JPMorgan Chase today announced an investment of $1.6 million to the non-profit Accion to develop a state-of-the-art online system that streamlines lending to help reach and assist more underserved entrepreneurs and small businesses to create jobs and increase revenue.

The new lending platform has the potential to assist thousands more small businesses and entrepreneurs in the region comprised of Arizona, Colorado, Nevada, New Mexico and Texas, with the expectation of serving as a model that can be shared with the sector. 

Accion is an award-winning Community Development Financial Institution (CDFI) that increases access to business credit, makes loans and provides training to assist underserved entrepreneurs to advance their businesses and catalyze positive economic and social change. 

The enhanced system will have a transformational effect on Accion’s clients with 250…

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