SBA February News and Events - San Diego District Office

Having trouble viewing this email? View it as a Web page.

February 2017

San Diego District Office Newsletter

Brought to you by the U.S. Small Business Administration

Table of Contents
(Click on the linked title below to go directly to the section/article.)

SBA San Diego Recognizes Top Local Lenders at an Awards Luncheon

SBA District Director Ruben Garcia presents awards to each lender, in photos below.

Photo: Ruben Garcia and Charles Tarquini

Community  Valley Bank recognized for Largest Dollar Amount & Number of
7(a) Loans amongst
Small Sized Banks,
accepted by
Charles J. Tarquini
Executive Vice President &
Chief Lending Officer 


Bank of Southern California recognized for
Largest Dollar Amount & Number of 7(a) Loans amongst Medium Sized Banks,
accepted by
Tom Welch
Senior Vice President,
SBA Manager

Photo: Ruben Garcia and Tom Welch

Photo: Ruben Garcia and Steven Doss - 7a

Wells Fargo Bank 
recognized  for Largest Dollar Amount & Number
of 7(a) Loans amongst
Large Sized Banks,
accepted by
Steven Doss
Senior Vice President
Regional Sales Manager


CDC Small Business Finance recognized for Largest number &
Dollar volume for CDC’s,
accepted by
Kurt Chilcott
President & CEO

Photo: Ruben Garcia and Kurt Chilcott

Photo: Ruben Garcia and Steven Doss - Third Party

Wells Fargo Bank
recognized as
Third-Party Lender of the Year, accepted by
Steven Doss
Senior Vice President
Regional Sales Manager


The event was coordinated by SBA Lead Lender Relations Specialist Maria Hughes in conjunction with the CDC Small Business Finance. SBA District Director Ruben Garcia provided opening remarks; Maria Hughes moderated the event and Neil Senturia, venture capitalist, author, entrepreneur, and news columnist, provided a keynote speech on The Entrepreneurial Characteristics of Borrowers. In addition, Kurt Chilcott, President & CEO, CDC Small Business Finance provided a NADCO Report and Gary Youmans, Senior Vice President at First Choice Bank in California gave a NAGGL Report. Carlos Figari, Director, SOCAL VBOC gave an update on SBDC/VBOC activities and Jocelyn Celaya, President of The Entertainment Small Business Alliance gave a brief presentation on the entertainment loan program.


Bank Employee Recognized for Assistance Provided to Service Disabled Veteran Sub-Contractor

Photo: Maria Hughes, Terri Nutter and Jill Andrews

Photos above - SBA Lead Lender Relations Specialist Maria Hughes (left) and Deputy District Director Jill Andrews (right) present award to Terry Nutter of CIT Bank (center)

More than a year ago the San Diego District Office was contacted by a local company who was a subcontractor on a large federal job over prompt payment issues. The subcontractor completed his contract and was not getting paid. This was further complicated by the fact that the sub-contractor had a SBA Loan which was collateralized by his equipment and personal residence. It would have been easier to write off the loan and collect what the bank could, Terry Nutter of CIT worked with the borrower and SBA to establish payment plans and keep his home out of foreclosure.

The SDDO is pleased to provide recognition to Terry and CIT for the assistance they provided. The award was presented at the Lender Awards Luncheon on February 8 and again on Feb 27 at a CIT SBA Staff Meeting. Maria Hughes, Lead Lender Relations Specialist and Jill Andrews, Deputy Director attended the CIT Staff meeting. Maria Hughes worked with the bank and borrower for more than a year to find remedies.

Background Info: There are three pieces of federal legislation that require Prime Contractors to pay subcontractors in a timely manner. These well intentioned provisions can be circumvented and often are by the Prime Contractor. The most common reasons for non-payment are, not closing out the contract, a dispute on the project, or failure to get change orders approved.


Southwestern College Ribbon Cutting for the Center for Business Advancement

Photo: Rachel Fischer, Marquise Jackson, Victor Castillo and Ruben Garcia

Photo above: (left to right) Rachel Fischer, Director, San Diego Procurement Technical Assistance Center: Marquise Jackson, Regional Director, Small Business Development Center San Diego and Imperial Valley Network; Victor Castillo, Director, San Diego Center for International Trade Development and Ruben Garcia, SBA District Director, San Diego.

Photo: Ruben Garcia and Congressman Juan Vargas

Photo above: (left to right) Ruben Garcia, SBA District Director, San Diego with Congressman Juan Vargas at the CBA ribbon cutting event.

Ruben Garcia and Cynthia Harris, SBA District International Trade Officer, San Diego attended the ribbon cutting ceremony for the Center for Business Advancement, at Southwestern College, in support of these important small business resource organizations and the South San Diego SBDC, which are now all housed within the CBA.

