JPMorgan Chase & Co. is launching a national program to try to get more loans into the hands of minority small-businesses owners and close a persistent racial gap in financing
The bank is tweaking its lending criteria in minority neighborhoods across the country to increase loan approvals
This tote bag is one of the items for sale at Dr. Tennille Johnson’s business, Scrubs to the Rescue, in Houston.Updated Nov. 18, 2022 7:14 am ET HOUSTON— JPMorgan Chase & Co. is launching a national program to try to get more loans into the hands of minority small-businesses owners and close a persistent racial gap in financing.
The country’s biggest bank has been quietly piloting a special-purpose credit program this year here and in Dallas, Detroit and Miami that allows it to offer more loans to business owners who might have otherwise been rejected.
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