Birdwatch Note Rating
2024-04-11 07:02:12 UTC - SOMEWHAT_HELPFUL
Rated by Participant: AF0301278AAE6B4C27861143313EC883200F1D5EB54103EE2F5A142BA81C80F0
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