JPMorganChase Expands Support for Atlanta Small Businesses through Hiring, Coaching and a $10M Loan to Access to Capital for Entrepreneurs
Key Highlights
- ➤JPMorganChase increases Atlanta business banker coverage by 11% over five years
- ➤JPMorganChase commits $10 million low-cost loan to Georgia lender ACE
- ➤ACE financing expected to support approximately 70 small business loans statewide
- ➤At least $7.5 million of ACE financing will deploy in Metro Atlanta
- ➤Coaching for Impact plans to graduate more than 700 Atlanta entrepreneurs
Expert Statements
Stevie Baron, CEO of Chase for Business
“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.”
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.”
Dan Russell, Market Manager for Atlanta at Chase for Business
“Atlanta’s economy is gaining strength and small businesses are at the epicenter of that growth.”
Dan Russell, Market Manager for Atlanta at Chase for Business
“From coaching and advice to capital and connections, we’re committed to helping Atlanta’s small businesses start, grow, and create jobs in their communities.”
Martina Edwards, President and CEO of ACE
“At ACE, we believe small businesses are among the most powerful drivers of economic mobility and community transformation.”
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.”
Michelle Egan, Head of Credit Solutions, Impact Finance, JPMorganChase
“Many small businesses are ready to grow but may not be at the right stage of their journey to access financing through traditional channels.”
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.”
JPMorganChase Expands Support for Atlanta Small Businesses through Hiring, Coaching and a $10M Loan to Access to Capital for Entrepreneurs
* 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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