Birdwatch Note Rating
2024-04-09 16:36:12 UTC - NOT_HELPFUL
Rated by Participant: D6BDC5FEEF50A38EE3E6D825E8925F1547690B9B2433E799D46660B3161C9EAA
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