14% of businesses expect layoffs after using their PPP loan funds

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Roughly 14% of business owners who received a PPP loan expect to lay off workers once they deplete their funds, a survey finds.

The Paycheck Protection Program has been credited with returning 2.5 million Americans to work last month.

This possibility hints at the fragility of the economic recovery if lawmakers don't extend more aid to individuals and businesses. The finding comes as lawmakers debate the necessity and contours of another round of federal relief measures for individuals and businesses, and points to the potential fragility of the U.S. economic recovery absent additional aid.

 

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Too big to fail.federalreserve

Dnc doing everything to destroy businesses and lives.

Of course they are. That’s why stimulus round 2 will be even bigger. An attempt to keep the TRAITOR in the WH which is going to be an epic FAIL.

If it’s only 14% that’s a win.

I have a job but get several job offers per day on email.

Roughly 14%? Lol. Who writes these headlines?

What other option do they have? They needed government assistance for a reason. Maybe if democratic governors didn’t shut down their respective economies for a flu-like virus, they wouldn’t need to lay them off.

Terrible program for employees, daughter called back for 6 weeks only to get laid off again because they depleted the funds..bye bye health insurance also! Terrible program for employees!!!!

Ok. Not as bad as I thought

2008 all over again. The next wave of resentment from middle America might be bloody.

Thanks to the rioters shouting the economy back down

Sure. More like they will keep 14%.

make that 100%, they received PPP and they won't be paying single dime to employee.

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