JPMorgan Chase foundation awards grant to PeopleFund
to Support New PeopleStart Program Coming Early 2015
Austin, Texas – The JPMorgan Chase Foundation has approved a $40,000 grant in support of PeopleStart, PeopleFund’s startup business education program that helps new small business owners build skills in financials, accounting, administration, and sales. The funds will support a new Healthcare and Construction Cohort Lending/Learning Program, coming early 2015. Stay tuned on the blog for upcoming announcements about the exciting new ways that PeopleStart will be serving small businesses in these industries!
About PeopleFund –
Peoplefund is a registered 501(c)3 nonprofit organization established in 1994. It is a U.S. Treasury certified Community Development Financial Institution (CDFI) and SBA certified lender. PeopleFund provides business loans up to $250,000 to Texas businesses that do not qualify for bank loans. It also provides client business assistance and education. The target market is minority, women, and veteran business owners and those residing in low to moderate income communities. 89% of PeopleFund loans are made within the target market and 51% of loans are to startup businesses with fewer than two years in business, as well as to nonprofit and community organizations with high social impact. Through access to capital and educational opportunities, PeopleFund creates economic opportunity and financial stability for underserved people to build healthy small businesses.
About the JPMorgan Chase Foundation –
JPMorgan Chase works with community partners to create pathways to opportunity by supporting workforce development, financial capability, small business development and community development in the regions where we do business. In 2013, JPMorgan Chase and its Foundation gave more than $210 million to thousands of nonprofit organizations across 42 U.S. states, the District of Columbia, and 44 countries around the world. More than 47,000 employees provided 540,000 hours of volunteer service in local communities around the globe. For more information about JPMorgan Chase & Co. and their corporate responsibility programs, click here.