Chase, the U.S. consumer and commercial banking arm of JPMorgan Chase & Co., said it extended nearly $7.5 billion in new loans to small businesses in California in 2012, up 58 percent from 2011.
California's share represented more than a third of $20.2 billion in new credit provided to small businesses nationwide -- up 18 percent over 2011.
Besides California, Chase said 2012 loan growth was strongest in the states of Nevada, Oregon, Washington, Florida and Louisiana.
Chase small business lending generally includes credit extended to firms with less than $20 million in annual revenue.
Distributed by MCT Information Services
Most Popular Stories
- Fantasy Football Gambling Industry Facing Increased Legal Scrutiny
- Obama Promoting Economic Gains As Elections Near
- As States Legalize Pot, Will Traffic Deaths Rise?
- 'Guardians of the Galaxy' Conquers the North American Box Office with $16.3M
- GE Capital and Petters-Related Fund in Legal Battle
- NATO Plans High-Readiness Force to Counter Russia
- California Conservation Conundrum: Water Use Varies Greatly Across State
- Combating Online Abuse Not Easy for Gamers
- Even With Surly 2014 Electorate, It's 'Still an Incumbent's World'
- Feds Want Nuclear Waste Train, but Nowhere to Go