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PPP

Garcia Votes In Favor Of PPP Extension

Congressman Mike Garcia (1)

On Tuesday, Congressman Mike Garcia, R-Santa Clarita, joined lawmakers in voting in favor of House Resolution (HR) 1799, known as the Paycheck Protection Program (PPP) Extension Act of 2021. The Paycheck Protection Program Extension Act, voted for by Garcia on Tuesday, was reportedly designed to extend the PPP loan application from March 31 to May 31, 2021. “Small businesses are ...

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Santa Clarita Man Pleads Guilty To Obtaining Over $1 Million In PPP Loan Scam

A Santa Clarita Valley man plead guilty Tuesday to federal charges that he fraudulently obtained more than $1 million in Paycheck Protection Program (PPP) loans for sham companies, officials said. Raymond Magana, 40, of Santa Clarita, pleaded guilty to one count of fraud in connection with major disaster or emergency benefits, funds he obtained by filing tax documents for fake ...

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Garcia To Host Virtual PPP Webinar For Small Businesses In Santa Clarita

Congressman Mike Garcia

Congressman Mike Garcia, R-Santa Clarita, is set to host a series of virtual discussions on the Paycheck Protection Program (PPP) where businesses can sign in and ask questions.  The webinar discussions are open to small business owners and administrators within California’s 25th Congressional District (CA-25), with Santa Clarita’s webinar scheduled for Thursday Jan. 28 at 11 a.m., according to a ...

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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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Santa Clarita Man Charged With Fraudulently Obtaining Nearly $2 Million In COVID Loans

Coronavirus Money

A Santa Clarita man faces federal charges alleging that he and his business partner fraudulently obtained nearly $2 million in COVID-19 loans, officials said. Raymond Magana, 39, of Santa Clarita, and his business partner, Steven R. Goldstein, 36, of Northridge, were named in a federal criminal complaint charging them with making false statements to the government, fraud in connection with ...

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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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Financial Hour – Managing Expenses – July 09, 2020

American Family Funding - Fred Arnold

Host: Fred Arnold Co-Host: David Cantrell Topic: Managing Expenses Podcast Seg One: Click Here Seg two: Click Here Seg Three: Click Here Seg Four: Click Here On this episode of The Financial Hour, Dave Cantrell and Fred Arnold of American Family Funding is answering your questions on Managing Expenses. Financial Hour – July 09, 2020 Live in studio its the ...

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Assemblywoman Christy Smith Calls For Loan Extensions To Paycheck Protection Program

Coronavirus Stimulus Check

Assemblywoman Christy Smith, along with 23 other California state assembly members, called for the California Congressional delegation’s attention to the loan forgiveness period of the federal Paycheck Protection Program (PPP) on Friday. Currently, the loan forgiveness period is eight weeks, which could be coming as soon as the end of the month for those who applied as soon as the ...

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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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