The government's $350 billion small business loan program got off to a rocky start Friday, with some of the nation’s biggest lenders saying they weren’t yet able to process loan applications
The federal government’s $350 billion small business loan program got off to a rocky start Friday, with some of the nation’s biggest lenders saying they weren’t yet able to process loan applications, frustrating business owners struggling to stay afloat.
“It’s frustrating,” said Chip Grabow, the owner of Radio Roasters Coffee, a specialty coffee roasting company in Decatur, Ga. Mr. Grabow scrambled this week to gather the documents he needed to apply for a loan, but isn’t sure when his bank, JPMorgan Chase & Co., will...
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The Coronavirus Small Business Loan Program: What You Need To KnowCongress has made $349 billion available in loans to small businesses, much of which may be forgivable. Here's what to know about how this might work for your small business.
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Dire feelings on Main Street on eve of small business lending program launchWhile small business advocates are hopeful about the program, questions do remain about the loan volumes expected and the readiness of all parties in getting this up and running tomorrow.
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Banks warn of ‘utter chaos’ in new small business lending programDEVELOPING: As millions of small businesses anxiously await their slices of a $350B relief program, major banks are still awaiting guidance from the Treasury Dept. — and some still haven't even decided whether they will participate.
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Bank of America's small business loan portal is up, making it the first major bank to begin program
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Bank of America's small business loan portal is up, making it the first major bank to begin relief program“What we’re doing here is keeping people employed, keeping doors open,” House Minority Leader Kevin McCarthy says about the $350 billion small business relief program.
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'It's not enough' — Pelosi wants more small business loans, direct payments and unemployment benefits“We need a 4th bipartisan bill.” House Speaker Nancy Pelosi calls for more coronavirus relief, after the historic $2 trillion stimulus package was signed last week. “It’s not enough.”
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