Birdwatch Note Rating
2024-04-09 18:41:01 UTC - HELPFUL
Rated by Participant: 07B8910D32076CF393D5F4F5B3DF31097132955512B768C60D9E4CA2848F9C7C
Participant Details
Original Note:
PPP loans were forgivable only if at least 60% of the money was used on payroll and 40% on eligible expenses (e.g., rent, utilities, etc.) AND all employees were kept despite gov enforced closures. This was essentially a way of avoiding mass layoffs during COVID. https://www.bench.co/blog/operations/ppp-loan-forgiveness
All Note Details