HeraldNet - Snohomish County's online news source
Heraldnet.com
WEDNESDAY, DECEMBER 2, 2009 5:05 pm
LocalNorthwestNation & WorldPoliticsSpecial ReportsPhotosColumnistsMultimedia 
RECENT POSTS:
• Small business lost 68,000 jobs in November  December 2

• Coupon clipping is back  December 2

• Anxiety - not uncertainty - choking holiday sales  December 2

• Washington 5th in small-biz climate rankings  December 2

• What's your plan for holiday bonuses?  December 1
Archives:
LINKS:

About us
• About The Storefront
Franchises
• Franchise registration
 • International Franchise Association
Recommended Reading
• Duct Tape Marketing
 • Small Business Trends
 • Washington Small Business Development Centers
Resources
• Development Centers
 • Economic Development Council
 • IRS barter tax tips
 • Labor and Industries
 • Seattle Score
 • Small Business Administration
 • Women’s Business Centers
 • Workforce Explorer

Startups
• IRS tips for starting a business
 • Small business planner
 • Tips for Washington state
Twitter Updates
    RELATED ARTICLES:
    • Cracks delay Delta 757 flight from Bogota to Atlanta  December 2
    • Unemployment rises in almost half of metro areas  December 2
    • Fed survey finds recovery gaining momentum  December 2
    • How Puget Sound area companies are keeping up with the coupon craze  December 2
    • AT&T ends lawsuit over Verizon Wireless ads  December 2
    • Panel OKs key regulatory measure; House vote next  December 2
    • Boeing rival Northrop Grumman threatens to drop out of Air Force tanker con...  December 2
    • Make your own decisions about career advice  December 2
    • Verizon landline sale advances  December 2
    • Janell Farnsworth, Janell's Gluten Free Market   December 2
     

    ADVERTISEMENT
    The Storefront
    November 9, 2009

     
     

    Chase to increase small-business lending next year


    Posted at 1:58 pm by Amy Rolph




    New York-based JPMorgan Chase announced plans today to expand lending to small businesses by up to $4 billion in 2010.

    According to American City Business Journals, the bank will hire more bankers to handle the extra work.

    That will bring the bank's total small-business lending up to $10 billion. According to a statement from Chase, most new lending activity will occur with business that make $10 million or less in annual sales.

    “We will provide more credit – and more one-on-one advice – to small businesses at this crucial time because they are so important to the U.S. economy,” said Charlie Scharf, head of retail financial services, in a news release.

    And that's just a start. Chase also plans to introduce a new line of credit cards geared toward businesses, and host online training and town halls on credit issues for small business.

    This comes at a time when banks are facing criticism for how they've used federal bailout money. Read more about that here.

    Chase bought Seattle-based Washington Mutual from the FDIC in September of last year.
    READER COMMENTS
    Be the first to comment.
    You must be a registered user and verify your e-mail address to post comments to blogs or articles on HeraldNet.

    To register, click here. To read other terms and conditions, click here.
    Log in or register to post new comment | Log out
      Return to The Storefront
    View All Coupons

    Over 1 Million Lights
    Lights of Christmas
    Warm Beach Camp

    25% off Bath & Groom
    New Customers
    Smokey Point Grooming

    Buy 1 Dinner Entree
    Get 2nd 50% Off
    Changs Mongolian Grill

    20% Off Dinner
    Up to $75 Value!
    Sockeye's Restaurant

    Holiday Specials
    up to 25% off!
    Wild Birds Unlimited

    Always Free
    Transmission Diagnostic
    Danas Transmission

    $1 off French Dip
    $4.99 Burger Basket
    50th Street Burger

    $2 OFF
    at Box Office
    Everett Silvertips

    Oil - Snohomish County
    Low Prices - Fill Now!
    American Distributing

    75% OFF
    Many Items. Hurry!
    Eagle Furniture

    $5 Off
    Stylecut
    Third Dimension Salon

    FREE 6 lb. Pad w/
    30yd Carpet Purchase
    Completely Floored

    Lube, Oil & Filter
    Buy 1 - Get 1 FREE
    American Car Care Center

    15% Off
    All Repairs!
    AAMCO Trasmissions

    Buy 1 Get 1 FREE
    Lube Oil Filter
    American Car Care Center

    Nutcracker
    Family Packs Available
    Pacific Northwest Ballet

    Holiday Getaway
    $99 dbl Occupancy
    Manresa Castle

    Lube, Oil & Filter
    Buy 1 - Get 1 FREE
    American Car Care Center
    TODAY'S TOP JOBS
     View All Top Jobs 
    Top Cars
    >> view all top cars
    >> view all cars
    Top Homes
    >> view all top homes
    >> view all homes

    ADVERTISEMENT
    |Contact Us |Advertiser Services |Home Delivery |Newsstand Locations |Classifieds |Feedback |About the Company |Work@the Herald |Site Map
    © 2009 The Daily Herald Co., Everett, WA.