Chase Tops $20 Billion in 2012 Small Business Loans

  Chase Tops $20 Billion in 2012 Small Business Loans

  Biggest loan growth in California, Florida, Louisiana, Nevada, Oregon and
                                  Washington

Business Wire

NEW YORK -- January 28, 2013

Chase provided $20.2 billion in new credit to American small businesses during
2012, an 18 percent increase over 2011. Small business loan growth was most
significant in California, Florida, Louisiana, Nevada, Oregon and Washington.

Chase made more than $1 billion in new loans to small businesses in each of
Illinois, New York and Texas. In California alone, Chase extended nearly $7.5
billion of new credit to small businesses, 58% higher than 2011 lending
levels. Chase continues to be the nation’s #1 SBA lender by units, approving
40% more SBA loans than its nearest competitor.

“Chase is very proud to partner with small businesses around the country,
providing capital and other financial services that help companies grow,” said
Scott Geller, CEO of Chase Business Banking. “Our track record as a leading
small business lender demonstrates the ongoing commitment Chase has to fuel
the engine of the American economy.”

Chase serves small businesses through Business Banking, Ink from Chase credit
cards and Chase Merchant Services. Small business lending generally includes
credit extended to businesses with under $20 million in gross annual revenue.

About Chase

Chase is the U.S. consumer and commercial banking business of JPMorgan Chase &
Co. (NYSE: JPM), a leading global financial services firm with assets of $2.3
trillion and operations in more than 60 countries. Chase serves more than 50
million consumers and 4 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 @ChaseNews.

Contact:

JPMorgan Chase & Co.
Media:
Mary Jane Rogers
303-244-3142
602-332-1215
maryjane.h.rogers@chase.com
 
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