Birdwatch Note Rating
2024-04-10 03:32:32 UTC - HELPFUL
Rated by Participant: 47427FB50480500610E5402A72AEFB4CF1D64E0080688579BE983D05D869EFEF
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