Garufis: Bankers busy with second round of PPP
By 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 →
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 →
HyperSolar partners with Fluor on pilot hydrogen plant
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EVC launches online tool to help companies attract workers
San Luis Obispo County-based Economic Vitality Corporation has launched an online platform to connect regional businesses with new workers. The economic development nonprofit said April 29 the tool will help Central Coast companies attract and retain new employees from the area and farther out. “Local businesses aiming to hire talent from elsewhere are challenged to Read More →
COVID-19 taking toll on Santa Barbara County
Santa Barbara County is being hit hard by COVID-19 on multiple fronts, but as with previous disasters, recovery is possible. It’s just going to take a while, and the recovery won’t be enough to save all of the businesses that have been affected. In a webinar on April 16, experts in several fields joined Peter Read More →
Banks ramp up loans to tri-county small businesses
It’s not too late for tri-county small businesses to get financial aid from the government to help offset COVID-19 losses. President Donald Trump signed a $484 billion relief package bill April 24 containing the awaited second wave of Payroll Protection Program funding. The program originally had $349 billion for small businesses but ran out of Read More →
Tri-county manufacturers up to COVID-19 challenge
Manufacturers are finding niche opportunities as Central Coast operations pivot to serve essential industries like health care in order to survive a deep downturn. The shift has resonated throughout the supply chain as manufacturers aim to retain all-important relationships. “The challenge isn’t just in operating, keeping your doors open, it’s keeping supplies and components coming Read More →
