14% of businesses expect layoffs after using their PPP loan funds
A sign is seen at the window of a closed J.Crew store near Rockefeller Plaza on May 4, 2020 in New York City.
ANGELA WEISS/AFP via Getty Images
Roughly 14% of business owners who received a loan through the Paycheck Protection Program expect to lay off workers once they deplete their funds, according to a survey published by the National Federation of Independent Business.
The finding…
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