The government's $350 billion small business loan program got off to a rocky start Friday, with some of the nation’s biggest lenders saying they weren’t yet able to process loan applications
The federal government’s $350 billion small business loan program got off to a rocky start Friday, with some of the nation’s biggest lenders saying they weren’t yet able to process loan applications, frustrating business owners struggling to stay afloat.
“It’s frustrating,” said Chip Grabow, the owner of Radio Roasters Coffee, a specialty coffee roasting company in Decatur, Ga. Mr. Grabow scrambled this week to gather the documents he needed to apply for a loan, but isn’t sure when his bank, JPMorgan Chase & Co., will...
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