COVID-19 layoffs skyrocket in Tri-Counties
In the first month after the novel coronavirus arrived in the region, tens of thousands of people in the Tri-Counties lost their jobs when their workplaces shut or slowed, and experts predict April and May will bring unemployment rates unseen since the Great Depression. The pandemic has touched every part of the tri-county economy, from Read More →
Tri-county landlords can get relief from tax and fee payments
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Tri-county experts weigh in on CARES Act
The $2.2 trillion Coronavirus Aid, Relief and Economic Security Act that passed March 27 set in motion several measures in attempts to financially stabilize staggering businesses affected by social distancing and sheltered-at-home consumers. To weave through the complexities of the CARES Act and the collection of economic relief programs put in place, the Business Times Read More →
Few tri-county lenders ready to accept CARES Act loan applications
April 3 was the first day small businesses could apply for new programs under the CARES Act, but last-minute changes meant only a few financial institutions in the Tri-Counties were able to roll out those options on opening day. Through hard work and preparation, Montecito Bank & Trust was able to accept initial applications when Read More →
Garufis: Loans available to help businesses survive
By Janet Garufis We have all witnessed first-hand the serious and immediate impacts of the pandemic on local small businesses, our friends, neighbors and ourselves. Many workers have been furloughed or are now unemployed as non-essential businesses close and others learn to operate under restrictions that provide safe social distancing. At Montecito Bank & Trust, Read More →
Dubroff: Loan program will stabilize America’s small businesses
Within the next week or so, thousands of small companies are going to be applying for loans — and possible loan forgiveness — under the Paycheck Protection Program or PPP that’s part of the $2 trillion in federal funding approved under the CARES Act. I’ve been studying the PPP since the first details began to Read More →
COVID-19 challenging for tri-county spas and salons
Prior to the outbreak of the COVID-19 virus, the region’s salon and spa businesses had witnessed a transformation of their business model, moving toward memberships and express services as customers integrated them into a broad approach to wellness. In recent weeks, though, the heavily touch-based businesses have been among the hardest hit by shelter-in-place orders Read More →
