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California Economic Development Lending Initiative

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BUSINESS
November 28, 1995 | VICKI TORRES, TIMES STAFF WRITER
A $50-million loan pool has been established for small businesses and nonprofit corporations in California. The California Economic Development Lending Initiative, or CEDLI, is the largest community development corporation of its type in the country, said George Williamson, CEDLI's president and chief executive. Thirty-three California banks have joined the program, created by the nonprofit San Francisco Development Fund and the Federal Reserve Bank of San Francisco.
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BUSINESS
November 28, 1995 | VICKI TORRES, TIMES STAFF WRITER
A $50-million loan pool has been established for small businesses and nonprofit corporations in California. The California Economic Development Lending Initiative, or CEDLI, is the largest community development corporation of its type in the country, said George Williamson, CEDLI's president and chief executive. Thirty-three California banks have joined the program, created by the nonprofit San Francisco Development Fund and the Federal Reserve Bank of San Francisco.
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BUSINESS
October 6, 1999 | LEE ROMNEY and MARLA DICKERSON, TIMES STAFF WRITERS
A new lender is in town eager to finance small businesses that can't get in the door of conventional banks. The Oakland-based California Economic Development Lending Initiative opened its Los Angeles office on South Figueroa Street to increase its lending here, President George Williamson said. The statewide organization teams with banks and community lending groups to finance small businesses, many of them women- and minority-owned.
BUSINESS
April 14, 1999 | JUAN HOVEY
What do high school seniors bound for college have in common with business owners dreaming of expansion? Two things at least: Both need capital to get where they want to go, and they often overlook good sources close to home.
BUSINESS
October 3, 1995 | LEO SMITH, SPECIAL TO THE TIMES
Three Ventura County community banks have joined with more than 30 other financial institutions statewide to establish a network to lend money to small businesses, nonprofit organizations and other borrowers that ordinarily may not qualify for loans. Thousand Oaks-based Los Robles Bank, Channel Islands National Bank of Oxnard and Ventura's American Commercial Bank are participating in the California Economic Development Lending Initiative (CEDLI).
BUSINESS
February 6, 2001 | WALTER HAMILTON and LEE ROMNEY, TIMES STAFF WRITERS
U.S. banks continued to tighten lending standards as the economy softened in the last three months, deepening concerns that more businesses and consumers will find themselves unable to secure loans. The bank loan data, reported in a Federal Reserve survey issued Monday, raise the specter of a more serious credit crunch that could have dire effects on the economy.
BUSINESS
November 16, 2000 | JAMES FLANIGAN, TIMES SENIOR ECONOMICS EDITOR
Notices of rising loan losses by major banks Wednesday delivered a powerful signal that the economy is slowing, banks are cutting back on credit and small and medium-size companies are facing a tough winter ahead. Bank of America Corp., the nation's second-largest banking company, sent a chill through financial markets early Wednesday when it said its loan losses would double in the fourth quarter. The company, based in Charlotte, N.C.
BUSINESS
June 28, 2000 | KAREN E. KLEIN, SPECIAL TO THE TIMES
Q: I am a female, minority entrepreneur on the verge of opening my first day-care center. I would like to open a minimum of three such facilities. Do you have any suggestions on places that may be able to assist me financially? --Virgie Rentie, chief executive, Agape International Children's Learning Centers Inc. * Ai It is very difficult to get start-up financing for any enterprise, including day-care centers, because a new business is considered the riskiest lending proposition for a bank.
BUSINESS
October 14, 1998
Here are national and regional agencies, associations and training centers that help small businesses: Associations * American Franchisee Assn. Trade organization representing franchisees in all industries 53 W. Jackson Blvd., Suite 205 Chicago, IL 60604-3606 (312) 431-0545 http://www.infonews.com/franchise/afa E-mail: skeziosafa@aol.com * Asian American Economic Development Enterprises Inc.
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