Small businesses struggle financially as they wait on payroll protection program loans

The COVID-19 outbreak has had a dramatic impact on small businesses across the Hudson Valley and around the nation.

News 12 Staff

Apr 20, 2020, 6:51 PM

Updated 1,479 days ago

Share:

The COVID-19 outbreak has had a dramatic impact on small businesses across the Hudson Valley and around the nation.
Many have been forced to shut down and are still waiting on loans from the the government that haven't yet come through.
Business at Brian Cardone’s Mamaroneck-based porcelain distribution Arquitex was booming two months ago. When COVID-19 surfaced in New York, he had to shut down and lay off 17 employees.
"The hardest part is watching people that had a job that are confused right now. They’re frustrated, they’re hurting," he says.
Many small businesses in Mamaroneck and across the state were put on pause until the spread of the coronavirus was under control, but their patience is wearing thin.
Cardone applied applied for the government stimulus loan for small businesses to help them get by, but the payroll protection program ran out of money last week.
Lawmakers are debating adding more to to pot, but small businesses are left in limbo until they do.
"They are going to put us out of business unless they find the PPP," says Cardone. "They let it run out. There should never be a runout. People should get what they need to keep their employees on."
Cardone was so frustrated that he created a sign and left it outside his business. He lashed out at Chase Bank and the government for failing the people.
"All of government forgets that the little businesses support 50% of the economy," he says.
He’s hoping lawmakers will do the right thing and come to the rescue.
PHOTOS: Your Breath of Fresh Air Photos
undefined
 
 


More from News 12
0:27
Rye police: Car burglary highlights need to lock vehicles

Rye police: Car burglary highlights need to lock vehicles

2:18
Summerlike afternoon with highs in 80, rain and big cool down coming

Summerlike afternoon with highs in 80, rain and big cool down coming

0:48
Rockland community unites to commemorate Holocaust Remembrance Day

Rockland community unites to commemorate Holocaust Remembrance Day

1:46
Fire officials: Fatal Ossining fire doesn't appear to be suspicious

Fire officials: Fatal Ossining fire doesn't appear to be suspicious

0:30
‘We are heartbroken.’ Loved ones search for answers in case of missing New Paltz woman

‘We are heartbroken.’ Loved ones search for answers in case of missing New Paltz woman

0:19
Rabies alert issued in Sullivan County after fox tests positive

Rabies alert issued in Sullivan County after fox tests positive

1:14
Headlines: Woman stabbed in White Plains, fatal crash on I-84, body of missing guardsman found

Headlines: Woman stabbed in White Plains, fatal crash on I-84, body of missing guardsman found

0:20
Parents, NYCLU rally in Albany to demand changes in E. Ramapo schools

Parents, NYCLU rally in Albany to demand changes in E. Ramapo schools

0:40
New York honors fallen police officers with memorial wall dedication

New York honors fallen police officers with memorial wall dedication

0:28
Trial of Wallkill man suspected of hiring someone to kill his neighbor begins today

Trial of Wallkill man suspected of hiring someone to kill his neighbor begins today

0:32
SUNY Purchase agrees to suspend disciplinary consequences for protester arrested during campus demonstrations

SUNY Purchase agrees to suspend disciplinary consequences for protester arrested during campus demonstrations

0:38
Local thrift store hits $4 million in charitable giving to Northern Westchester hospital

Local thrift store hits $4 million in charitable giving to Northern Westchester hospital

0:31
Orange County school districts poised to implement wards for school board elections

Orange County school districts poised to implement wards for school board elections

0:30
New Rochelle maintains current elementary school start times despite cost concerns

New Rochelle maintains current elementary school start times despite cost concerns

0:21
Small business owners recognized for contributions during Asian Pacific American Heritage Month

Small business owners recognized for contributions during Asian Pacific American Heritage Month

1:08
Sleepy Hollow music festival to debut with indie rock band Cold War Kids headlining

Sleepy Hollow music festival to debut with indie rock band Cold War Kids headlining

1:43
Garden Guide: These plants repel weeds and are a natural fertilizer!

Garden Guide: These plants repel weeds and are a natural fertilizer!

0:22
Trocheck's power-play goal lifts Rangers to 4-3 win over Hurricanes in 2OT for 2-0 series lead

Trocheck's power-play goal lifts Rangers to 4-3 win over Hurricanes in 2OT for 2-0 series lead

1:46
 21-year-old SUNY Purchase art student overcomes childhood trauma through music

21-year-old SUNY Purchase art student overcomes childhood trauma through music

2:46
8 tips for children walking or bicycling to school

8 tips for children walking or bicycling to school