In the meantime teachers hope it won't be too long before they see a paycheck. We are able to look beyond cookie cutter things and look at people's stories," says Eric Weaver from Opportunity Fund.įirst 5 relies on tobacco tax revenue and is willing to also provide a bridge loan until a budget is reached. "Banks really don't make loans this small and a lot of these providers probably wouldn't qualify for a bank loan because of credit history, because of time in business. That's enough for the center to pay its lease for two months. ![]() The center is reaching out to micro financing organizations like "Opportunity Fund of San Francisco." The average loan is $8,000 at an 8 percent interest rate. "We lease this building, we don't own anything so we have no collateral and I have found that the banks don't consider a letter from the state saying that they owe us, to be worth anything in terms of getting a loan," says Marshall. Gloria Marshall, Ph.D., runs the preschool. They have little or no collateral and the banks are not willing to offer them loans. 11, the Palo Alto Weekly will host a live public forum on Zoom with. "These centers are maxed out on their credit, staff have been working without pay and they really represent some of the neediest families and hard working families that we have in our community," says Blakely.įinding the resources to continue to operate doesn't come easy. The 2022 East Palo Alto City Council candidates are, top row from left to right, Ruben Abrica, Jeffrey Austin, Martha Barragan, Mark Dinan and, bottom row, left to right, Webster Lincoln, Q Smith and Gail Wilkerson. Roof top pool is small and they seem to be struggling a bit with the cocktail service. Michelle Blakely is with First 5 which helps underserved kids from birth to 5 years old. Room service breakfast was exceptionally good - timely, elegant, hot. Looking for film & media festivals events in East Palo Alto Whether youre a local, new in town, or just passing through, youll be sure to find something. Our guests praise the restaurant and the helpful staff in our reviews. Enjoy free WiFi, breakfast, and a 24-hour fitness center. These centers run on very thin margins and dozens in the Bay Area and California are having this problem and many run the risk of closing. 4290 El Camino Real, Palo Alto, CA, 94306 Fully refundable 127 per night Oct 15 - Oct 16 Stay at this 3.5-star business-friendly hotel in Palo Alto. ![]() Eighty percent of the center's money comes from the state the rest comes from tuition fees. Choose the Issues Involved in Your Case: Breach of Contract Contract Drafting and Review Business Disputes Corps, LLCs, Partnerships, etc. ![]() It's all because legislators have not passed this year's budget. It would be a great help if the budget is passed," says preschool teacher Dileepa Gunatileka. "Banks are not understanding when you go and tell them that you can't pay the mortgage because of not getting paid. The last time teachers at Creative Montessori Learning Center in East Palo Alto were paid was on July 31.
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