5 million in loans, an amount that will be supplemented by loan guarantees available through programs administered by the federal Small Business Administration, the city of Los Angeles, the California Trade and Commerce Agency, the Economic Development Administration, the California Economic Development Lending Initiative and VEDC.
Hosted by the California Economic Development Lending Initiative (CEDLI) and California Resources and Training (CARAT), the awards will be presented at a ceremony on Oct.
He has received numerous awards for his commitment to the community, including a Lifetime Achievement Award in 1998 from the Los Angeles Neighborhood Housing Services, an award for Outstanding Leadership and Innovation in Community Development in 2001 from the California Economic Development Lending Initiative, and a Good Scout Award last year from the San Francisco Bay Area Council Boy Scouts of America.
He has also served on the board of directors and as chairman of the investment committee for the California Economic Development Lending Initiative, as well as the finance chairman of the Boy Scouts of America's San Francisco Bay Area Council.
Products include: - Business Checking Accounts - International connections and - Lines of credit services, including correspondent - Cash management services accounts and letters of credit - Deposit services - Merchant card services - Retirement plans/trust services - Account reconciliation service - Specialized programs: -Urban Enterprise Banking (for women- and minority-owned firms) -Asian Markets (for businesses interested in Pacific Rim trade) -Agribusiness Centers (6 in the Central Valley, and 1 in Imperial Valley) -Banking services for professionals (including attorneys, physicians, accountants and home-based consultants) -Government Programs participation: -CEDLI -- California Economic Development Lending Initiative -SBA -- U.
The bank has also allocated $2 million per year for Community Development Investments, including, as examples, investments it has made in the Neighborhood Development Bank (San Diego), California Economic Development Lending Initiative, Family Savings Bank and the Community Bank of the Bay.
11, 1995--Comerica Bank-California announced today it is participating in a $50 million lending program, California Economic Development Lending Initiative (CEDLI), established to provide financing for capital-starved small businesses and community development organizations throughout California.
2 million in capital, by far the largest commitment of any California financial institution or corporation, to the California Economic Development Lending Initiative (CEDLI).
