Small business owners stuck in loan limbo as new government programs stumble [MSN Money]
JP Morgan Chase & Co. (JPM)
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Source: MSN Money
Small busins owners say they are frustrated with the rollout of coronavirus loan programs that promised quick cash but have becomemired in technical and regulatory snafus© Spcer Platt"It's super confusing," said Lance Lawson, co-owner of Space59, a clothing and retail boutique in Chicago. "We have real bills to pay and I want to get my employe back on. They're all on unemploymt. Every day counts."Load ErrorLawson said his revue has dropped from $50,000 a month to zero and he's applied for six differt governmt programs, including the Economic Injury Disaster Loan and Paycheck Protection Program from the Small Busins Administration. Promised funds within days, a week later he's still waiting. Meanwhile, he's watched governmt officials tout the program's immediate succs, and se key language changing on the SBA website."All of the banks I work with are "in procs" with their portals for PPP, so I have applied through a broker that got me a previous SBA loan," Lawson said. "But ev they seem
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JPM
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JPM
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- 12/5/25 - Form 424B2
- 12/5/25 - Form 424B2
- 12/5/25 - Form 424B2
- JPM's page on the SEC website