AAPA Virtual IdeaTalks – Small Business: Liquidity Options

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Date/Time
Date(s) - 05/23/2020
11:00 am - 12:00 pm

Categories


Virtual Session:  Register HERE

Synopsis:

We’re noticing that the traditional banking model may no longer be the right fit for small businesses as there are more businesses that requested financial assistance than there were businesses who actually received it. For those who did not apply or receive the PPP loan, what are the solutions or alternative options for lending? How are small businesses of color impacted by these relief options, traditional banking, and how are they to recover? Join us as we have an open and candid conversation about other creative liquidity options and how to position ourselves for recovery as a community.

Partnership/Audience:  small business

Speakers:

Sean Salas, CEO and Co-Founder of Camino Financial

Sean Salas is the CEO and Co-Founder of Camino Financial, an online finance company focused on lending to Latino-owned businesses with unmet credit demand of $6.8 billion. Sean is often featured as a commentator discussing FinTech and Latino entrepreneurship, including appearances on Univision and CNN. Most recently, Sean appeared as a business expert on a reality TV show, Emprendedores, broadcasted on Discovery Channel (en Español).

Sean is the son of an entrepreneur who opened over 30 restaurants, yet unfortunately lost her restaurant chain. With a mission to empower underserved small business owners to succeed, Sean and his twin brother co-founded Camino Financial. As CEO of Camino Financial, Sean has built a team of 50 employees, fundraised over $120 million in equity and debt, and spearheaded numerous strategic partnerships to deploy hundreds of millions to underbanked businesses.

Previously, Sean worked in private equity and investment banking. Throughout his experience, Sean oversaw four portfolio companies with combined revenue of over $250 million, invested close to $50 million in direct equity investments, and structured $1.1 billion in debt financings. Sean holds an MBA from Harvard Business School and a BA from UC Berkeley.

 

Dean Bui, Senior Vice President, Group Product Manager, Marketing & Product Strategies, City National Bank

As Senior Vice President, Group Product Manager at City National Bank, Dean leads a product team that focuses on small business and consumer loan products. Dean and his team are responsible for developing new products and product promotions to accelerate lending growth, leverage technology to provide a better client experience and gain efficiency.

Prior to joining City National Bank in 2016, he worked at East West Bank as First Vice President and Group Product Manager for Treasury Management Services and at Union Bank as Vice President, Senior Product Manager for Treasury Management Services.  With 20 years of product management experience that began as a college intern, Dean has managed personal and business deposit products, treasury management services, and loan products.  He has an MBA in Entrepreneurship and a Bachelor’s degree in Marketing Management from the California State Polytechnic University of Pomona. He also volunteers and had taught as an adjunct professor at his alma mater. In his spare time, he enjoys spending time with his two sons ages 7 and 5, and reading a good book.