US SBA’s PPP Runs out of Money; RBA Open for Area Businesses that Have Questions

The U.S. Small Business Administration said yesterday the Paycheck Protection Program won’t be taking any more applications for the $349 billion program because it’s run out of money. Small businesses were reportedly edged out of the federal loan program due to a loophole. The publication “Restaurant Business” says larger chains were able to secure millions in funding while smaller companies couldn’t meet some of the requirements. WRCR’s Market Analyst Ken Mahoney of Mahoney Asset Management in Chestnut Ridge says it’s an unfortunate unintended consequence of the program…

Rockland Business Association CEO Al Samuels says while some restaurants have already shut their doors, he hopes they’ll be able to come back…

If you have any business-related questions you can contact the RBA at 845-735-2100 or check out their website for the various resources they have. That’s RocklandBusiness.org.

Snow Closings Updated Regularly

Please click on the image below to view all snow closings for Rockland County.