Read more about the CBA and the ribbon cutting event >>


How to Prepare for a Trade Show Workshop

Photo: Monica RosasPhoto: Cynthia HarrisPhoto: Victor Castillo


Photos above: (Top) Monica Rosas, International Trade Consultant, San Diego CITD; (Middle) Cynthia Harris, SBA District International Trade Officer; and  (Bottom) Victor Castillo, Director, San Diego CITD.

The San Diego Center for International Trade Development in conjunction with the SBA San Diego District Office conducted a workshop designed to provide guidance in finding and preparing for international trade shows. Monica Rosas was the main presenter. Cynthia Harris provided an overview of SBA programs and services and Victor Castillo, gave an introduction of San Diego CITD services, as well as the California State Trade Expansion Program (STEP) and upcoming events.

Congressman Scott Peters Visits SBA's San Diego District Office

Group Photo: SBA San Diego District Office employees with Congressman Scott Peters

Photo above: (left to right) SBA San Diego Office staff Cynthia Harris, Carlos Liu, Maria Hughes, Merica Lim, Jill Andrews, John Engstrom, Congressman Scott Peters, SBA's Ruben Garcia and Mike Sovacool.

Photo: Congressman Scott Peters visiting with SBA staff members.

Congressman Peters provided SBA staff with an update on current congressional projects.


SBA Economic Injury Disaster Loans Available to California Small Businesses

Small nonfarm businesses in 32 California counties and neighboring Arizona and Nevada counties are now eligible to apply for low‑interest federal disaster loans from the U.S. Small Business Administration. These loans offset economic losses because of reduced revenues caused by the drought in the following primary counties beginning Jan. 1, 2017, announced Director Tanya N. Garfield of SBA’s Disaster Field Operations Center - West.  

Primary California counties: Calaveras, Fresno, Inyo, Kern, Kings, Los Angeles, Madera, Mariposa, Merced, Mono, Monterey, Orange, Riverside, San Benito, San Bernardino, San Diego, San Joaquin, San Luis Obispo, Santa Barbara, Santa Clara, Stanislaus, Tulare, Tuolumne and Ventura; Neighboring California counties: Alameda, Alpine, Amador, Contra Costa, Imperial, Sacramento, San Mateo and Santa Cruz; Neighboring Arizona counties: La Paz and Mohave;
Neighboring Nevada counties: Clark, Douglas, Esmeralda, Lyon, Mineral and Nye.

Read more >>


SBA Blogs

Image: Graphic of people working together at a table with laptops, and notepads.

Read More Blogs at: https://www.sba.gov/blogs


SBA National News

Photo: Linda McMahon

Photo above - New SBA Administrator Linda McMahon

More news here >>


Help Us Spread the Word!

Share This Newsletter with Your Business Connections, Family, and Friends

Image: Mail Icon (blue background)


Click Here to subscribe to the San Diego District Office E-Newsletter, for SBA program updates and event notifications. 

To subscribe to receive email updates from an office near you Click Here. 

2016 Small Business Resource Guide for San Diego and Imperial Counties

Image: 2016 San Diego Resource Guide Cover Page

(Click on image to view our 2016 Resource Guide online.)


Articles, photos, and linked information included in this newsletter are for informational purposes only and do not indicate an endorsement by SBA of the views, opinions, products or services of any person or entity. All SBA programs and services are extended to the public on a nondiscriminatory basis.


Upcoming Events

Export University Session 1 of 6
Is Exporting for Me?
Wednesday, March 15, 2017
8:30 a.m. - 12 p.m.
Southwestern College Higher Education Center, Multipurpose Room, 880 National City Blvd.
National City, CA 91950
Cost: $15 per session
Event Contact: San Diego CITD
(619) 482-6393


Join us
March 21, 2017

Increasing your supplemental income-Top ways to generate revenue in 30-60 days
 from 10 a.m. to 12 p.m.
and
Influential Networking and Selling: How to grow your business and increase revenue in 30 days
from 1:30 p.m. to 3:30 p.m.

Both presented by Tony Wilkins
 at the SBA Office Downtown
San Diego


7th Annual SBA Southern California 8(a) and Small Business Conference
April 12, 2017
8 a.m. - 3:30 p.m.
Hotel Irvine
17900 Jamboree Road
Irvine, CA 92614
Early Bird Price: $60/Reg.: $80
Event Contact:
SBA Santa Ana District Office
714-550-7420


SAVE-THE-DATE
April 19, 2017
Ramona SBA Day and
Lender Fair
9 a.m. - 2:30 p.m.
Ramona Library
1275 Main Street
Ramona, CA 92065


SAVE-THE-DATE
June 13, 2017
Small Business for Military Spouses Workshop
9:30 a.m. - 12 p.m.
Oceanside
Chamber of Commerce
928 N. Coast Highway
Oceanside, CA 92054
Event Contact: John Engstrom
619-727-4872




SBARadio Show Banner - Ruben Garcia

Every Thursday
11AM - 12PM
(Click Here to listen to the show or hear archived shows)

Listen to These Recent Shows: