Birdwatch Note Rating
2024-04-09 03:37:40 UTC - HELPFUL
Rated by Participant: 86F42E35BA610093937E7FDA329728E75A525F927A03310C0C445E202D6C157E
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