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
- Homeowners More Satisfied With Mortgage Servicers
- Why Samsung Shares Plunged in the April-June Quarter
- House Shelves Immigration Bill, Goes on Vacation
- NASA Plans to Make Oxygen on Mars
- What Hamas and Israel Hope to Gain in Gaza
- Notorious RBG Tells All in Couric Interview
- House GOP Leaders Abandon Immigrant Bill
- Wisconsin Supreme Court: Voter IDs Must Be Free
- Market Loses All of July's Gains in One Day
- Ford Tremor: Easy to Park, Hard to Pay For