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Our PPP Funds Have Been Spent. Now What?

Posted by Zinner & Co. on Jun 26, 2020 9:28:07 AM

Bloomberg News recently reported that according to a new survey, at least one in ten small businesses in the U.S. are expecting to lay off workers once their fiscal relief funds run out.

In another survey done by the National Federation of Independent Business, 14 percent of companies, who received a loan under the Paycheck Protection Program, anticipate having to reduce their workforce after using the loan. Among those companies, half expect to dismiss one to two employees, and 12 percent say they will likely lay off at least ten people.

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Topics: Zinner & Co., Paycheck Protection Program, ppp

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