There were at least some companies that had more than $250k at SVB, because even with 50 employees, your payroll is well over that amount. Maybe make employers carry insurance to protect against their main bank going under?
It looks like the money lent to the FDIC to help cover SVB has already been returned to the Treasury.
There were at least some companies that had more than $250k at SVB, because even with 50 employees, your payroll is well over that amount. Maybe make employers carry insurance to protect against their main bank going under?
It looks like the money lent to the FDIC to help cover SVB has already been returned to the Treasury.