JPMorganChase Increases Capital Access for Alabama Small Businesses Through $2 Million Philanthropic Commitment

JPMorganChase today announced its expanded support of Alabama’s small businesses through a $2 million philanthropic commitment to create the Alabama Capital Access Collaborative. This initiative aims to help local small businesses thrive by improving capital access, assisting entrepreneurs in running their businesses more efficiently, and offering technical assistance for local capital providers across the state.

While lenders face operational difficulties in both rural and urban areas, small businesses outside of metro areas face a greater challenge in scaling to $1 million in annual revenues. This research highlights the need for targeted solutions to help small businesses grow, especially within critical sectors and underserved communities.

“Knowing the critical financing gaps local small businesses face, JPMorganChase is excited to help create the Alabama Capital Access Collaborative alongside government, business and community leaders,” said Tim Berry, Global Head of Corporate Responsibility for JPMorganChase. “With more than 7 million small business customers nationwide, this new philanthropic commitment builds upon what we’ve seen work in other communities by helping small business owners in Alabama obtain the necessary resources to grow, create jobs and thrive long term.”

The Alabama Capital Access Collaborative will engage a cohort of Alabama-based lenders, including Community Development Financial Institutions, private credit funds, Minority Depository Institutions, and community-focused loan funds, to develop a longer-term funding strategy aimed at increasing capital access, including debt, credit and equity-based sources, and improving operational capacity within the small business lending community. The initial phase of this effort will be facilitated by the Milken Institute, which will work closely with each participating organization to create plans that address existing challenges and identify growth opportunities. Participating organizations include:

• Birmingham Business Resource Center
• Bronze Valley
• Camino Loan Fund
• Commonwealth National Bank
• Neighborhood Concepts
• Opportunity Alabama
• Sabre Finance
• Urban Impact

"Small businesses are the backbone of the economy here in Alabama. Investing in their success will build stronger communities in our state and drive local economic growth," said Jennifer DiSalvo, Head of Chase branches in Alabama and a member of the firm's Market Leadership Team.

JPMorganChase in Alabama

Since 1973, JPMorganChase has fostered economic opportunity and provided banking and financial services to consumers and businesses across Alabama to address their unique needs. JPMorganChase is leveraging its resources and expertise to deepen its support across Alabama. Our support includes:

• Assisting over 250 medium and large clients in industries such as business services, machinery and equipment manufacturing, and medical services.
• Offering resources to more than 25,000 small businesses clients including mentorship, training and access to capital.
• Supporting local governments, higher education, healthcare institutions, and more than 15 of Alabama’s local financial institutions.
• Providing residents greater access to banking and financial services through more than 10 local branches.
• Financing the development and rehabilitation of affordable housing units.
• Investing in local job growth by financing the construction of recycling, manufacturing, and wholesale distribution facilities.

About JPMorganChase

JPMorgan Chase & Co. (NYSE: JPM) is a leading financial services firm based in the United States of America (“U.S.”), with operations worldwide. JPMorganChase had $4.6 trillion in assets and $357 billion in stockholders’ equity as of June 30, 2025. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset management. Under the J.P. Morgan and Chase brands, the Firm serves millions of customers in the U.S., and many of the world’s most prominent corporate, institutional and government clients globally. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.