JPMorganChase Expands Support for Atlanta Small Businesses through Hiring, Coaching and a $10M Loan to Access to Capital for Entrepreneurs
Chase for Business plans to expand its Senior Business Consultant team nationwide, including in Atlanta.
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Plans to increase local business banker coverage by
11% and expand Coaching for Impact program to graduate more than 700 Atlanta-area entrepreneurs over the next five years.
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Provide a
long-term, low-cost financing to Access to Capital for Entrepreneurs (ACE) aimed at financing approximately 70 small business loans across$10 million Georgia , with at least deployed in Metro Atlanta.$7.5 million
This work is a part of the firm’s American Dream Initiative, a multi-year effort aimed at scaling evidence-based, local solutions to help expand opportunities for communities, including a firmwide effort to power 10 million small businesses nationwide—up from seven million served today—over the next several years with expanded banker presence, access to the capital, coaching, tools, and practical policy support they need to thrive.
“Small business owners are getting healthier and more disciplined, but their growth and success are dependent on having a strong support team, including the right banker,” said Stevie Baron, CEO of Chase for Business. “We want to match the grit and determination of Atlanta’s entrepreneurs with proven, local resources that help them address barriers head-on, as well as connect them to capital, coaching and tools that help them grow and hire.”
Powering small business growth through local hiring and coaching
As a part of the American Dream Initiative, JPMorganChase is growing its support for small businesses nationwide including increasing its business banker coverage in
Chase for Business plans to grow its team of Senior Business Consultants nationwide, including in
“Atlanta’s economy is gaining strength and small businesses are at the epicenter of that growth,” said Dan Russell, Market Manager for
Increasing access to capital through a
To help increase access to capital for local entrepreneurs, JPMorganChase is announcing a
“At ACE, we believe small businesses are among the most powerful drivers of economic mobility and community transformation,” said Martina Edwards, president and CEO of ACE. “As the largest single investment of lending capital in our 26-year history, JPMorganChase’s support will help us to reach more entrepreneurs with the affordable capital and support they need to grow, create jobs, strengthen families and revitalize communities across Georgia.”
“Many small businesses are ready to grow but may not be at the right stage of their journey to access financing through traditional channels,” said Michelle Egan, Head of Credit Solutions, Impact Finance, JPMorganChase. “By strengthening community lenders, we can help more business owners secure flexible capital, grow their businesses, and serve as economic engines in their communities.”
The firm has previously provided
These efforts are especially important in a region where small businesses play an outsized role in the local economy—supported by improving consumer and small business indicators. According to Chase data,
Expanding on our efforts to grow Atlanta’s economy
Serving
Over the past five years, JPMorganChase has committed more than
About the American Dream Initiative
JPMorganChase’s American Dream Initiative is a multi-year effort to expand economic opportunity by scaling evidence-based 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 to 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. 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
View source version on businesswire.com: https://www.businesswire.com/news/home/20261021610918/en/
Ani Rodriguez, ani.rodriguez@jpmchase.com
Tori Simmons, tori.simmons@chase.com
Source: JPMorgan Chase & Co.