$350 Billion Pot Nearly Empty for SBA Loans
April 14, 2020
The $350 billion allocated to the CARES Act’s Paycheck Protection Program (PPP) is expected to run dry within a few days.
Economy
Webinars Tomorrow North and South of Border
April 14, 2020
RV professionals have their pick of participating in either of two webinars being presented at the same time tomorrow—one from RVIA and one from RVDA of Canada.
Elkhart County Unemployment Claims Skyrocket
April 13, 2020
While it is obvious to industry observers that unemployment is up dramatically in Elkhart County since the COVID-19 crisis forced the closure of many RV plants, the official unemployment numbers for the past three weeks makes the full extent of that reality crystal clear.
RV Rentals See Big Declines
April 10, 2020
RV rentals for family road trips have all but dried up, according to rental executives. Health professionals and people too vulnerable to potential COVID-19 infection to fly commercial airlines now make up the bulk of rental consumers.
Treasury Expands Main Street Loans for Mid-Sized Businesses
April 10, 2020
The Federal Reserve yesterday acted to provide up to $2.3 trillion in loans to aid the U.S. economy by assisting businesses of all sizes.
Huge OEM’s CEO Drops Salary to Zero
April 7, 2020
The head of the RV industry’s largest manufacturer has given himself what is likely the industry’s largest executive pay cut.
Final Pre-Coronavirus Economic Snapshot Shows GDP Growth
April 7, 2020
Real gross domestic product (GDP) increased in 48 states and the District of Columbia in the fourth quarter of 2019, according to statistics released today by the U.S. Bureau of Economic Analysis.
RV Dealer Among First to Get Paycheck Protection Loan
April 7, 2020
The first wave of RV dealers to apply for forgivable SBA loans under the CARES Act’s Paycheck Protection Program have begun getting their checks.
Elkhart Might Weather This Downturn Better Than Others
April 6, 2020
While previous recessions have hit Elkhart hard, the RV capital might be uniquely positioned to weather the COVID-19 downturn better than other cities.
Businesses Can Now Apply for Paycheck Protection Loans
April 3, 2020
Eligible businesses can apply for Paycheck Protection Program small business loans to cover qualified payroll costs including rent, utilities and interest on mortgage and other debt obligations.
RVIA: USMCA Free Trade Deal Delayed
April 2, 2020
The United States-Mexico-Canada Free Trade Agreement will not take effect by June 1, after officials in the three countries failed to meet a necessary deadline this past Tuesday.
RVIA: Five Things RV Industry Should Know about New Stimulus
March 30, 2020
On Friday, March 27, the U.S. House of Representatives passed a “Phase 3” economic stimulus package: the Coronavirus Aid, Relief and Economic Security (CARES) Act.
