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Enhancing Opportunities for Non-Bank Revolving Loan Funds in California's Small Business Sector

This report by Tim Johnson explores the challenges and opportunities facing the Non-Bank Revolving Loan Fund (RLF) industry in California. It aims to provide insights and recommendations for enhancing the sector's contribution to economic growth by promoting wealth creation, business investments, employment, and income generation. Key recommendations include establishing a formal network for Non-Bank RLFs, improving access to capital, and ensuring robust technical assistance programs for businesses. The report highlights actionable next steps for implementation to drive sustainable development.

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Enhancing Opportunities for Non-Bank Revolving Loan Funds in California's Small Business Sector

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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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