JPMorganChase Provides Nearly $40 Million to Help Small Businesses Grow and Support 6,000 Jobs Nationwide

As part of National Small Business Month, JPMorganChase today announced nearly $40 million in new philanthropic investments to expand access to capital for entrepreneurs across the country—helping more businesses start, grow, and hire in the communities they call home. By strengthening lending capacity, technical assistance, and local small business support systems, this funding is expected to help thousands of small businesses nationwide access over $500 million in capital—13 times this philanthropic investment—and create or retain about 6,000 jobs.

“Small and mid-sized businesses are the backbone of the economy—creating jobs, sparking local growth, and strengthening communities,” said Stevie Baron, CEO of Chase for Business. “To help them thrive, we need smart policy, sustained investment, and real partnerships across the public and private sectors. Building on our American Dream Initiative, this funding will broaden access to capital and support so more entrepreneurs can start, scale, and hire.”

Scaling What Works: The American Dream Initiative

Through its American Dream Initiative, JPMorganChase is helping to scale approaches that expand access to capital—working with local community lenders to help entrepreneurs access coaching and financing, build networks, and grow sustainably.

These new philanthropic investments will bring those models to more communities across the country, including:

• Appalachian Community Capital: To support entrepreneurs across the Appalachian region by advancing the Powering Resilient Opportunities Fund (PRO Fund), a blended-capital vehicle designed to mobilize up to $200 million in private and philanthropic investment through 25+ community lender partners, positioned to support more than 2,000 small business ventures.
• Pursuit Community Finance: To support approximately 350 local early-stage businesses in New York City, Philadelphia, and Wilmington with coaching and flexible-term loans to help overcome a friends and family investment gap.
• Craft3: Long-term, low-cost loan to fund an estimated 50 small business loans across rural, urban, and Tribal communities in the Pacific Northwest, supporting working capital, bridge financing, and commercial real estate acquisition and new construction, and expected to create or retain about 200 jobs.
• Accessity: To help scale its microlending and technical assistance programs in San Diego, Riverside, San Bernardino, Orange, Los Angeles, and Imperial counties, aiming to help more than 650 small businesses access up to $40 million in capital and contribute to the creation or retention of approximately 1,250 jobs.
• The Minneapolis Foundation: To strengthen a local network of community small business lenders by improving systems, staffing, and shared learning so they can more efficiently originate and deploy capital—including aims to distribute $5+ million in growth loans to 50+ entrepreneurs over 12 months.

See the full list of recipients and additional details.

Impact in Action: Helping Businesses Start, Grow, and Hire

JPMorganChase supports small businesses at every stage of growth—from startup to expansion and hiring—by connecting entrepreneurs with access to capital, networks, and expertise. 

“Small business owners don’t just need capital—they need the right capital at the right time, delivered through trusted pathways that meet them where they are,” said Shaolee Sen, Head of Small Business for Corporate Responsibility at JPMorganChase. “By working alongside local organizations, we’re helping entrepreneurs overcome barriers, build lasting businesses, and contribute to vibrant local economies.”

The examples below show how JPMorganChase’s past philanthropic support is already translating into measurable results* for small businesses:

• START: In Houston, Bairitone Health is developing an innovative wearable device to help millions of Americans with sleep challenges. Through the JPMorganChase-supported Institute for Entrepreneurial Leadership Capital Circles Initiative, the company gained access to investors and mentors and secured $380,000, helping the company launch and begin reaching patients.
• GROW: Co-owners of 2Latinos Latin Market in Opelika, Alabama, turned to a trusted community-based partner, Camino Loan Fund, for both capital and hands-on guidance. Through Camino, a participant in the JPMorganChase-led Alabama Capital Access Collective, they accessed financing and the guidance needed to navigate permits, rent requirements, and other operational hurdles. Following that support, 2Latinos Latin Market reports that monthly revenue rose from approximately $16,000 to $31,000 in the first month, then $50,000 the next month.
• HIRE: In Oakland, California, athletic apparel brand Courtsmith scaled operations and strengthened its supply chain with support from ICA Fund—an organization JPMorganChase has long supported—to acquire a local manufacturing operation and help position the company for growth.  Courtsmith reports that revenue grew 259% from 2021 to 2025, while the company expanded its workforce from 4 employees in 2017 to 13 in 2025, with full-time roles increasing from 1 to 11.

Advancing Policy Solutions: Increasing Access to Capital

Small businesses drive job creation and local growth, yet many new businesses rely on personal savings or help from friends and family, making it much harder for those without resources to launch and grow. Fewer than 10% reach $1 million in revenue within five years, a critical milestone for long-term success, according to the JPMorganChase Institute.

“As America’s leading small business bank, JPMorganChase understands that access to capital—at every stage, from launch to legacy—is critical,” said Stevie Baron, CEO of Chase for Business. “By supporting policies that expand community lending partnerships and strengthen local resources, we’re helping more small businesses thrive for the long term and fuel economic growth across the country.”

Several bipartisan proposals present meaningful opportunities to expand access to capital and support long-term small business growth—including strengthening effective federal programs that crowd in private investment, modernizing capital formation and financing options, and increasing loan limits and flexible financing for small manufacturers so they can expand, hire, and compete.

Read more from the JPMorganChase Policy Center: https://www.jpmorganchase.com/impact/policy-center/business-growth/supporting-bipartisan-legislation-to-expand-small-business-access-to-capital

About the American Dream Initiative

JPMorganChase’s American Dream Initiative is a multi-year effort to expand economic opportunity by scaling proven solutions that help the economy work for more people. Through the Initiative, the Firm will provide financing, facilitate capital, offer advice, training and tools, and advocate for policy solutions help people start and grow small businesses, find affordable places to live, save and plan for their financial futures, get good jobs, access quality healthcare and strengthen local institutions.

The Initiative will start with a firmwide effort to support 10 million small businesses—up from seven million served today—and scale its support for small businesses by hiring 1,000+ business bankers, nearly doubling its Senior Business Consultants, scaling Coaching for Impact to graduate 115,000 entrepreneurs in more markets and committing $80 billion in lending over the next 10 years, alongside local investments in events nationwide. For more information on the American Dream Initiative, visit www.jpmorganchase.com/America.

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 $4.9 trillion in assets and $364 billion in stockholders’ equity as of March 31, 2026. 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. 

*The metrics cited herein are derived from a variety of public and private sources, including data that were self-reported by JPMorganChase grant recipients. JPMorganChase has not independently verified these data and makes no representation or warranty as to the quality, completeness, accuracy or fitness for a particular purpose. The metrics as reported are not directly tied to funds or other support provided by JPMorganChase but rather are a result of a variety of factors.