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Save the Date: JPMorgan Chase to Launch the 2019 AdvancingCities Challenge This Month

On October 21, 2019, JPMorgan Chase will open its next Request for Proposals (RFP) for its annual competition that aims to source and seed creative, collaborative and sustainable solutions to help more people benefit from a growing economy.

Source: JPMorgan Chase & Co.


Lendio’s Latest Study Reveals Increase Demand for Capital Among Hispanic Business Owners

The study, which included more than 5,000 of Lendio’s small business customers, reveals the number of Hispanic business owners taking on loans increased by 8% versus 3% among non-Hispanic owners.

Source: Crowdfund Insider


New Opportunities are on the Horizon for Credit Unions

As credit unions address the need for more tailored services, their opportunities with small businesses are growing. In addition to focusing on technology as a drive of lending, credit unions can also capitalize on a favorable regulatory environment to earn more customers.

Source: PYMNTS.com


Rival Banks Collaborate to Invest in Underserved Communities

U.S. Bank, First Midwest, and Providence Bank & Trust have joined forces with Fifth Third Bank and JPMorgan Chase to provide capital to minority business owners. This collaboration is a stark contrast to their competition in the marketplace and in philanthropic efforts.

Source: Crain’s Chicago Business


Survey Finds Businesses Having a Harder Time Getting Credit

Pepperdine University’s Graziadio School of Business and Management and Dun & Bradstreet released a joint study that found that 59% said it was difficult to get debt financing, up from 56% in a survey in the second quarter.

Source: Long Island Business News