California Code of Regulations
Title 10 - Investment
Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions
Subchapter 50 - Business and Industrial Development Corporations
Article 4 - Issuance of License
Subarticle 2 - Application
Section 50.3105 - Information Regarding Plan for Penetrating Market

Universal Citation: 10 CA Code of Regs 50.3105

Current through Register 2024 Notice Reg. No. 38, September 20, 2024

Describe the applicant's plan for penetrating the market which it proposes to serve. Such description shall include the following:

(a) Describe the services which the applicant proposes to offer to business firms, including:

(1) Types of financing assistance proposed to be offered, detailing, with respect to each type of financing assistance, the terms of such financing assistance (including, in the case of loans, interest rates, other fees, and maturities) and the proportion of its funds which the applicant proposes to devote to such financing assistance.

(2) Types of management assistance proposed to be offered, detailing, with respect to each type of management assistance, the scope of such management assistance and the fees proposed to be charged for such management assistance.

(b) Describe the manner in which, and the extent to which, the applicant proposes to cooperate with, and participate in, governmental programs for the purpose of providing financing assistance or management assistance to business firms, including programs administered by the Small Business Administration pursuant to Section 7(a) of the Small Business Act and Sections 501 and 502 of the Small Business Investment Act of 1958.

(c) Describe the manner in which the applicant proposes to market its services to business firms.

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