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Chase Provides Details for Tapping up to $5 Billion in Additional Capital for Businesses Impacted by Superstorm Sandy

Chase today further outlined specifics for businesses impacted by Superstorm Sandy to take advantage of the company’s commitment to lend up to $5 billion in additional capital. They include:

  • Any business impacted by Superstorm Sandy can apply for expedited credit by calling 1-800-CHASE38 (1-800-242-7338), visiting a Chase branch, or contacting their banker
  • Special pricing and benefits may be available to qualifying businesses applying by January 31, 2013
  • Lending is part of overall support including $5 million in charitable support, waived fees, extended services

In the past two weeks, Chase Business Bankers have called nearly 90,000 customers in the storm’s path to inquire about their well-being and ask how Chase can help.

“We realize many business owners may still be assessing Sandy’s impact on their operations, and our message is that we’re here to help,” said Scott Geller, CEO of Chase Business Banking.

The $5 billion capital commitment to small and mid-sized businesses is on top of ongoing business lending at Chase. In the first three quarters of 2012, Chase extended $15 billion of credit nationally to businesses with under $20 million in annual revenue. As the leading SBA lender in the northeast and the nation, Chase works closely with the U.S. Small Business Administration on disaster recovery and other programs.

About Chase

Chase is the U.S. consumer and commercial banking business of JPMorgan Chase & Co. (NYSE: JPM), a leading global financial services firm with assets of $2.3 trillion and operations in more than 60 countries. Chase serves more than 50 million consumers and 4 million small businesses through more than 5,500 bank branches, 17,500 ATMs, credit cards, mortgage offices, and online and mobile banking as well as through relationships with auto dealerships. More information about Chase is available at www.chase.com and @ChaseNews.

Contacts:

JPMorgan Chase & Co.
Mike Fusco, 212-270-5089
Michael.f.fusco@jpmchase.com
Mary Jane Rogers, 303-244-3142
maryjane.h.rogers@chase.com
Melissa Shuffied, 212-270-5730
melissa.shuffield@jpmorgan.com
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