JPMorganChase Expands Support for Atlanta Small Businesses through Hiring, Coaching and a $10M Loan to Access to Capital for Entrepreneurs
JPMorganChase announced expanded support for Atlanta small businesses, including an 11% increase in local business banker coverage and a $10 million long-term, low-cost loan to community lender ACE. The ACE loan is expected to finance roughly 70 small business loans across Georgia, with at least $7.5M deployed in Metro Atlanta, and the Coaching for Impact program aims to graduate more than 700 Atlanta entrepreneurs over five years. The effort sits under the firm's American Dream Initiative, which targets powering 10 million small businesses nationwide, up from seven million served today.
Key figures
- Ace loan
- $10 million
- Total assets
- $5.1 trillion
- Stockholders equity
- $372 billion
- Metro atlanta deployment
- at least $7.5M
- Coaching graduates target
- more than 700
- Small business loans supported
- approximately 70
- Atlanta banker coverage increase
- 11%
AI analysis
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