Independent businesses struggle to survive as federal government fails to deliver payroll protection loans.
Many smaller customers, on the other hand, were left trying to input the documents themselves, the person said. In an email to clients, a JPMorgan executive said the bank unit that serves smaller firms received applications from more than 75,000 clients in the program’s first hour on April 3, and that the number grew significantly the following days.“We had more than 2,000 Chase employees work over that weekend to review these forms, contact as many people as possible, and help position them to complete their application,” said Jennifer Roberts, chief executive of the unit, Chase Business Banking.
Suprise ,Suprise !! 😃😉
The smaller banks were much more efficient getting this money to smal businesses...I wonder if government works the same way?
There is no end to the greed. It's astonishing. And very, very sad.
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