Our view: Unemployment insurance fund needs to be fixed
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Tri-county businesses grapple with COVID-19 legal liability issues
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PPP problems persist as tri-county banks try to make more loans
The Payroll Protection Program’s second round of funding started on April 27, but some of the issues from the first round are vexing Central Coast bankers and borrowers. Among technical problems, the Small Business Administration’s website has crashed, limiting the number of applications banks can process at one time. Additionally, financial regulations meant to guard Read More →
More questions than answers as PPP runs out of loan funds
Questions remain as the Small Business Administration ran out of funding for the Payroll Protection Program on April 16. The fund started with $349 billion, which was quickly loaned out to businesses across the nation — but not to everyone at the same time. Independent contractors and self-employed people were able to apply for the Read More →
Discovery Ventura co-founder faces fraud, theft charges
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Chien: Now might be time for a small business loan
By 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 →
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 →
