Birdwatch Note Rating
2024-04-09 04:21:00 UTC - NOT_HELPFUL
Rated by Participant: F2BCC6C60FDD8CAF901E652FE6D8157DD3BDAD65F623A366EF63DED890F487D5
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