Despite getting funds from the Paycheck Protection Program many small businesses expect to layoff staff, reports CBS News. 

A significant number of U.S. small business owners who got money from the government-backed small business coronavirus relief program say they will end up laying off hundreds of thousands of workers anyway.

With the Paycheck Protection Loan program coming to an end lawmakers are worried that it wasn’t enough to sustain the economy, reports Politico. 

Washington’s massive small business rescue is ending after delivering more than half a trillion dollars to millions of employers. Now, everyone from key lawmakers to the Federal Reserve says it may not be enough.

According to NJ Biz, there is a new shorter, more user-friendly application for government funds to help small businesses hit by Covid-19.

The Trump administration rolled out a much shorter and “user-friendly” application for a federal aid program aimed at propping up small businesses hit hard by the COVID-19 pandemic and ensuing recession ahead of a June 30 deadline.