Bank of America CEO calls for Congress to 'fully fund' small business loan program: 'Just get the work done'

for the first round, said there is "great debate" as to how much the program needs but said the government should commit to fully funding it until the eligible businesses can get the money.

The program offers loans to small businesses that can be transformed into grants if the businesses meet requirements for spending on payroll. The program received criticism for allowing some large public companies to access the money, leading the. Some larger companies have since said that they will return the loans.

BankofAmerica in default of agent fees.

. BankofAmerica let small business owners down. They will now reap what they sowed.

. BankofAmerica let small business owners down. They will know reap what they sowed.

jesserpound Please tell Mr. Brian to coach his bank employees to *just get the work done* when small business owners ask for PPP application help. Not just help the wealthy account holders.

What elected officials work? Doubtful

How about just taking care of your small banking customers? BankofAmerica

jesserpound Amazing the bank who took 85 thousand applications in the first 12 hrs and could not handle it including my application that was done the first few hrs of the first day and for two weeks has zero application update. The CEO need to get to work

I believe banks made 10B processing the first round of SBP

Small problem-it wasn’t funded on a first come first serve basis. The banks gave a leg up to rich clients and there’s mounting evidence that the SBA gave preferential treatment to red States.

Is US really a capitalist country?

Let’s be clear for all the morons out there - when ever you hear ‘call for Congress to fund’ anything.. it means TAX the PEOPLE!!!! So wake up suckass!!!!!

Of course he does he doesn’t want to right off a ton of bad loans

Why are businesses getting millions and people only get 1200?

Well of course, it’s great for his business. Nothing to do with helping small business. He can’t lose.

'Congress' and 'work' in the same sentence

Ummm quit giving it to trump ppl only?

Then the bank can make their regulations and keep the money 😡😡😡

😂😂😂😂, so he can give the money to big companies

Bailouts should be considered wellfare. A damn bank that's supposed have to enough money to survive instead depends on bailouts. They're going to be even more reckless in the years to follow and Trump is just throwing money at the problem sending us further into debt. All bad...

How about funding other smaller banks for loans instead of just the big 5. Midwest town businesses are dying from lack of help. Bastards.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bank of America client talking points on how to apply for PPP loans - Business InsiderLeaked memo shows Bank of America's talking points for staffers on how to handle the next round of PPP loans— and warns that funds likely won't meet 'extreme need and demand' This is just a PR memo that was “leaked.” Two key takeawys are: 1. BofA prevents small businesses from completing the process so they never get in the SBA queue; and 2. by “executing on the PPP,” BofA means *executing*, as in killing small businesses. LarJ2020 Welp don’t have the money don’t need it image no debit daradigitron botcoin
Source: BusinessInsider - 🏆 729. / 51 Read more »