Birdwatch Note Rating
2024-04-09 21:15:33 UTC - HELPFUL
Rated by Participant: BD8F32680BCE92BBBF812B9BFE39E5853F59572EA4594FEACBC2CAF646583F2D
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