In 2011, Chase increased its small business lending by 52 percent nationwide and by 29 percent in Wisconsin.
Chase, the U.S. consumer and commercial banking business of JPMorgan Chase & Co., made almost 400,000 new loans and lines totaling $17 billion last year.
The bank was the top SBA lender in 12 markets nationwide and the No. 1 SBA lender overall in terms of volume.
In 2011, 23 states with a Chase presence saw a small business lending increase of at least 24 percent. The company has promised to maintain elevated lending volumes through 2013.
In 2010, more than $11 billion in credit went to small businesses with less than $20 million in annual sales.
“Chase continued to invest in the success of small businesses across the country with nearly 400,000 new loans and credit lines in 2011,” said Scott Geller, CEO of Business Banking at Chase. “Since 2009, we have provided more than $35 billion in working capital, term loans for expansion, commercial mortgages, lines of credit and business credit cards to small businesses.”
