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Los Angeles District Office

Success Stories

Success Stories

The U.S. Small Business Administration recently announced the Los Angeles District Office winners of their annual Small Business Week Awards competition. The Los Angeles SBA Office covers Los Angeles, Santa Barbara, and Ventura counties. James E. “Jim” Whitney of Burbank-headquartered First State Bank of California was selected as the 2004
Financial Services Advocate of the Year.

The Award was presented to Mr. Whitney at the SBA’s 23rd Annual Small Business Week Awards Luncheon held on Tuesday, May 25, 2004 at the Millennium Biltmore Hotel in downtown Los Angeles. The luncheon was presented by Bank of America and was co-sponsored by the Los Angeles Area Chamber of Commerce and the SBA.

James E. Whitney, Senior Vice President and Manager of the SBA Loan Division at Burbankbased First State Bank of California, was acknowledged as Financial Services Advocate for his tireless efforts to advance small business lending, particularly to the underserved and... Read More

There is a growing need for technical assistance to accommodate the dramatically increasing formation of business enterprises in the greater Los Angeles area. In its last fiscal year, the Los Angeles District Office (LADO) of the U.S. Small Business Administration (SBA) financed 4,600 small businesses in the amount of $1billion. To support a capital access program of this magnitude LADO is proud to rely on a varied network of technical assistance providers, who often shepherd the individual entrepreneur through myriad obstacles related to all loan processes. Los Angeles SBA District Director, Alberto G. Alvarado confirmed the value of the Agency’s resource partners saying, “Without SCORE, the SBDCs, Women’s Business Center, and our many other important resource partners, we could not possibly serve the number of small businesses that we reach out to on an annual basis. These entities are the technical assistance work horses, through whose collaboration the SBA’s mission goals are... Read More

What will a single father of two teenagers do to appease their yen for Wienerschnitzel hotdogs? A resident of Pico Rivera for many years, Ron Beilke had to pack his family into the van and trek to any one of several surrounding communities to enjoy these mouth-watering morsels. During these periodic food runs Ron often daydreamed about how wonderful it might be to have a Wienerschnitzel in his neighborhood. After much rumination he came to the conclusion that his city possessed the demographics that could certainly support its own Wienerschnitzel franchise.

But who would be committed enough to insure a successful restaurant project? Would he not be the best person for the job? After all, Ron was no stranger to the fast food industry, and he was fully acquainted with of the many challenges associated with a start-up restaurant. He had successfully operated five Chucke Cheese Pizza Time Theaters during a four year time span, and he had been a Multi-store Manager for Carl... Read More

Country Fresh Market, located in Historical Uptown Whittier, is a true success story. The specialty retailing food store is the brain child of Pete and Devon Jimenez and was started with proceeds from an SBA Pre-Qualification Loan, funded by Bank of America. A subsequent SBA guaranteed credit line was provided by B of A to help with working capital and operational needs.

Whittians flock to Country Fresh to avail themselves of the freshest vegetables, expertly butchered meat, bountiful grocery items, and many Hispanic Specialty items. Denizens from the surrounding municipalities rave incessantly about the homemade salsa, guacamole and heavenly carne asada; thus, the store has become a one stop gormandized excursion. Its regulars find the 8 a.m. to 8 p.m. 7 days a week very convenient and feel welcomed by the family-owned atmosphere and friendly customer service.

The market captures the essence of Trader Joe’s but with a Latin Touch. Its Hispanic delicacies are... Read More