MannKind getting $5M loan to avoid layoffs and tackle COVID-19
Westlake Village-based MannKind said it expects $4.9 million in federal forgivable loan relief, among other financial measures that will help it avoid furloughs and layoffs as it pursues potential therapies for the COVID-19 pandemic. The company is currently exploring four potential anti-infective and antiviral therapies, said CEO Michael Castagna. “These are high risk areas and Read More →
Most tri-county stocks gain as market rises
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Teledyne, Interlink making tech to fight COVID-19
Tri-county firms Teledyne and Interlink Electronics joined the list of regional suppliers of technology to respond to the COVID-19 epidemic. Teledyne DALSA, a subsidiary of Thousand Oaks-based Teledyne’s imaging division, released a new line of long wave infrared cameras to provide contact-free skin temperature and fever detection. “Its small form factor and architecture allows integrators Read More →
Community Bank of Santa Maria reports first quarter increases
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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 →
Dubroff: When it comes to the PPP, we’re not in it together
This does not feel like a team effort. I’m stepping out of my role as pundit this week and putting on my hat as a small business owner. And I am here to state that the rollout of the Paycheck Protection Program has been a nightmare for many small business owners. Every day I get Read More →
