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Mission Valley Bank

Paycheck Protection Program: Who Can Get It, And How It Works

Coronavirus Money

With the latest COVID-19 relief package including $284 billion for small business loans under the Paycheck Protection Program (PPP), KHTS has compiled a breakdown of who can apply for these loans, and how they work. As part of the most recent COVID-19 relief package signed at the end of December, $284 billion was allocated for PPP loans, providing much-needed relief ...

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Mission Valley Bank Is Doing Everything They Can To Abide Safety Precautions During The COVID-19 Pandemic

Mission Valley Bank - Supporting YOU

Mission Valley Bank will not be subject to closure and can still aid you in your banking and financial needs. With the many branches under its wing, Mission Valley Bank is doing everything they can to abide any distancing and safety precautions during the COVID-19 virus. At the bank branches you are comfortable stopping by, precautions such as dropbox deposits ...

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Mission Valley Bank Handles Your Business And Banking Solutions

In today’s society, starting or maintaining a business can be stressful. The friendly bankers at Mission Valley Bank are prepared to help you overcome those stressors and make your business the best it can be. The banking solutions offered at Mission Valley Bank are well equipped to boost your business because they focus on problem-solving strategies. Their goal is to ...

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Local Bank Assisting Small Businesses With Outreach And Personalized Plans

Mission Valley Bank - Team

During the COVID-19 lockdowns and mandatory shutdowns of many local businesses, Mission Valley Bank has made it top priority to assist local businesses in any way they can. “Mission Valley Bank is currently assisting businesses through outreach, and collecting data and information about just how the COVID-19 situation is impacting their business,” said Tamara Gurney, President, CEO & Director of ...

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Mission Valley Bank Relaunches 2020 Business Education Series Virtually

Mission Valley Bank - Supporting YOU

Mission Valley Bank in Santa Clarita is set to present the newest events in its Business Education Series, “Business Growth Through Challenging Times,” beginning Thursday, Oct. 15. The events, which aim to help business owners with boosting business in the midst of unprecedented challenges, are to be held over livestream and split into three parts on Oct. 15, Oct. 22, ...

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Santa Clarita Bank Provides Personal Reassurance During Financial Hardship

Mission Valley Bank - Supporting YOU

During the global pandemic, COVID-19, many local businesses have had to downsize and some have had to close their doors completely. Business owners suffering closure turned to the Paycheck Protection Program, PPP,  in order to meet payroll and keep their doors open. Mission Valley Bank in Santa Clarita knew their customers were facing hardship and wanted to help. “It’s part ...

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Mission Valley Bank Reports $1.2M Net Income In 2020 Second Quarter Amid Pandemic

Mission Valley Bank reported a $1.2 million net income in their second quarter of 2020 amid the COVID-19 pandemic, officials said. Mission Valley Bancorp announced Thursday net income of $1.2 million, or $0.38 per diluted share, through the second quarter of 2020. This is compared to net income of $1.5 million, or $0.47 per diluted share, through the second quarter ...

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KHTS Special Broadcast – Q and A On Loans – May 12, 2020

Host: Daniel Epstein and Tamara Gurney from Mission Valley Bank Topic: Q and A On Loans On this special broadcast, Daniel Epstein and Tamara Gurney from Mission Valley Bank discuss what is and what isn’t covered with your PPP Loan. The show starts off by Daniel and Tamara talking about loans during this pandemic. Later in the show, Daniel and ...

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What Can Paycheck Protection Program Funds Be Used For?

Loan Application, Photo by Jan Stastny from FreeImages

As small businesses in the Santa Clarita Valley begin to receive funds from the Paycheck Protection Program authorized under the Coronavirus Aid, Relief, and Economic Security (CARES) Act, questions have arisen regarding what exactly this money can be spent on. With the passage of the CARES Act last month, businesses were able to file for loans authorized by the Paycheck ...

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Mission Valley Bank Sees Over 16 Percent Income Increase For First Quarter Of 2020

Mission Valley Bank announced Tuesday an income increase of over 16 percent in the first quarter of 2020, officials said. The net income of $816,000, or $0.25 per diluted share, for the first quarter of 2020 compared to net income of $701,000, or $0.22 per diluted share, for the first quarter of 2019, represents an increase of 16.47 percent. “While ...

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