The California Southern Small Business Development Corporation’s members elected Rebecca Humphries, senior vice president at Endeavor Bank, to chair its board for a two-year term, it was announced Thursday.
“We are excited to have Rebecca as the elected chair,” said Juan Carlos Hernandez, president and CEO of the corporation. “Her knowledge of the State Guarantee Loan Program has allowed for her to provide access to capital to various businesses. In addition, her leadership in the banking community has been a resource to expand our services across the state of California.”
California Southern SBDC is a nonprofit chartered and regulated by the California Infrastructure and Economic Development Bank to provide loan guarantees to financial institutions.
“As a banker, knowing how to use California Southern SBDC services helps me advise my clients about the best way forward to securing a loan,” Humphries said. “I’m proud to lead this organization and help spread the word about our value proposition.”
The program emphasizes assisting small businesses by assuming a portion of the financial risk, particularly for minority and women-owned businesses that may not be able to qualify for a bank loan without a guarantee.
“Rebecca is a great example of a true community banker,” Endeavor Bank President Steve Sefton said. “She understands the importance of a financial institution’s role in empowering the business community around it. I’m confident she will be a great leader for California Southern SBDC.”
Humphries has served as a board member of California Southern SBDC for the past seven years. She is a resident of El Cajon.
–City News Service, Inc.
