JP Morgan Chase Reviews

Learn more about JP Morgan Chase small business loans with reviews, rate information and frequently asked questions.

Updated on June 14th, 2019

The SMB Guide is reader-supported. When you buy through links on our site, we may earn an affiliate commission. Learn more

JP Morgan Chase is a major global bank that offers small business loans to businesses that are seeking financing for development or startup costs. Small business owners can obtain lines of credit, term loans and SBA loans through Chase.

Also Consider

Small Business Loans

Low interest rates whether for loans from $6,000 or $250,000.

Apply Now

Prime Business Loans

SBA Loans

Working Capital

Loan Options:

Loan Type

Amount

Term Loan

$5,000.00 to $500,000.00

Line of Credit

$10,000.00 to $500,000.00

SBA Loan

Varies based on the nature of the loan.

JP Morgan Chase Reviews
Review:

Pros: Over 5,000 locations across the US. Funds are deposited immediately after approval.

Cons: Application must be completed in-person. Loans are only available to Chase customers.

Bottomline: Chase is a trusted national lender that offers competitive interest rates and is easily accessible across the United States.

Key Information:

Founder

John Pierpont Morgan

Founded

1799

Headquarters

New York, NY

Number of Employees

250,000

CEO

Jamie Dimon

Address

270 Park Avenue, New York, NY 10017

Phone Number

+1 212-270-6000

Website

www.chase.com

News & Activity:

Date

News or Activity

May 2, 2019

Chase got trashed on Twitter for promoting penny-pinching.

May 2, 2019

Criminal sentencing of former JP Morgan Chase precious metals trader delayed as federal probe continues

May 2, 2019

JPMorgan Chase hires exec from Citizens Bank to head consumer banking in Pittsburgh

FAQs:

Can I get a business loan from JP Morgan Chase to consolidate my debt?

Yes. With a term loan, you could consolidate your business debt in one loan with a clear repayment schedule and interest rates that may be lower than what you are currently paying.

What is the minimum amount for a Chase small business loan?

The minimum business loan amount is $5,000.00.

Who can qualify for an SBA loan from Chase?

SBA loans are designed for small, growing businesses. The repayment options are often more flexible than traditional loans, and the interest rates are lower. Any small business can apply for one of these loans.

Does my business need a Chase bank account to receive a small business loan?

Yes. If you qualify for a small business loan, the money will be deposited into your Chase business account. If you are already a Chase customer, you may have an easier time qualifying for the loan you need since your local branch will have a better picture of your financial history.

Are there any alternatives to JP Morgan Chase?