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JPMorgan says it has $26 billion in small business relief applications that need funding


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the Paycheck Protection Program
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Trish Wexler

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The New York Times
SOURCE: https://www.cnbc.com/2020/04/17/jpmorgan-says-it-has-26-billion-in-small-business-applications-left.html
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Summary

After technical snafus with the Small Business Administration portal for the program and other issues, banks have begun to disburse funds more quickly this week, until they ran out of money on Thursday.About half the loans that JPMorgan made were for less than $140,000, and more than 60% went to companies with fewer than 25 workers, the bank said.Got a confidential news tip?

As said here by Hugh Son