Banks struggling with PPP loans for tri-county small businesses
Last-minute rules changes and a messy rollout mean small businesses and nonprofits will have to wait a little longer to get the help they’ve been promised under the CARES Act. The $349 billion Payroll Protection Program, a key part of the act, went live on April 3, but few banks were in a place where Read More →
Read More →Dubroff: When it comes to the PPP, we’re not in it together
This does not feel like a team effort. I’m stepping out of my role as pundit this week and putting on my hat as a small business owner. And I am here to state that the rollout of the Paycheck Protection Program has been a nightmare for many small business owners. Every day I get Read More →
Read More →Pandemic kills demand for tri-county produce and cut flowers
COVID-19 restrictions that canceled events and shuttered restaurants have collapsed distribution chains for fresh fruit, vegetables and flowers grown throughout the Tri-Counties. Consumer demand plunged, growers said, as buyers prioritized shelf-stable goods like grains, pasta and frozen and canned foods, foregoing berries, leafy greens and cut flowers grown on the Central Coast. “(Agriculture is) an Read More →
Read More →COVID-19 layoffs skyrocket in Tri-Counties
In the first month after the novel coronavirus arrived in the region, tens of thousands of people in the Tri-Counties lost their jobs when their workplaces shut or slowed, and experts predict April and May will bring unemployment rates unseen since the Great Depression. The pandemic has touched every part of the tri-county economy, from Read More →
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Tri-county landlords can get relief from tax and fee payments
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Read More →Tri-county experts weigh in on CARES Act
The $2.2 trillion Coronavirus Aid, Relief and Economic Security Act that passed March 27 set in motion several measures in attempts to financially stabilize staggering businesses affected by social distancing and sheltered-at-home consumers. To weave through the complexities of the CARES Act and the collection of economic relief programs put in place, the Business Times Read More →
Read More →Few tri-county lenders ready to accept CARES Act loan applications
April 3 was the first day small businesses could apply for new programs under the CARES Act, but last-minute changes meant only a few financial institutions in the Tri-Counties were able to roll out those options on opening day. Through hard work and preparation, Montecito Bank & Trust was able to accept initial applications when Read More →
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