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Monday November 30th is Cyber Monday: Tips for Staying Secure

Blog November 27, 2020 by Paul Abramson

Many businesses also have employees working from home and using their own personal computers, which may contain malware and credential-stealing programs that could expose a company to corporate account takeover or worse yet, compromise the company network. Tax professionals are also common targets…

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When Times Get Tough

Blog November 9, 2020 by Idea Vault Blog

CARES Act ExpansionsThe CARES Act adds additional assistance to those who have been impacted by the COVID-19 pandemic. First, it expanded availability to unemployment insurance for those who may not usually qualify, such as those diagnosed with COVID-19 or who are caring for someone unable to go to…

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PPP Forgiveness Underway this Month

Blog October 20, 2020 by Laurel Sykes

American Riviera Bank has been successful in obtaining PPP loan forgiveness for many of our ARB customers! The SBA began accepting PPP Loan Forgiveness applications on August 10, 2020, and earlier this month, we were one of the first banks in the nation to begin receiving forgiveness on PPP loans…

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An Update on the Paycheck Protection Program

Blog August 26, 2020 by Laurel Sykes

We don’t know much at this point, but the latest industry information is that the loan stimulus would likely be available to smaller businesses than before, those with 200 – 300 or less employees, who have experienced a significant drop in revenues due to COVID-19-related closures. In addition, you…

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How to Budget for Your First Home

Blog June 30, 2020 by Crystal Rem

Start with the basics: a budget.Working within a budget will ensure you set reasonable expectations for what you can afford. For tips for how to start, check out our post from earlier this year, Start the New Year Off Better, and remember, your Online Banking system has built in personal financial…

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SBA Issues Revisions to PPP Loan Forgiveness Rule

Blog June 22, 2020 by Laurel Sykes

So, now what? The next logical question is, “Well, when can I apply for forgiveness?”  The Rule notes that a borrower may submit a loan forgiveness application any time on or before the maturity date of the loan, including before the 8- or 24-week covered period, if you have used all of your…

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Pros and Cons of Homeownership

Blog June 22, 2020 by Crystal Rem

If you have good credit, and little debt, you may be thinking about grabbing up one of those low interest rates and joining the world of homeownership. Before you do, make sure you spend some time weighing the pros and cons of homeownership.ProsPride. Let’s face it, it feels good to own something…

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Spotlight on COVID Scams Targeting Older Adults

Blog June 19, 2020 by Laurel Sykes

We’ve previously shared warnings of phishing attempts from the Secret Service, and scams involving economic impact payments from the Department of Business Oversight, but closer to home, the San Luis Obispo County District Attorney issued a warning due to reports of ph…

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SBA Issues New PPP Loan Forgiveness Applications

Blog June 17, 2020 by Laurel Sykes

On June 16, 2020, the Small Business Administration (“SBA”) issued a revision to the very first April 2, 2020 Interim Final Rule, indicating that they would be reissuing the May 22, 2020 Interim Final Rules on Loan Forgiveness and SBA Loan Review to address amendments the Flexibility Act made…

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World Elder Abuse Awareness Day - June 15, 2020

Blog June 15, 2020 by Laurel Sykes

The isolation orders targeting at-risk and older adults also create an even bigger risk for financial abuse. Estimates of losses due to elder financial abuse range from $2.9 billion to $39 billion annually, and remain largely underreported, albeit at rates higher than self-reports of emot…

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