Thousands of applicants, zero loans: Trump's small businesses lending program is a failure to launch [MSNBC.com]
JP Morgan Chase & Co. (JPM)
Last jp morgan chase & co. earnings: 4/14 06:43 am
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Source: MSNBC.com
One day afterthe launch of a $350 billion loan programThe lending program, which forms part ofthe $2 trillion Aid, Relief and Economic Security (CARES) ActHowever, two of the nation's biggest banks say they have only just been able to start processing loans.“We are all waiting on the Small Administration,” a Chase senior executive told NBC .‘I’ve called over 2,000 times’: New Yorkers share struggle to file for unemployement benefitsApril 3, 202003:31Bank of America and JPMorgan Chase received tens of thousands of applicants within hours of the program's launch on Friday, senior executives at both companies told NBC . Bank of America reported receiving over $22 billion in requested funds. Wells Fargo, which appeared to have a late start,on Saturday opened a portalCiti’s websiteTo begin the lending process, small businesses must submit their application via an online portal on their bank's website. A banker then conducts a phone call with the applicant.Let our news meet your inbox. The
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JPM
Earnings
- 10/14/25 - Beat
JPM
Sec Filings
- 12/5/25 - Form 424B2
- 12/5/25 - Form 424B2
- 12/5/25 - Form 424B2
- JPM's page on the SEC website