Filter on: Idea Vault Regional Pulse News & Press Releases Webinar
(Laurel Sykes) - While many businesses and workers are subject to the California order to Shelter in Place, there are still many others who are deemed “essential”.
Continue Reading(Laurel Sykes) - American Riviera Bank remains committed to assisting our customers during this challenging time. We know you likely have questions about your existing loans with ARB, and we continue to receive questions on how to access the multitude of government loan programs being made availabl…
Continue Reading(Laurel Sykes) - As you may have heard, the President signed into law on March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). One of the provisions of the CARES Act is a temporary revision of small business loans administered by the Small Business Administration (SBA)…
Continue Reading(Laurel Sykes) - Last week, the SBA made a new $310 billion appropriation of funds available for loans to small businesses under the 7(a) Paycheck Protection Program, which was created by the CARES Act. Under this “tranche”, $60 billion was reserved specifically for community financial institutions…
Continue Reading(Laurel Sykes) - You may have heard that the Small Business Administration (“SBA”) released the Paycheck Protection Program Loan Forgiveness Application on Friday, May 15, 2020. Despite detailed instructions that accompany the 11-page application, many questions still remain.
Continue Reading(Laurel Sykes) - Late Friday night, the SBA issued additional Interim Final Rules that provide guidance on: 1) new SBA loan review procedures (“SBA Loan Review rule”) and 2) loan forgiveness requirements (“Loan Forgiveness rule”) established by the new Paycheck Protection Program Loan Forgiveness…
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