Chase To Increase Small Business Lending by $4 billion in 2010

Will Hire 325 Additional Bankers to Help Business Owners

Demonstrates Chase`s Support for Small Business, Overall U.S. Economy
NEW YORK--(Business Wire)--
Chase announced today that it plans to increase its lending to small businesses
by up to $4 billion in 2010, boosting expected new lending to about $10 billion
to this vital segment of the U.S. economy.

This will provide businesses with increased access to working capital, term
loans for expansion, commercial mortgages, lines of credit, and business credit
cards. While the $4 billion in additional credit will be available to qualified
businesses with annual sales of less than $20 million, the majority of new loans
will be targeted to companies with sales of less than $10 million.

Chase has $29 billion in outstanding balances in loans, lines and credit card
balances to businesses with annual sales of less than $20 million. Small
businesses are typically served by specially trained business bankers, and
generally will receive a credit decision within a week of application.

Chase also will hire 325 additional small business bankers - most of them
working from Chase bank branches to help reach small businesses with annual
sales of less than $10 million. That adds 17% more bankers to the 1,900 bankers
who currently support the less than $10 million segment.

"We will provide more credit - and more one-on-one advice -- to small businesses
at this crucial time because they are so important to the U.S. economy," said
Charlie Scharf, head of Retail Financial Services at Chase, part of JPMorgan
Chase & Co. "We urge small businesses owners to use the additional capital to
expand and create jobs, and spur economic growth.

"We will continue to follow disciplined underwriting standards to confirm the
businesses can afford the financing over the long term," he said. "Obviously,
our new loan volume will depend on demand from qualified businesses."

In addition, Chase will:

* Allow customers to request a second loan review to ensure the bank has
examined all possible ways to provide the credit. Small business owners can call
(888) 788-3082 to speak directly to a Chase credit expert to learn why a loan
was declined, whether additional information would be helpful, and what the
customer might do to get the credit eventually.
* Roll out an expanded line of credit cards called Ink from Chase with features
and benefits to help business owners manage their everyday cash-flow needs.
* Host webinars and Credit Town Halls throughout 2010 to help small businesses
learn more about the credit process.

About Chase

Chase is the U.S. consumer and commercial banking business of JPMorgan Chase &
Co. (NYSE: JPM), which operates more than 5,100 branches and 15,000 ATMs
nationally under the Chase brand. Chase has 146 million credit cards issued and
serves consumers and small businesses through bank branches, ATMs and mortgage
offices as well as through relationships with auto dealerships and schools and
universities. More information about Chase is available at www.chase.com.

Chase
Media Contact:
Thomas Kelly, 312-732-7007
thomas.a.kelly@chase.com

Copyright Business Wire 2009