Garufis: Bankers busy with second round of PPP
Banking & Finance, Banking Industry, Latest news, Op/Eds, Opinion, Small BusinessBy Janet Garufis It’s after 8 p.m. on April 27, the day the second tranche of PPP funding was made available by the Small Business Administration, and I’ve just completed our PPP update call with the dedicated group of Montecito Bank & Trust professionals who are responsible for making PPP a reality for hundreds of Read More →
Damooei: Poverty is a lethal human-made disease
Higher Education, Latest news, Op/EdsBy Jamshid Damooei What makes us human is an important question, and the answer is not always clear. If life is a microcosm of our natural world, what place does our way of life hold and where does economics appear on the scene? I have been wrestling with this question for a big part of Read More →
Garufis: Bankers want to fund small business loans
Banking & Finance, Banking Industry, Latest news, Small Business, South Coast, Tri-County Economy, Tri-County Public CompaniesBy Janet Garufis Last week, Henry Dubroff stepped out of his usual pundit role to share his impression of the Paycheck Protection Program rollout. I echo his sentiments and agree that it has been “a nightmare for many small business owners.” It has also been a challenging experience for many of your local bankers. I Read More →
Lisi: COVID-19 impacts values and acquisitions
Latest news, Op/Eds, Opinion, Small Business, South CoastBy James Lisi From Feb. 20 to March 20, the bond risk premium jumped two points. This jump was larger than any previous move over a one-year period. Well-regarded economists are forecasting 20 percent to 35 percent fall in Gross Domestic Product for the next few months. We have just exited the best market for Read More →
Steinfeld and Werth: Cannabis businesses are essential
Agribusiness, Central Coast, Health Care & Life Science, Latest news, Op/Eds, Opinion, Small Business, South Coast, Tri-County EconomyBy Amy Steinfeld and Alina Werth As a result of Gov. Gavin Newsom’s stay-at-home executive order, all but “essential” businesses have closed to slow the spread of the novel coronavirus. Cannabis dispensaries are one of a few retail operations deemed essential, along with pharmacies and grocery stores. And it’s not just dispensaries that have been Read More →
Chien: Now might be time for a small business loan
Banking & Finance, Banking Industry, Higher Education, Latest news, Law & Goverment, Small BusinessBy Chia-Li Chien Many states, including California, identified a list of critical sectors to remain operational during the COVID-19 crisis. The rest of us need to work from home or close our businesses until further notice. The stock market reacts to the uncertainty in this public health crisis volatilely. The ripple effect causes the federal Read More →
Decas: Port keeps goods flowing during pandemic
Health Care & Life Science, Latest news, Op/Eds, West Ventura CountyBy Kristin Decas There is no doubt, we are in uncharted waters. The COVID-19 pandemic has impacted many of our families and friends in the United States and globally. The Port of Hueneme appreciates the leadership of local agencies and government partners’ leadership who are tirelessly working to reduce the health impacts of the coronavirus Read More →
