Recent News and Discussions About Ppp Loan And Layoffs
Can I still get a PPP loan if I’ve closed my business or laid off …
https://www.womply.com/blog/can-i-still-get-a-ppp-loan-if-ive-closed-my-business-or-laid-off-employees/
No. PPP Loans received after December 27th, 2020 are not required to “rehire” any employees in order to receive forgiveness. You will, …
As PPP money runs out, businesses begin layoffs
https://www.washingtonpost.com/business/2020/07/23/ppp-layoffs/
Jul 24, 2020 — They are among the first wave of PPP layoffs happening across the country, as the loan program begins to expire.
PPP Loan Forgiveness Guidance for Employers
https://www.mbm-law.net/insights/ppp-loan-forgiveness-guidance-for-employers/
If your PPP funds run out and your business has a poor financial situation after the 24-week period, then you are allowed to lay off employees. These employees …
These companies took $1.8 billion in federal aid to save jobs …
These companies took $1.8 billion in federal aid to save jobs. They laid off 90,000 workers anyway.
Dec 18, 2020 — Public Integrity found that more than 900 companies took PPP loans while laying off or furloughing at least 90,000 workers in 44 states and …
PPP loans didn’t stop these businesses from laying off …
https://www.inquirer.com/news/ppp-loans-layoffs-pennsylvania-businesses-20210409.html
Apr 9, 2021 — The PPP loans were intended as a “job-saving program” for small businesses … or if the layoffs make them ineligible for loan forgiveness.
PPP loans don’t mean an end to COVID-19 layoffs
https://www.latimes.com/business/story/2020-09-05/layoffs-despite-payroll-protection-program-ppp-loans
Sep 5, 2020 — An early analysis of the program by S&P Global concluded that “more than 150 businesses that received hundreds of millions in PPP loans have …
Is Your Employer Abusing Their PPP Loan?
Nov 30, 2020 — Since the majority of loan funds are supposed to be reserved for payroll, employers who receive PPP loans should be able to avoid layoffs and …
14% of businesses expect layoffs after using their PPP loan …
https://www.cnbc.com/2020/06/23/14percent-of-businesses-expect-to-lay-off-workers-after-using-ppp-loans.html
Jun 23, 2020 — 14% of businesses expect layoffs after using their PPP loan funds · The Paycheck Protection Program has been credited with returning 2.5 million …
228 Arts Institutions Laid Off 28% of Workers After Receiving …
228 Arts Institutions Laid Off 28% of Workers After Receiving PPP Loans, Research Says
Oct 12, 2021 — … PPP loans , about half of the money went to just 228 recipients. … quick to lay off workers at the first opportunity after receiving …
PPP loans didn’t prevent staff cuts at Philly museums – WHYY
PPP loans went to Philly museums that still laid off staff, report says
Oct 11, 2021 — The Philadelphia Museum of Art, Philadelphia Zoo, and Franklin Institute, were among the most heavily subsidized local cultural institutions …