Birdwatch Note Rating
2023-06-08 17:18:32 UTC - HELPFUL
Rated by Participant: 4905105EEE412DAC01C65D70980192A1941780132268C48BC622FCC18FAAB63F
Participant Details
Original Note:
PPP loans were meant to help small businesses keep people employed during the COVID-19 pandemic. The SBA and Treasury Department noted that these loans would be forgiven if they were used for payroll purposes. https://home.treasury.gov/system/files/136/PPP%20--%20Overview.pdf https://www.sba.gov/funding-programs/loans/covid-19-relief-options/paycheck-protection-program/ppp-loan-forgiveness Student loans are signed noting they normally must be repaid. https://en.wikipedia.org/wiki/Student_loans_in_the_United_States
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