Chase is #1 SBA Lender Four Years in a Row

  • Approved more SBA loans and lines of credit than any other U.S. lender
  • #1 SBA lender for women and minority-owned businesses again in 2013
  • Top-ranked in Arizona, Illinois, Louisiana, New Jersey and New York

Business Wire

NEW YORK--(BUSINESS WIRE)--

Chase is the nation’s #1 SBA lender for the U.S. Small Business Administration’s fiscal year 2013, marking four consecutive years of approving a higher number of SBA loans and lines of credit than any other lender in the United States, according to data released by the SBA. Through the SBA’s 504, 7a and Express programs, Chase approved 4,104 loans and lines of credit for $840.7 million in new credit during the SBA’s fiscal 2013, which ended September 30.

Chase was the top SBA lender in the number of approved 7a and Express loans among women- and minority-owned businesses across the country. Specifically the bank was the nation’s #1 SBA lender in the number of approved loans among businesses owned by African Americans, Asians, Hispanics, Native Americans and women. Chase was also the nation’s top SBA 504 third party lender, approving more loans for more dollars than any other bank.

At the state and district level, Chase was the #1 SBA lender in approved loans for Arizona, Illinois, Louisiana, New Jersey and New York, as well as the SBA’s Fresno, Los Angeles, and South Florida districts. The bank ranked in the top three for number of approved loans in a total of 16 states, including:

  • Arizona (tied)
         
  • Michigan
  • California
  • New Jersey
  • Colorado
  • New York
  • Florida
  • Ohio
  • Georgia
  • Oklahoma
  • Illinois
  • Texas
  • Indiana
  • Utah
  • Louisiana
  • West Virginia

“Whether it’s a construction company near San Diego or a microbrewery in the Bronx, small businesses are benefiting from Chase’s SBA preferred lender status,” said Scott Geller, Chase Business Banking CEO. “Our preferred status means we can quickly and easily approve credit for working capital, or to help our customers purchase buildings and new equipment.”

Now through December 13, 2013, Chase has limited-time lending offers to qualified and eligible borrowers on SBA and conventional loans and lines of credit. Businesses interested in financing for expansion, working capital or to purchase equipment or owner-occupied real estate should contact a Chase Business Banking or visit www.chase.com/business.

About Chase

Chase is the U.S. consumer and commercial banking business of JPMorgan Chase & Co. (JPM), a leading global financial services firm with assets of $2.5 trillion and operations in more than 60 countries. Chase serves more than 50 million consumers and four million small businesses through more than 5,500 bank branches, 17,500 ATMs, credit cards, mortgage offices, and online and mobile banking as well as through relationships with auto dealerships. More information about Chase is available at www.chase.com and @Chase. JPMorgan Chase Bank, N.A., Member FDIC. Equal Opportunity Lender.

Contact:
Chase Communications
Mary Jane Rogers, 303-244-3142
maryjane.h.rogers@chase.com





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