George Harrison’s Estate Slams Donald Trump for ‘Offensive’ Use of ‘Here Comes The Sun’ at RNC

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As the coronavirus continues to batter the U.S. economy, mom-and-pop operations are struggling to stay afloat despite the federal government’s efforts to distribute $659 billion in forgivable loans to small businesses. “Its going to be a wash in the next six months — well see who survives and who doesnt,” Pennsylvania pub owner Pat Ryan told Yahoo Finance’s On the Move last week. “But its going to take at least a year to get out of this hole.” Paul and Pat Ryan own and operate four restaurants in Pennsylvania: Ryans Pub, which has two locations, Smokey Joes, and PJ Ryans Pub. The Ryan brothers say they have attempted to apply for a loan for all four of their locations under the Paycheck Protection Program (PPP) for small business coronavirus relie f. So far, they have been approved for three loans. NEW YORK, NY - MAY 02: A business stands closed on May 02, 2020 in the Brooklyn borough of New York City. (Photo by Spencer Platt/Getty Images) The PPP, which had a notoriously rocky rollout, reopened for a second round last week after running out of an initial $349 billion in just 13 days. Despite the PPP, Ryan said, “As time goes on, people are going to fall farther and farther behind.” The state of Pennsylvania currently has a stay-at-home order in place until May 8 , but Pat Ryan said it could be some time before the bar gets fully up-and-running because the re-opening could come in several stages. Moreover, Pennsylvania’s bars and restaurants will likely not be able to operate at full capacity. “With social distancing, how we’re going to do that in a bar, I don’t know. We’ll have to get direction from the government,” Ryan said. In the meantime, Ryan said, “Most of the staff is just waiting and texting all the time, ‘When are we going to open?’” McKenzie DeGroot is a producer at Yahoo Finance. Follow her on Twitter: @degrootmckenzie Read more : ‘The rest of the world needs to look at what’s happening here:’ Strategist in Italy The Golden State Warriors CFO wants more women in the C-Suite Amazons grocery deliveries are spiking — heres how grocery stores can compete Why freelancing on Fiverr may beat driving for Uber, expert says Follow Yahoo Finance on Twitter , Facebook , Instagram , Flipboard , SmartNews , LinkedIn , YouTube , and reddit View comments
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