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JPMorgan says its coronavirus relief loans were mostly small in amount and for tiny companies

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A replenishment in the heavily criticized Paycheck Protection Program resulted in a firehose of small business lending from JPMorgan Chase, the financial institution said

San Francisco Friday.

JPMorgan, the largest US bank by assets and a target of recent PPP-related complaints, received approval for 211,000 loans totaling about $15 billion under the second wave of the US Small Business Administration's coronavirus-relief program. That brings the total number of loans from JPMorgan under the PPP to 239,000, worth $29 billion, since the program's launch in early April.

 

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Problem with PPP is employees are making $600 more a week being on unemployment benefits. They don’t want to return to work.

JP MORGAN how corrupt is that propaganda agent you bail them out and they will kick you out of your home cabal puppets

Really? Filed with Chase first day of first round. After funding dried up got an email saying I was in Stage 3 (ready for SBA submission). Monday the 2nd round opened filed with Lendio & was funded 3 days. Chase doesn’t work for small business. And will no longer be my bank.

I love the use of “firehose” as the choice word. CNN can spin anything remotely positive into Trump is evil so quick.

'🎶 Another day older and-a deeper in debt 🎶'

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Stock market news today: Dow sinks sharply after Trump threatens China with tariffs over coronavirus - CNNUS stocks open lower after President Trump hints that there could be new tariffs imposed on China as a result of the Covid-19 outbreak TL;DR: Trump will be charging Americans more of what they already don’t have enough of, so he can feel important That will probably help mortgage rates again. Well his buddies that were short on the market just got rich off a nothing burger sound byte
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