JPMC Halts Non-PPP SMB Loans
PYMNTS
APRIL 8, 2020
The loans will be forgiven for those who can prove they used the money to pay their employees during the shutdown. Among other top banks, Wells Fargo won its battle to lift the cap on its balance sheet (placed there in the wake of the fake account scandal from 2018), so it has resumed PPP operations as of Wednesday (April 8).
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