Birdwatch Note Rating
2024-04-09 04:10:38 UTC - HELPFUL
Rated by Participant: F44100F20D8AE0512E8D3454639FB10BFBF5E7AB67892E66FCE7DD72239C8A89
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