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Out of context: Reply #463
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JPMorgan: $26B Worth Of SMB Relief Loans In The Pipeline
JPMorgan Chase & Co. says it has $26 billion in small business relief applications lined up for when Congress approves more funding for the Small Business Association (SBA’s) popular Paycheck Protection Program (PPP).
The New York-based global financial services company boasted on Friday (April 17) that it has closed more small business relief loans than any other lender, and they have more SMBs waiting for assistance, according to a CNBC report.