Birdwatch Note Rating
2024-04-09 19:52:22 UTC - NOT_HELPFUL
Rated by Participant: 88D7103388C02DC71FC0429D1D8F6D93660722CD702BD92CA3B90A2F289A4E52
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