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[[Beverly Belcamino, Exec.V.P. & General Counsel, GE Money Bank] ]
[Hi, I'm Beverly Belcamino, General Counsel of GE Money Bank, located here in Draper, Utah. ]
[[Banking on Women Launch July 8, 2010 Salt Lake Community College]]
[I'm really excited to be here today at the first U.S. launch of ]
[the Banking on Women program. ]
[The Banking on Women program is a program that]
[helps women entrepreneurs with]
[mentoring and training in financial literacy. ]
[It's helped thousands of women]
[outside the U.S., and we're really excited to partner]
[here in Utah with the Utah Microenterprise Loan Fund]
[and Salt Lake Community College. ]
[[Kathy Ricci, Utah Microenterprise Loan Fund] I run the Utah Microenterprise Loan Fund, ]
[and we are a 501(c)(3) nonprofit organization. ]
[We're actually considered a community development]
[financial institution, and so we help people start or grow]
[businesses that are not able to get traditional bank ]
[We have so many women business owners here in Salt Lake and in Utah. ]
[It's one of the fastest growing segments of our business community.]
[[Betsy Burton The King's English Bookshop Owner] I own a bookstore called]
[The King's English Bookshop, and it's been around for 33 years. ]
[So we've weathered the chains coming]
[weathered everybody saying that ]
[independent bookstores are a thing of the past. ]
[We've come out really doing very well, indeed, and the chains not so well]
[in competition with Amazon, so we feel like]
[you should always take the long view]
[and hold onto your vision of what you think you should be doing.]
[[Blake Spalding Co-Founder of Hell's Backbone Grill] We have a line of credit with a bank, ]
[and this winter--we've always been ]
[in really good shape, and we've been debt-free--but]
[things shifted--well, it was 2009--]
[things shifted really dramatically, and we weren't quite prepared.]
[my bank and said I could use some more]
[Good thing there's alternatives. ]
[Programs like this one. >>Programs like this one. ]
[[Jim Matheson U.S. House of Representatives] Today represents a circumstance for various]
[partners that have come together to help create those]
[The challenge facing anyone trying ]
[to start a small business or grow a small business--]
[A dynamic marketplace, a lot of competition, ]
[and access to capital, of course, is always]
[and that's the big focus of this discussion today. ]
[[Pat Jones Utah State Senate Minority Leader] Mentoring our young women is]
[Women are twice as likely to launch new businesses today, ]
[so you certainly see that the effort is]
[there and the desire is there. ]
[In what you're doing, I am encouraging you to go for it]
[whatever your passion is, and as ]
[Thoreau said, "Whatever thou art, act well by part." ]
[[Tim Carfi, President & CEO GE Capital Financial] My name is Tim Carfi.]
[I'm the president and CEO of GE Capital Financial, ]
[which is GE's industrial bank]
[here in Salt Lake City, Utah. ]
[We're really excited to have this opportunity to participate]
[on behalf of GE Capital, partnered with ]
[the local community college and the UMLF to give this opportunity to ]
[We really feel strongly that it will provide women in our community]
[the opportunity to get the tools and the]
[mentorship that's necessary for them to succeed. ]
[[Banking on Women Partners][crowd noise]]
[[Utah Microenterprise Loan Fund, GE Capital Financial]]
