The 2020 COVID-19 pandemic has created unprecedented economic challenges for almost all employers, with small businesses hit especially hard. This white paper examines the available evidence on the early impact that PEOs had on business outcomes for their clients. (Because the pandemic and its effects are ongoing, it is of course not yet possible to assess any final effects on small businesses or the economy as a whole.)

Specifically, we explored PEOs’ impacts on the
following key outcomes for their clients:

• Paycheck Protection Program (PPP) loans
o Percent receiving PPP loans
o Percent receiving PPP loans earlier in the
process
• Current business status (open/closed)
• Business survival

In each of these areas, we found PEO clients fared
better than other small businesses, often significantly
better.

Please click on the attached pdf file to continue reading.