SBA take steps to improve first draw PPP loan review
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Milwaukee , Wis. – Business owners who received a loan under the Paycheck Protection Program may qualify for the Second Draw PPP Loan. At least $25 billion is being set aside for eligible borrowers with a maximum of 10 employees, or for loans of $250,000 or less to eligible borrowers in low or moderate income neighborhoods. The same general loan terms are applicable as the First Draw PPP Loans with a few changes. What is the Second Draw Paycheck Protection Program? The Second Draw Paycheck Protection Program can be used to help fund payroll costs, including benefits. Funds can also...
Free Business Course For VT Entrepreneurs Vermont Business Magazine The Small Business Administration is accepting applications for the 2021 Vermont Emerging Leaders Program which will be held virtually and is slated to begin in the spring. Emerging Leaders is an intensive executive-level series intended to accelerate the growth of high-potential small businesses in America’s underserved cities and rural areas. During the course, small business owners will learn to create a three-year strategic growth plan to build a sustainable business of size and scale. Entrepreneurs’ small business...
Governor Scott’s Budget Priorities Vermont Business Magazine The Agency of Commerce & Community Development is focused on more than $100 million in economic initiatives as part of Governor Scott's budget proposal. Last Wednesday, ACCD held a webinar to review the Agency’s legislative priorities with partners and the public. A recording of that webinar and presentation is now available at the ACCDCOVID-19 Recovery Resource Center. You can also find a breakdown of the governor's $210 million recovery plan HERE. Town Meeting Guidance Announced In-person annual town meetings are strongly...
Press release content from Business Wire. The AP news staff was not involved in its creation. Southern California Bancorp Reports Financial Results for the Fourth Quarter and Full Year 2020 February 1, 2021 GMT SAN DIEGO--(BUSINESS WIRE)--Feb 1, 2021-- Southern California Bancorp (the “Company”) (OTC Pink: BCAL), the holding company for Bank of Southern California, N.A. (the “Bank”) today reported financial results for the fourth quarter and full year of 2020. The comparability of financial information for the fourth quarter and full year of 2020 to 2019 is affected by the Company’s...