Birdwatch Note Rating
2024-04-09 20:38:43 UTC - HELPFUL
Rated by Participant: E685D1C03D5E1B50CA1DE12C711F0C61064C0C151D99FF93D6FE0C6D7C2D5DEC
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