Overview
JP Morgan Chase Bank is our #4 ranked SBA lender. JP Morgan did small business SBA lending in 31 states last year. The majority of loan activity was in the most populous states (California, Texas, Florida, New York, and Illinois). Surprisingly JP Morgan did not do a single 7(a) loan in Tennessee or North Carolina.
Number of SBA small business loans provided by this bank last year:
Interest rates charged by JP Morgan Chase Bank the past two years for SBA loans over $50,000 with terms of seven years or greater:
Some of the top industries that this bank specializes in:
| Industry | Avg Loan $ | Avg Int |
|---|---|---|
| Restaurants | $309,002 | 6.8% |
| Trucking | $59,434 | 7.7% |
| Doctors | $248,926 | 7.1% |
| Dental Practice | $356,574 | 6.3% |
| Remoldelers | $109,629 | 7.8% |
| Beauty Salons | $114,553 | 7.5% |
| Fitness Center | $271,622 | 6.6% |
| Law Firms | $189,887 | 7.3% |
| Landscaping | $127,210 | 7.2% |
| Plumbing & HVAC | $238,117 | 7.3% |
| Day Care | $406,337 | 6.5% |
5
8.08%
2.83%
11.50%
1,853
$408,436,900
$220,419
$5,000
$4,929,000
10
300
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