Birdwatch Note Rating
2024-04-10 04:30:45 UTC - HELPFUL
Rated by Participant: A9271BDBB3C85758F1F73320090EF37C87EA97CFA43CC402992CA76E6A85AB52
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