Birdwatch Note Rating
2024-04-09 05:14:40 UTC - NOT_HELPFUL
Rated by Participant: E89B7544AA994B95CDD7E10375D53A99782DED0B8434CE7B1A74AC86B2C627DE
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