JPMorgan Chase Commercial Banking provides credit and financing, treasury and payment services, international banking and real estate services to clients—including corporations, institutions, governments and real estate investors. Within commercial banking, the Middle Market Banking business has dedicated teams in the top 50 metropolitan statistical areas in the U.S., as well as specialized industry teams dedicated to industries such as health care, technology, disruptive commerce, life sciences and government banking. JPMorgan Chase is a leading global financial institution, with a history dating back more than 200 years. Currently the company has assets of $2.8 trillion with more than 250,000 employees and a presence in over 100 markets. JPMorgan Chase is part of the Dow Jones Industrial Average (NYSE: JPM).
JPMorgan Chase continues to expand its network in Nevada, and in October opened a new branch in Downtown Las Vegas, which is going through an exciting revitalization. The full-service branch at 411 E. Bonneville Ave. is fitted with a neon sign bearing Chase’s blue octagon logo and features modern design elements and open, collaborative spaces with ample room for meetings and “Chase Chats,” a new series of small group sessions focused on financial health. The branch is the first of several planned for Clark County over the next few years that will add to the current network of more than 50 branches in Nevada.
As part of JPMorgan Chase’s continued philanthropic investment in Nevada, it also announced funding for DreamSpring to increase access to business credit and pre- and post-loan technical assistance to underserved entrepreneurs throughout Nevada. The investment in DreamSpring enhances its capacity to help underserved entrepreneurs through access to credit and technical assistance that will help them create jobs and drive inclusive economic growth.
DreamSpring is a Community Development Financial Institution (CDFI) that offers small business loans ranging from $1,000 to $2 million, along with training and other support services, including credit reporting, business counseling and educational business resource events. DreamSpring will use the new $140,000 commitment to expand its lending program in Nevada.
In addition to the new $140,000 commitment for DreamSpring’s Nevada operations, in 2018, JPMorgan Chase also made a regional $2,035,000 investment in DreamSpring, which focuses on the development of a new regional technology platform to enhance and streamline lending to underserved entrepreneurs in Nevada, Arizona, Colorado, New Mexico and Texas. The new technology platform is helping borrowers across the region. The JPMorgan Chase investments are part of the firm’s global firm’s $150 million Small Business Forward program, which supports women, minority- and veteran-owned small businesses to help build their long-term success, creating local, inclusive economic growth.