JP Morgan Chase said it doubled its lending through the Small Business Administration in the first half of fiscal 2011, providing $448 million to help businesses and the U.S. economy grow. The bank said it remained the No. 1 SBA lender in the country, with 2,373 SBA loans for the first half of the fiscal year.
Officials said the dramatic increase in Chase’s 2011 SBA continues the bank’s expansion of SBA lending. It increased lending 217% in 2010, providing $434 million in credit to businesses.
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