Is JPMorgan Chase Bank a good match for your SBA loan?
JPMorgan Chase Bank’s project state SBA 7(a) loan approvals in 2020.
JPMorgan Chase Bank Highlights
JPMorgan Chase Bank is the all-time #3 SBA lender for number of loan approvals. They are one of five SBA lenders in the exclusive $10 billion approval amounts club. JPMorgan Chase bank ranks #8 in number of loan approvals in 2020 YE.
All-time JPMorgan Chase Bank has approved 86,700 SBA loans for $11,495,493,157. They approved borrowers from 4,956 cities, for projects in 47 states, in 1,199 industries, and for 1,150 franchise brands.
In 2020 JPMorgan Chase Bank approved 528 SBA loans for $140,554,000. The average loan approval amount in 2020 was $266,201.
JPMorgan Chase Bank approved borrowers from 331 cities, for projects in 29 states, in 195 industries, and for 23 franchise brands. Their average loan approval amount to franchise businesses was $450,191 in 2020.
Our forecast model projects JPMorgan Chase Bank approving about $109 million for SBA 7(a) loans in 2021.
Read our SBA Lender page on JPMorgan Chase Bank for their full report, but below are a few highlights:
JPMorgan Chase Bank Historical SBA 7(a) Lending
JPMorgan Chase Bank Loan Approvals
2020 Top 25 Business Industries
JPMorgan Chase Bank approved the most loans for the Plumbing, Heating, and Air-Conditioning Contractors industry followed by Electronic Shopping and Mail-Order Houses industry and the General Freight Trucking - Long Distance industry. JPMorgan Chase Bank approved SBA 7(a) loans for 195 different industries in 2020.
JPMorgan Chase Bank Loan Amounts
JPMorgan Chase Bank’s average SBA loan approval amount in 2020 was $266,201.
88.64% of all JPMorgan Chase Bank approved loans in 2020 were for loan amounts up to $350,000.
50.19% of all JPMorgan Chase Bank approved loans in 2020 were for loan amounts up to $150,000.
Less than 5% of JPMorgan Chase Bank’s approved loans in 2020 were for loan amounts over $1 million.
1.5% of JPMorgan Chase Bank’s loan approvals were for multi-million loan amounts.
JPMorgan Chase Bank is the #8 Ranked National SBA Lender
For 2020 JPMorgan Chase Bank ranks #8 in number of loan approvals.
In 2020 JPMorgan Chase Bank approved 528 SBA loans for $140,554,000.
JPMorgan Chase Bank’s average loan approval amount was $266,201.
In 2020 JPMorgan Chase Bank approved borrowers from 331 cities, for projects in 29 states, in 195 industries, and for 23 franchise brands.
See our full (and free) SBA report on JPMorgan Chase Bank
This report has about everything a small business owner would want to know to determine if JPMorgan Chase Bank would be a good match for an SBA loan. See how JPMorgan Chase Bank ranks in multiple SBA loan categories, our SBA lending forecasts for JPMorgan Chase Bank, the top 25 industries and franchise brands JPMorgan Chase Bank approved loans with, the top project states and borrower cities, and more.
