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 →
Our view: Oil price crash cause for celebration on Earth Day
As we approach the 50th anniversary of Earth Day, the Crown Prince of Saudi Arabia and Russian President Vladimir Putin have done what 50 years of protests could not accomplish. Their ill-timed decision to launch a price war has made it more economical to leave oil in the ground than to drill for it anywhere Read More →
Tri-county stocks mixed as market falls
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Garufis: Bankers want to fund small business loans
By 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 →
Tri-county tourism, hospitality hurting but region suited for recovery
Keeping the economy closed has saved lives, but it has hurt and will continue to hurt tri-county residents in the pocketbook. A webinar put on by UC Santa Barbara on April 16 probed the different ways the community’s businesses were hurting and panelists talked about solutions to help ease the pain. “I think we can 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 →
