Our 2025 Commitment
Progress through December 31, 2021
GROW SMALL BUSINESSES
•
Provide an additional $2 billion for 15,000
small business loans to Black,
Hispanic and Latino communities.
•
Building the infrastructure and foundation to help small businesses grow through new programs,
products and hiring, including:
•
Hired 25 diverse senior business consultants to provide free one-on-one coaching for business owners in 14 U.S. cities.
•
Mentored more than 1,000 small businesses.
•
Hosted educational events, community workshops and business training sessions with more than 28,000 participants.
•
Through
government relief programs, business owners sought relief and liquidity from the U.S. Small Business Administration ("SBA"), including the Paycheck
Protection Program ("PPP") and Economic Injury Disaster Loans ("EIDLs"). While PPP loans are not part of the Firm’s
Racial Equity Commitment, JPMorgan Chase
was the #1 PPP lender on a dollar basis –
over the life of the program, we funded more than 400,000 loans for more than $40 billion. More than 30% of those loans
went to businesses in majority-minority census tracts.
•
While small business lending volume through 2021 is below 2019 levels, the Firm expects to make progress against the $2 billion small
business lending commitment
in the years ahead.
Do'stlaringiz bilan baham: