This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Good Things Come In Small Packages; More Than 80% Of Chase SBA Loans Are Under $250,000

For every SBA 7a and Express loan Chase made over $250,000 last year, the nation’s leading small business lender made four loans in smaller amounts, demonstrating its commitment to support entrepreneurs large and small. For the past three years, more than 80% of SBA’s most popular loans approved by Chase have been for amounts under $250,000.

“Chase extends credit to businesses of every size and complexity,” said Scott Geller, CEO of Business Banking at Chase. “The fact that we’re making an increasing number of small loans means we’re helping even more business owners hire, expand and innovate.”

As a preferred lender with the U.S. Small Business Administration, Chase acts on the SBA’s behalf, which streamlines the approval process and helps business owners get faster funding. In 2011, Chase approved $1.1 billion in 5,509 SBA loans and lines of credit, of which 3,665 were for amounts under $250,000.

Chase also was the #1 SBA lender of 7a and Express loans in many markets around the country, including:

  • Arizona
  • Dallas/Fort Worth
  • California
  • Houston
  • Florida
  • Los Angeles
  • Illinois
  • Santa Ana
  • New Jersey
  • Seattle
  • New York
  • Texas

Chase ranked first in both volume and dollars in New York (city and state) and Texas.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,826.30 -279.47 -1.54%
S&P 500 2,081.18 -23.81 -1.13%
NASDAQ 4,931.8150 -75.9760 -1.52%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs