Birdwatch Note Rating
2024-04-09 03:44:29 UTC - HELPFUL
Rated by Participant: B85B714E595B6BCF4FF7DE052D577B62E7A5CD84DED5FF138CB24BF5968BFCFC
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