Birdwatch Note Rating
2024-04-09 04:05:33 UTC - HELPFUL
Rated by Participant: E2AC79F2CC1804AC4F12371E2EB834F2AF755E9F7D8E49AF5BD3E8A0B4B4A3EF
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