received from the SFV-FDC and says, “I felt that everyone was on my side from beginning to end. This program is excellent for anyone that wants to start or expand their business.”
The business received the Line of Credit it needed to grow and the Bank gained a new banking relationship. A true win-win scenario!
Do you currently have a package that needs a cushion to make you feel more comfortable?
“Call us for a State Guarantee!” 818-834-9860
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The SFV-FDC would like to introduce to you: |
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RAUL BOCANEGRA as new Chairman of FDC’s Board of Directors - Mr. Bocanegra began his career in public service as an educational counselor at the University of California, Los Angeles. After completing a graduate program at UCLA’s School of Public Policy and Social Research, Mr. Bocanegra worked in the office of City of Los Angeles Councilmember Rita Walters as Chief Deputy where he helped secure federal programs and city services for the 9th Council District, roughly in the area of Downtown Los Angeles and South Los Angeles. Mr. Bocanegra has a long history of community service in the Northeast San Fernando Valley. He has worked and/or volunteered for various groups including: Northeast San Fernando Valley Health Corporation, MEND, Santa Rosa Church Youth Leadership Council, and Pacoima Partners. He obtained a B.A degree in Political Science and a Masters of Arts in Urban Planning from the University of California, Los Angeles (UCLA).
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ROBERT HOLGUIN as new member of the Board of Directors - Mr. Holguin has over 20 years of experience in manufacturing, retail and publishing environments as well as non-profit organizations, with a high rate of success in the companies he has worked for. Mr. Holguin holds an MBA from the University of Phoenix, with concentration in business operations and strategic planning. He is also Chairman of the Pacoima Federal Development Credit Union Supervisory Committee, Adjunct Professor at Cal State University, Northridge and sits on various boards such as, El Proyecto del Barrio and the Economic Alliance, among others. |
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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. |
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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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