Hundreds of U.S. lenders get access to small-business rescue program with new system launch [Reuters]
JP Morgan Chase & Co. (JPM)
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Source: Reuters
Hundreds of U.S. lenders get access to small-business rescue program with new system launch WASHINGTON (Reuters) - The U.S. government’s $350 billion program to help ailing businesses took an important step forward on Wednesday, with the launch of a system that will allow hundreds of new lenders to participate in the unprecedented scheme. Lenders that have never previously registered with the Small Business Administration (SBA) could start to do so through the new online portal, addressing one of several problems with the scheme that banks say have delayed getting much-needed funds to customers. The Treasury also issued new guidance on Wednesday to help address lingering questions over the terms of the loans, including confirming that banks could use their own promissory note when issuing funds to customers, which had been a source of major confusion. Also on Wednesday, the U.S. Federal Reserve said it would “temporarily and narrowly” modify a ceiling it imposed on Wells Fargo & Co’s
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JPM
News
- JPMorgan Chase & Co. (NYSE:JPM) had its price target lowered by analysts at The Goldman Sachs Group, Inc. from $355.00 to $354.00. They now have a "buy" rating on the stock.MarketBeat
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JPM
Earnings
- 10/14/25 - Beat
JPM
Sec Filings
- 12/5/25 - Form FWP
- 12/5/25 - Form 424B2
- 12/5/25 - Form 424B2
- JPM's page on the SEC website