You will not be able to load that file with BCP. You will need to upload it to BLOB storage, so that you can use the CSV option with BULK INSERT
Check out my article Using the Bulk-Load Tools in SQL Server and particularly the section on File format for details:
In your statement, you say that every comma is a field separator, but it isn't. Here is one sample line:
1029567410,2020,5,3,202,PPP,"BEDDING ACQUISITION, LLC",60 EAST 42ND ST SUITE 1250,NEW YORK,NY,10165-1299,2021,7,16,Paid in Full,24,1,10000000,10000000,0,,119918,East West Bank,"135 N Los Robles Ave, 7th Fl",PASADENA,CA,91101-4525,U,N,N,New Business or 2 years or less,NEW YORK,NEW YORK,NY,10165-1299,NY-12,500,314999,Unanswered,Unknown/NotStated,,10000000,,,,,,Limited Liability Company(LLC),119918,East West Bank,PASADENA,CA,Unanswered,Unanswered,,10110556,2021,6,11
Do you think that the comma after ACQUISITION is a field terminator? BCP sure thinks so, because you told it.
Had the double quotes been applied consistently, there are some tricks you can play with format files. But in the file, fields are only quoted if they include a comma.