At JPMorgan Chase, we are committed to our communities and work with a diverse group of partners to provide creative and innovative solutions that respond to community development and affordable housing needs. These partnerships are essential to making a meaningful impact on communities, their residents and businesses.
In the CommunitySPRING 2017
Lifting Minority and Women-owned Small Businesses with Increased Capital
Access to capital is vital to the success of small businesses and the economic growth of communities. Demonstrating our commitment to small businesses, through the Small Business Forward program Chase made a $4.6 million grant to LiftFund (Opens Overlay), formerly known as ACCION. Funding will support the new LiftUp loan program and help increase access to capital for underserved minority and women-owned small businesses.
For more than 20 years, LiftFund has provided capital and technical assistance to help small business owners reach their dreams. The new LiftUp loan program will help small businesses get capital quicker by slashing approval times – to a few days from several weeks – for affordable small business loans in Atlanta, Austin, Dallas, Houston, New Orleans and San Antonio.