Birdwatch Note Rating
2024-04-09 17:29:18 UTC - HELPFUL
Rated by Participant: E512CFF475C7D6354E3EB1F4919CC1E3D61F1D66C392F477541671B705FB5724
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