Many Small Businesses Say Loans Won’t Get Them to Rehire

Some businesses see little point in rehiring all their workers and potentially laying them off again if business remains weak two months from now.

  • Published 22 April 2020

[template id="245201"] WASHINGTON (AP) — Some small businesses that obtained a highly-coveted government loan say they won’t be able to use it to bring all their laid-off workers back, even though that is what the program was designed to do. The Paycheck Protection Program promises a business owner loan forgiveness if they retain or rehire all the workers they had in late February. But owners say the equation isn’t so simple, in part because of… Read at AP News