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smallbusiness


The U.S. Capitol is seen on April 10. Saul Loeb/AFP via Getty Images hide caption toggle caption Saul Loeb/AFP via Getty Images The U.S. Capitol is seen on April 10. Saul Loeb/AFP via Getty Images The White House and congressional leaders could be nearing an agreement on a new wave of coronavirus relief funding. Negotiations …

WASHINGTON—Top lawmakers said they plan to move within days to provide hundreds of billions of dollars in new funding for small-business loans, citing widespread demand for assistance from firms hit by shutdowns related to the coronavirus pandemic. Heavy requests for the previously approved $350 billion in loans are pushing Republican and Democratic lawmakers to consider …

But JPMorgan Chase, the country’s largest lender, said Thursday it did not expect to begin accepting applications for the program Friday, as scheduled. Other banks said they were accepting applications but didn’t expect to process or approve them until after the Treasury Department and Small Business Administration finalize rules for the program. Some banking officials …