Banking giant JPMorgan Chase is committing tens of billions of dollars in new loans to small businesses as part of a broader effort to expand access to capital and support economic growth in the United States.
Chasing He says Its “American Dream” initiative includes plans to allocate $80 billion in funding to help small businesses grow, especially in underserved communities.
The initiative aims to expand lending opportunities, increase access to credit, and support economic mobility in the long term. The bank says the program will focus on small business owners who may face barriers to traditional financing, including minority-owned businesses and low- to moderate-income businesses.
in interview In an interview with Fox Business, Jamie Dimon, CEO of JPMorgan Chase, stressed the importance of continued investment in the American economy and the small business sector.
“The American dream is not over. America is the most prosperous country the world has ever seen, and that is true today. But what is also true is that for a portion of the people, it was not the American dream.”
Think about low-income people, people in some rural areas or some inner cities — the schools aren’t working, there’s a lot of crime, they’re not getting jobs, their incomes haven’t gone up in a long time — JPMorgan has always been dedicated to the development of this country and countries around the world, so this is kind of a focus campaign.
“We simply got our people to say: What more can we do to help fix these things that ail America?”
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