Chase doesn't care.

Chase doesn't care.

We find out on the news this morning that the SBA allowed banks last week to prioritize their SBA PPP loan applications behind the scenes to their largest customers first. 

Chase gave $20 million PPP loan to Ruth Chris Steakhouse with 5000 employees (that's a *small* business?) on April 7th while many of their truly small business customers have yet to hear about their applications or get any funds. 

Then today April 16 Chase has the gaul to publicly post a letter from their CEO on their 'Chase Cares' webpage apologizing that the program is out of money, and they "...know many of you are disappointed" 

Disappointed? outraged is more like it. 

Chase should be ashamed. So should the SBA. Maybe it should be re-named the BS Administration?

Gregory H.

Latest Commercial Development coming soon to Austin Texas "Luxury Motorsports Park at Lake Travis"

4 年

Chase ONLY processed their favorite accounts..less than 10% of the PPP, while small community banks completed 81%, I MYSELF WILL BEGIN TO MOVE MY BUSINESS elsewhere...

Phoebe Stein

President at OLIVE Presents

4 年

Infuriating. Back to local and mid-sized banks!

Andy Schaidler, NEWH, IESNA

Business Development Executive: FF&E - OS&E Purchasing & Procurement | Architecture & Design Fan | HGIS-USA | Cancer Conqueror

4 年

and now...Chase is just hiding under a rock, auto-responders ON.?Sheesh!

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