JPMorgan Chase Approved to Fund About $29 Billion to 239,000 Businesses
JP Morgan Chase & Co. (JPM)
Last jp morgan chase & co. earnings: 4/14 06:43 am
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jpmorganchase.com/corporate/investor-relations/investor-relations.htm
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Source: Business Wire
NEW YORK--(BUSINESS WIRE)--JPMorgan Chase announced today that it has received approval for an additional 211,000 loans through “Round Two” of the Paycheck Protection Program (PPP), totaling about $15 billion to its small business customers. In total, the firm is expected to fund about $29 billion to over 239,000 businesses under the PPP since its inception a little over three weeks ago, helping to support 3 million employees.More specifically about JPMorgan Chase’s lending through the PPP:The average loan amount is $123,000About 50% of the loans went to companies with fewer than 5 employeesOver 75% of the loans were for under $100,000Over 40% of the loans were for under $25,000JPMorgan Chase is proud to have secured approval for loans to small businesses in all 50 states. For example, approximate loans by state include:Arizona: 10,500 businesses at an average loan size of $116,000 totaling $1.2 billionCalifornia: 46,800 businesses at an average loan size of $98,000 totaling $4.6
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JPM
Earnings
- 10/14/25 - Beat
JPM
Sec Filings
- 12/5/25 - Form 424B2
- 12/5/25 - Form 424B2
- 12/5/25 - Form 424B2
- JPM's page on the SEC website