Chase Bank took a $100,000 fee on Ruth’s Chris Steak House zero risk PPP loan

“on April 7, RCSH Operations LLC, the parent company of Ruth’s Chris Steak House, received a loan of $10 million. JPMorgan Chase & Co., acting as the lender, took a $100,000 fee on the one-time transaction for which it assumed no risk and could pass through with fewer requirements than for a regular loan.”

www.npr.org/2020/04/22/840678984/small-business-rescue-earned-banks-10-billion-in-fees