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.
JP Morgan Chase Key Information Table:
John Pierpont Morgan
New York, NY
Number of Employees
1 (800) 242-7338
270 Park Avenue, New York, NY 10017
JP Morgan Chase Business Loan Options:
$5,000.00 to $500,000.00
Line of Credit
$10,000.00 to $500,000.00
Varies based on the nature of the loan.
JP Morgan Chase 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.