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词条 SAFE-BIDCO
释义

  1. History

  2. References

  3. External links

{{Orphan|date=April 2014}}State Assistance for Enterprise, Business and Industrial Development Corp, better known as SAFE-BIDCO, was a United States non-depository lender set up by the California State Legislature for financing of small business loans in California.[1] SAFE-BIDCO was based in Santa Rosa, California[2][3] until its closure in September, 2017.[4][5]

History

SAFE-BIDCO was established in 1981 to provide loans to small businesses for the purpose of manufacturing or purchasing alternative energy equipment.[4]

In 1986 its mandate was expanded to include non-energy-related loans to minority owned small businesses or exporting companies.[5]

In 1997, the organization expanded its mandate to serve State Loan Guarantees to Northern California. In 2011, SAFE-BIDCO was authorized to use state loan guarantee trust fund capital to help secure farm loans, guaranteed by the USDA.[6]

In April, 2017, the State Auditor released a report warning SAFE-BIDCO was at high risk of insolvency. The report also noted, "Despite its declining financial position, SAFE-BIDCO has imprudently spent its limited funds on questionable items such as continuing with a business development contractor that did not meet his performance milestones for several years. Additionally, during fiscal years 2011–12 through 2015–16, SAFE-BIDCO’s chief executive officer [Mary Jo Dutra] made 16 out-of-state trips and one international trip to Ireland."[7]

On September 15, 2017, the state Department of Business Oversight ordered the seizure of SAFE-BIDCO[8], announced plans to liquidate the state-chartered nonprofit, and appointed Robb Evans as Special Commissioner.[9]

On September 18, 2017, the state Department of Business Oversight seized SAFE-BIDCO.[10]

References

1. ^{{cite web|url=http://codes.lp.findlaw.com/cacode/FIN/1/d15.5/2/1/s32301|title=CAL. FIN. CODE § 32301 : California Code - Section 32301 |work=findlaw.com|accessdate=8 August 2014}}
2. ^{{cite web|url=http://www.northbaybusinessjournal.com/65398/banking-column-for-december-3-2012/|title=Banking: SAFE-BIDCO expands ag lending – North Bay Business Journal - North San Francisco Bay Area, Sonoma, Marin, Napa counties - Archive|publisher=northbaybusinessjournal.com|accessdate=2014-04-29}}
3. ^{{cite web|url=http://www.anaheim.net/article.asp?id=4145|title=City of Anaheim - Low-Interest Energy Efficiency Loan Program|publisher=anaheim.net|accessdate=2014-04-29}}
4. ^{{cite book|last=Kolanowski|first=Bernard|title=Small-scale Cogeneration handbook|url=https://books.google.com/books?id=8Jedakxqh3AC&lpg=PA75&dq=SAFE-BIDCO&pg=PA75#v=onepage&q=SAFE-BIDCO&f=false|year=2011|publisher=Fairmont Press|page=75}}
5. ^{{cite web|url=http://www.lao.ca.gov/reports/1989/473_0189_an_evaluation_of_the_states_alternative_energy_finance_program_safe-bidco.pdf|title=An Evaluation of the State's Alternative Energy Finance Progralll (SAFE-BIDeD)|date=January 1989|work=California Legislative Analyst's Office|accessdate=8 August 2014}}
6. ^{{cite web|url=http://napavalleyregister.com/business/columnists/beth-pratt/small-business-lending-local-forum-on-thursday/article_164e26d6-8570-11e3-af04-0019bb2963f4.html|title=Small business lending: local forum on Thursday|publisher=napavalleyregister.com|accessdate=2014-04-29}}
7. ^{{Cite web|url=http://www.bsa.ca.gov/pdfs/reports/2016-133.pdf|title=At Risk of Insolvency, It Needs Increased Oversight if It Is to Receive State Funding and Continue to Help Small Businesses in California Gain Financing|last=|first=|date=|website=|archive-url=|archive-date=|dead-url=|access-date=}}
8. ^{{Cite web|url=https://www.robbevans.com/assets/case-files/safebidcoorder01.pdf|title=Order Taking Possession of Property and Business|last=|first=|date=|website=|archive-url=|archive-date=|dead-url=|access-date=}}
9. ^{{Cite web|url=https://www.robbevans.com/assets/case-files/safebidcocert01.pdf|title=Certificate of Appointment|last=|first=|date=|website=|archive-url=|archive-date=|dead-url=|access-date=}}
10. ^{{Cite news|url=http://www.pressdemocrat.com/business/7435319-181/state-seizes-safe-bidco-will-liquidate?artslide=0|title=State seizes SAFE-BIDCO, will liquidate Santa Rosa lender|date=2017-09-18|work=Santa Rosa Press Democrat|access-date=2017-10-20}}

External links

  • Official website

1 : Companies based in Santa Rosa, California

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