Birdwatch Note Rating
2024-04-09 22:26:48 UTC - NOT_HELPFUL
Rated by Participant: CE800D8ED5C4A13511C8A673F117F6F468E106915554B4516083104DAED2F95C
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