Small Business Forward
A strong community-based small business sector means more local jobs and increased economic opportunity and mobility. That is why we serve 3.9 million American small businesses with their depository, lending and cash management needs and we are committed to providing new products and services to make it easier for businesses to operate. As a leading small business lender, we now take our services above and beyond banking with our $30 million, five-year Small Business Forward program.
Small Business Forward is our innovative program that helps small businesses thrive through a combination of targeted lending to minority-owned businesses, new kinds of community development financing and technical assistance for entrepreneurs. We are finding new ways for entrepreneurs to gain access to nontraditional capital, because small businesses are engines of job growth and economic vitality in the neighborhoods they serve.
“Generating economic opportunity is what JPMorgan Chase does each and every day. Our support of small businesses is one more way that we add value for our communities. By helping regional economies build on their core assets to develop thriving enterprises, we are helping to create jobs and build a more prosperous society.”
“America’s forward-looking companies are investing in clustered communities, because they see the return on investment. Clusters speed commercially viable ideas from the drawing board to the marketplace. These are communities with buy-in at every level and a proven support structure that nurtures success.”
By supporting minority entrepreneurs who can’t get traditional funding, nonprofit community-development funds are transforming "micro businesses" into engines of economic growth.
Detroit is innovating to boost economic opportunity.
Small-business startups can now turn to nonprofits backed by major banks, and no sector promises to turn that help into GDP growth faster than Latino-owned businesses.h
Entrepreneurs of color help play a key role in the city’s recovery.
Community commerce businesses have often faced major obstacles getting a strong start without the access and advantages these networks provide.
Independent shops, restaurants and service providers are creating jobs and economic opportunity–often in distressed communities–across the country on a remarkable scale. For many of their owners, traditional underwriting standards present a high hurdle.