Birdwatch Note Rating
2024-04-09 14:34:33 UTC - HELPFUL
Rated by Participant: 589D153833AFBA23C2F526B7E1C0AE663289C2BAA59BEC75D725CF65BDBC441C
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