Birdwatch Note Rating
2024-04-09 19:17:53 UTC - NOT_HELPFUL
Rated by Participant: 92DC8E474788931BB209EE96841B9ECD33C3A32AA36108082940D7F108C1876F
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