5. Work with our foundations to create a loan guarantee fund for minority and early stage businesses working capital loans. The statistics on small business lending in Baltimore, especially loans to minority business, done by the 21st Century Cities Initiative at Johns Hopkins, point to a pathetic situation. The main impediment to business growth is lack of working capital to fund receivables and inventory. Banks have a hard time lending to small enterprises without collateral. The foundations in Baltimore should work hand in hand with our banks, particularly local community banks to create a loan pool for minority and small business working capital. The foundations would provide a back stop in the form of guarantees on the loans and share in the interest earned on the loans. It would produce investment earnings for foundations and acceptably risky loan growth for banks, and it would turbocharge minority business formation. The mayor needs to bring these groups together and say "it works in other cities, get it done here."