RAW
INTERNATIONAL
Roland Wiley (www.rawinternational.com) was a top architectural
designer at an established firm in Los Angeles. However,
he realized there would not be anymore growth opportunities
for him in the company. This convinced him to leave the
prestigious position to become an entrepreneur. He formed
a partnership with Steven Lott and created an architectural
company called RAW INTERNATIONAL, INC. in 1984. And later,
a third partner also joined the firm. Roland was filled
with passion for the business but needed more capital
in order to succeed. He secured a $250,000 loan from Bank
of America, which significantly strengthened the company’s
financial position and enabled it to grow. Over the next
decade, Raw International would design for clients such
as Dreamworks Studios and Compton Community College. However,
one of his partners, Steve Lewis, left the company to
pursue a government career in 2004. To aggravate the situation,
Raw International lost 50% of its business in the same
year when its biggest client, Los Angeles International
Airport, did not renew their contract. Nonetheless, Roland
is committed to overcoming these obstacles. He is currently
working with Bank of America to help Raw International
rebound financially.
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LATINO
MUSEUM
THE LATINO
MUSEUM opened its doors 13 years ago. Its objective is
to educate people about the Hispanic culture through art
exhibition. Helping the non-profit organization to fulfill
its mission was Bank of America; they leased and later
donated a building to house the displays. In 2004, the
city of Los Angeles invoked imminent domain and seized
the structure. This was a mixed blessing because the museum
was given $5,000,000. Stan Sosa (323-780-7231), a managing
board, is strategizing to revive The Latino Museum. He
is teaming up with Bank of America to acquire a new building.
Stan is also planning to open satellite museums in regions
with a dense Hispanic population over the next five years.
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In Secrets of Success, Rev. Mark Whitlock (markw@corchurch.org)
of Nehemiah Corporation gives advice on how to proactively seek
financial solutions for your business.
The studio guest is Rodney Banks (john.g.manganiello@bankofamerica.com),
Business Banking Executive, Pacific Southwest Region of Bank
of America. He talks about how a banking alliance can help a
business overcome growth and credit obstacles.
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