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Growing Small Businesses

Black, Hispanic and Latino business owners face systemic barriers when it comes to growing and scaling their small businesses. Through products, funds, loans, community investments and policy reforms, we’re creating opportunities that support and uplift minority entrepreneurs.



Jennifer Lyle, Founder of Lush Yummies Pie Company

Our Progress

In 2022, we launched a Special Purpose Credit Program to extend credit to small business owners who might not otherwise be approved. By the end of the year, we hired more than 40 local Senior Business Consultants who provide one-on-one coaching and host educational events, community workshops and business training seminars to support entrepreneurs across 21 U.S. cities

To learn more about our progress, see our 2022 ESG Report.


Supporting Entrepreneurs in Underserved Areas

From 1:1 coaching, to technical assistance and capital, our new investments are geared towards growing and supporting small businesses.

Investing Equity In Early Stage Companies


Investing in Minority Depository Institutions

We appreciate the unique role that Minority Depository Institutions (MDIs) play in our communities. Over the last two years, we have invested more than $100 million of equity in diverse-owned and -led MDIs and Community Development Financial Institutions.


Increasing Supplier Diversity

We believe that diversifying our ecosystem of suppliers is good for our stakeholders –including the businesses we work with, the communities in which they live and serve and for our own firm. As part of our commitment, we are dedicated to the development and utilization of qualified Black, Hispanic and Latino businesses.


Advancing Data-driven Policy Reforms 

We’re working on solutions like increased resources for the Small Business Administration’s Microloan program, making the SBA’s Community Advantage program permanent and boosting the size of the Department of Treasury’s CDFI fund to provide additional aid to underserved small businesses.


Boosting Supplier Diversity

Building on our existing supplier diversity efforts, we’re committed to spending $750 million with Black, Hispanic and Latino suppliers.

Jamie Dimon, CEO of JPMorgan Chase & Co.
I knew if I wanted to continue expanding nationally, I needed someone to help me address specific business needs, especially related to accounting. The support and knowledge Chase for Business has provided has been a tremendous boost for Indeed Construction Clean Up.

Jackeline Enriquez, Founder Indeed Construction Clean Up

Stay Informed

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