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by Cymen
2249 days ago
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Not only that but if you had an application in progress, they now have this text when you return to try to complete it (they shut it down shortly after sending out the email to complete applications): Last Updated: April 22, 2020 10:30 a.m. ET Message from Jennifer Roberts, CEO of Chase Business Banking
It appears Congress will approve additional funding for the Paycheck Protection Program, which is encouraging news for thousands more of our small businesses. We’ll begin submitting applications as soon as the SBA gives the green light. We never stopped working our large application queue because we know how important this money is for your business. We’ve decided not to take any new applications now. We’ll keep monitoring the funding availability and may consider taking new applicants in the future. I wish we could help every business through this program, but funds could run out again quickly and we have preexisting applications in our queue. We will continue to process and submit applications until funds are exhausted. Sincerely,
Jennifer Roberts |
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I mean, our business was literally refreshing the page every 30 minutes last weekend for the application to go live, and I have to imagine that every business that needed the money was doing the same thing.