Birdwatch Note Rating
2024-04-09 13:43:11 UTC - HELPFUL
Rated by Participant: 6F66662F622CFC7711D99212AB6A826C51F207DEA52B12B5DB19B177C5120C8B
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