JPMorgan launches American Dream Initiative, targeting 10 million small businesses

JPMorganChase launched a multi-year American Dream Initiative aimed at small businesses, raising its target from seven million to 10 million small businesses served. The bank plans nearly $80 billion of small business lending over the next 10 years. It also plans to add 1,000 small business bankers across its branch network.

• Target of 10 million small businesses, up from seven million
• Nearly $80 billion of small business lending over 10 years
• 1,000 more small business bankers across 5,000 branches
• Goal of reaching about five million people with financial education