Birdwatch Note Rating
2024-04-09 05:58:16 UTC - NOT_HELPFUL
Rated by Participant: 1014F21B376D7D0AA67CD3C8CC1560D2BCD77F7F144DF24F5C7D97E49AC27879
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