LBA's Access to Capital a Success

Latin Business Association Hosts New Session of Popular Capital Access Program

LOS ANGELES, CA (PRWEB) July 16, 2004 -- The Latin Business Association (LBA) hosted the fourth session of its increasingly popular access-to-capital program, which matches entrepreneurs with investors. With nearly $1 billion in capital participating, the program is estimated to host the largest base of private equity investors in the nation committed to the underserved markets. Next session is on August 10, 2004, from 7:30 a.m.-10:00 a.m. at the City Club in Downtown Los Angeles.

The monthly sessions are quickly attracting new participants, such as MyMoneyPlus Board Member Ray Hernandez, who discussed the companys growth opportunities with the investment professionals. Earlier Blythe Jack, a principal of Rosewood Capital, discussed her firms investment in a fast-growing retailer with operations throughout the Western and Southeastern United States. After illustrating the unique partnership that occurs when a company is partnered with the right private equity firm, Ms. Jack received a solid round of applause for her inspiring presentation.

Engage Capitals President and CEO David Takata, a member of LBAs Finance Committees Advisory Board, said, The pent up demand for this program is staggering. We expected a strong response when the program was launched, but even our best expectations have been blown away." Emphasizing the LBAs satisfaction, LBA Board Member Ivan Cevallos stated, We couldnt be more pleased that our members are first in line when it comes to gaining access to key investor groups. The early success of this program is a great demonstration of the value of being an LBA member."

Partners for the program include Platinum Sponsor, Microsoft Corporation; and 1st PMF Bancorp, a nationwide commercial lender based in Los Angeles, California and a long-time supporter of the LBA. In addition, the Department of Commerces Minority Business Development Agency (MBDA) has formed a strategic relationship with the organization. Institutional investment groups participating in the program include Fontis Capital, Fulcrum Capital, Nogales Investors, Rosewood Capital, and Yucaipa Corporate Initiatives Fund.

About the Latin Business Association
The Latin Business Association (LBA), established in 1976, is the nation's largest organization representing the issues and concerns of Latino business owners. The primary purpose of the LBA is to promote the growth of Latino-owned businesses by fostering development opportunities, providing educational workshops, and formulating effective advocacy programs.

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