JP Morgan Chase Review

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

Updated on November 18th, 2019

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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.

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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

383 Madison Avenue, New York City, NY 10017

Phone Number

1 (212) 270-6000

Website

www.chase.com

News & Activity:

Date

News or Activity

May 2, 2019

Chase Gets 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:

Are JP Morgan and Chase the same?

JP Morgan Chase Bank, N.A., doing business as Chase Bank, is the consumer and commercial banking subsidiary of the U.S. multinational banking and financial services holding company, JP Morgan Chase & Co.

Learn more about JP Morgan Chase.

When did JP Morgan Chase start?

JP Morgan Chase was founded in 1799.

Read more about JP Morgan Chase.

What address should I use for Chase Bank?

JP Morgan Chase's address is 383 Madison Avenue, New York City, NY 10017.

Learn more about JP Morgan Chase.

Does Chase have 24/7 customer service?

Yes. You can call JP Morgan Chase anytime at 1-800-935-9935. Call them collect at 1-405-272-9935 from outside the U.S. Call 1-800-242-7383 if you use TTY support.

Is Chase Bank in all 50 states?

No. Even though they are the largest bank in the U.S., they don't have branches in all 50 states. Together with Wells Fargo and Bank of America, JP Morgan Chase has the most branches in the U.S. In 2017, JP Morgan Chase had 5,288 branches.

Is Chase a good bank?

Read our JP Morgan Chase review to learn more.

What are some states that don't have a Chase bank?

  • Alabama.
  • Alaska.
  • Arkansas.
  • Delaware.
  • Iowa.
  • Kansas.
  • Maine.
  • Maryland.
  • Minnesota.

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?

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

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?

See our full list for more information.