Tag Archives: Chase Business Banking

Business, Finance, Occupation & Industry

U.S. Ex-Im Bank Recognizes JPMorgan Chase for Its Commitment to Helping Businesses Grow

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By Business Wirevia The Motley Fool

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U.S. Ex-Im Bank Recognizes JPMorgan Chase for Its Commitment to Helping Businesses Grow

J.P. Morgan awarded Ex-Im Bank Lender of the Year; financed $291 million in 2012

Chase lent $20 billion to American small businesses in 2012, third consecutive year as #1 SBA lender

NEW YORK–(BUSINESS WIRE)– In recognition of its commitment to helping the economy grow and support small and medium-sized businesses in the U.S., J.P. Morgan today received the Lender of the Year award from the Export-Import Bank of the United States (Ex-Im Bank).

In 2012, J.P. Morgan employed more than $291 million of the Ex-Im Bank’s Working Capital product, a program that helps J.P. Morgan extend credit for the export of U.S. goods and services by allowing the bank to accept trade-related inventory as collateral. Last year, $181 million went toward supporting small businesses. J.P. Morgan has consistently been among the top five most active users of Ex-Im Bank’s Working Capital program.

“J.P. Morgan has done a terrific job of reaching small- and medium-sized businesses,” said Ex-Im Bank Chairman and President Fred P. Hochberg. “We look forward to continuing our work with J.P. Morgan and ensuring that American exporters have access to the financing they need to grow their companies and succeed in the international market.”

“Our Global Trade business is proud to support so many small and mid-sized companies by lending to corporations around the globe,” said Daniel Cotti, J.P. Morgan’s head of global trade for the Corporate & Investment Bank. “The US Ex-Im Bank has been a critical partner so that our financing activities ultimately support the growth of American businesses and exports. We plan to increase our engagement even further in the months and years to come.”

The Lender of the Year award from Ex-Im Bank follows the U.S. Small Business Administration‘s announcement that Chase was its #1 lender by approved units. Overall, Chase provided more than $20 billion in new credit to American small businesses in 2012, up 18% from the prior year, and increased its lending to middle market companies for the 11th consecutive quarter.

“JPMorgan Chase is committed to helping small and medium-sized businesses grow and compete in the global marketplace,” said Scott Geller, CEO of Chase Business Banking. “We are proud of the work we’ve done and are continuing to do our …read more

Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

New Chase Platinum Business Delivers Big Value to Small Business Customers

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By Business Wirevia The Motley Fool

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New Chase Platinum Business Delivers Big Value to Small Business Customers

Unmatched by competitors, concierge-level service launches with national advertising campaign

NEW YORK–(BUSINESS WIRE)– Chase, one of America’s leading banks for small businesses, today launched a national advertising campaign to introduce Chase Platinum Business (@ChaseNews, #ChasePlatinumBusiness). Chase Platinum Business provides dedicated customer support with free and discounted fees on the types of services that most established companies depend on to do business. No other major bank offers established small businesses this indispensible combination of services in one package.

“Chase Platinum Business helps us provide extra value and preferred service in one offer,” said Scott Geller, CEO of Chase Business Banking. “We created it by listening to what our customers said was most important for managing their significant electronic deposits and simple cash management needs.”

Chase Platinum Business customers receive concierge-level service with an assigned banker and dedicated phone support. Chase waives the $95 monthly fee for businesses that maintain an average balance of at least $100,000 in business deposits and investments.

The advertising campaign (www.chase.com/platinumbusiness) features three Chase Platinum Business customers who tell their stories in extended-length videos and print and radio ads:

  • Mark Murrell, Black Point Seafood – An online business that provides dock-to-doorstep delivery of the world’s best Maine lobster. www.getmainelobster.com
  • Daniel Solomon, Minute Suites – Private airport retreats to nap, relax, or work. www.minutesuites.com
  • Ed Freimuth, Versatility Tool Works – Manufacturer of complex fabricated metal assemblies – www.versatilitytool.com

Advertising will appear in targeted radio, print and digital business publications, including The Wall Street Journal, Crain’s, Forbes, LinkedIn and Entrepreneur, as well as regional Business Journals and trade publications.

The Chase Platinum Business advertising campaign follows Mission Main Street, a 2012 effort that highlighted how Chase’s financing helped six entrepreneurs expand their businesses. Told from the business owners’ perspective, the videos capture the spirit of American enterprise, which Chase understands by serving four million businesses through Chase Business Banking, Ink® from Chase credit cards and Chase Merchant Services. In 2012, Chase provided more than $20 billion in new credit to small businesses, and it approved more SBA loans in the SBA‘s 2012 fiscal year than any other bank in the …read more
Source: FULL ARTICLE at DailyFinance