Show Me The Money - February 21, 2010 - Segment One

Show Me The Money - Even with several indicators showing recovery for the economy, many industries are asking how can I start a business and where can I get capital to start? Caller Forescee Hogan Rowles, President and CEO of Los Angeles’ first public private partnership nonprofit economic development corporation, Community Financial Resource Center (CFRC), has valuable information on how to utilize their services to get funding. CFRC is the only comprehensive financial services center dedicated to servicing the needs of distressed communities in Los Angeles County. Check out their website at www.CFRC.net or call 323-233-1900. They offer loans in the categories of “mirco” loans (pure start ups from $500-$5,000); “seed” loans to businesses with at least one year of tax returns ($5,000 to $30,000); and “expansion” loans up to $300,000 for businesses with at least 3 years of tax returns.

2Minutes&More with Betsy Berkhemer and Renee Fraser airs every Sunday at 1pm on KFWB NEWS TALK 980. Tune in for a full hour of tips for business success.