Next round of PPP loans rolling out to region’s banks
More than 1 million Paycheck Protection Program borrowers have already had their loans forgiven, to the sum of more than $100 billion, and the window to borrow more opens again soon. On Jan. 15, the U.S. Small Business Administration is reopening the PPP portal to financial institutions with less than $1 billion in assets. For Read More →
Read More →Ventura County sues 5 businesses for defying shutdown, could sue 10 more
The county of Ventura has sued five businesses for continuing indoor operations despite local and state health orders, and it has been given permission by the Board of Supervisors to file suits against 10 more. The county is seeking a temporary restraining order and preliminary injunction against each business, but no monetary damages. Over the Read More →
Read More →Second round of PPP loans headed to Tri-Counties
Another round of the federal Paycheck Protection Program opened Jan. 11, and the region’s bankers expect the money to help a lot of small businesses that have been struggling through the pandemic and pandemic-related restrictions. “We understand the urgency and the difficulty the business community is experiencing,” said George Leis, president of Montecito Bank & Read More →
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Broken Clock Vinegar Works is bringing Solvang a shrubbery
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Read More →Feds back away from fee for distilleries that made hand sanitizer
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Read More →State extends deadline for $500M in small business grants
The state of California has extended the application period for the first round of its Small Business COVID-19 Relief Grant Program until Jan. 13, after the initial deadline was plagued with technical issues due to high web traffic and large numbers of interested businesses. California’s Office of the Small Business Advocate, which is part of Read More →
Read More →State launches $500M relief program for small businesses
The first round of applications for California’s Small Business COVID-19 Relief Grant Program opened Dec. 30, a month after Gov. Gavin Newsom announced the state was giving $500 million in grants to small businesses and nonprofits. “Small business owners and our nonprofits serve as the economic heart of every California community,” Newsom said in a Read More →
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