Birdwatch Note Rating
2024-04-10 11:21:08 UTC - HELPFUL
Rated by Participant: AF747FCB77E7CE4C4009BEB9DF818801F36EF2F76F04A5F99C6BA609346C333C
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