Joint Corp. receives PPP loan, draws on credit line to shore up finances

The Joint Corp., a Scottsdale-based operator and franchisor of chiropractic clinics nationwide, said Wednesday it received a $2.7 million loan through JPMorgan Chase Bank NA under the U.S. Small Business Administration ’s Payroll Protection Program set up to help companies handle the economic fallout of the coronavirus pandemic. The company already had drawn down $2 million in mid-March on a newly established line of credit agreement with Chase in what it said in a regulatory filing was "a precautionary…
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