Birdwatch Note Rating
2024-04-09 22:29:59 UTC - HELPFUL
Rated by Participant: 711DC284B2C2E98981B7852AAF82105BA3FAB8FB168C8F1D32175297788AAFF0
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