WASHINGTON, Feb. 22, 2012 /PRNewswire-HISPANIC PR WIRE/ — The United States Hispanic Chamber of Commerce (USHCC) commends corporate partner Chase, the U.S. consumer and commercial banking business of JPMorgan Chase & Co., for lending a reported $17 billion to America’s small businesses in 2011.
Chase reports a 52 percent increase nationwide from 2010, through a total of almost 400,000 new small business loans. The bank was the top SBA lender in 12 markets nationwide and the No. 1 SBA lender overall in terms of volume.
“Chase has a proven track record of launching various products and services that help support small business growth across the country, which is something the USHCC actively advocates for,” says Javier Palomarez, USHCC President and CEO. “Access to capital is a critical, if not the most important, concern for business owners in America and we are proud to see corporations like Chase help make a difference for the entrepreneurs and small businesses that are the backbone of our economy.”
The USHCC represents the fastest-growing segment of the country’s small business community – the over three million Hispanic-owned enterprises that contribute over $465 billion to the American economy each year.
About the United States Hispanic Chamber of Commerce
Founded in 1979, the USHCC actively promotes the economic growth and development of Hispanic entrepreneurs and represents the interests of over 3 million Hispanic-owned businesses in the United States that combined generate in excess of $465 billion annually. It also serves as the umbrella organization for more than 200 local Hispanic chambers and business associations in the United States and Puerto Rico. For more information, visit http://www.ushcc.com .
SOURCE United States Hispanic Chamber of Commerce