The reason they aren't giving out any more loans isn't because they can't, it's because they stopped giving loans to small businesses that aren't guaranteed by the government.
The normal Chase small business loan program has been halted so they can shift all the loss risk to the government.
JP Morgan is evil.
The reason they aren't giving out any more loans isn't because they can't, it's because they stopped giving loans to small businesses that aren't guaranteed by the government.
The normal Chase small business loan program has been halted so they can shift all the loss risk to the government.
This, and the interest on 20m is a lot more than 50k.
Exactly