Webinar Description:
Join CAMEO and learn how your CDFI can expand your microlending mission and impact faster through loan sales with the Entrepreneur Backed Assets (EBA) Fund and guarantees through the Cal Southern Small Business Development Corporation. The EBA Fund helps CDFIs reliably raise capital from their portfolio and generate a higher return than holding the loans. Loan guarantees allow CDFIs to better manage risk and increase lending. Explore how guarantees and EBA Fund work together.
Panelists:
Juan Carlos Hernandez, President and CEO of California Southern SBDC
Juan Carlos joined California Southern SBDC as the Chief Credit Officer/Senior Vice President in May of 2018; And was appointed as President and CEO of the organization on January 2021. Prior to joining Cal-Southern, Hernandez was Chief Credit Officer of ACCION San Diego from September of 2014 and was responsible for lending staff supervision and training, program development, underwriting, loan portfolio quality and management, loss mitigation and recovery; and participating in the development of bank and community partner relations.
Brett Simmons, Managing Director, EBA Fund/Revolve Asset Management
Brett Simmons is the Managing Director and Principal with Revolve. He has more than a decade of program, planning, and entrepreneurial experience across industries. As Director of Programs and Policy, he was instrumental in Accion Chicago’s efforts to expand lending more than 150% during the aftermath of the financial crisis. Since that time, he has worked with several start-up engineered systems companies and in operations strategy and planning for Cummins Power Systems, a fortune 200 manufacturing firm.
Funded [in part] through a Cooperative Agreement with the U.S. Small Business Administration