{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"Powering-up small businesses to unleash economic growth with JPMorganChase and First Enterprise","description":"Colleen Ebbitt from JPMorganChase and Danielle Davis from First Enterprise join us today for a fascinating chat about listening to and supporting under-served businesses so they can thrive. How? Well, Colleen covers JPMorganChase's small business philanthropy, which supports small business owners on their journeys to growth. A \u00a34m initiative, supported by JPMorganChase, is strengthening community development finance institutions' operations and helping CDFIs to deploy small business loans to great businesses which can't get the finance they need elsewhere. "The problems that we're trying to solve are complex, multifaceted. They cannot be solved by private sector alone, public sector alone, social sector alone. So the work we do should focus on solving problems and creating value," says Colleen, explaning JPMorganChase's philosophy on the value of partnerships and creating community impact. She also talks about: \u2022 the unique value of CDFIs as experts in supporting underserved businessses and under-invested regions \u2022 how CDFIs take a relationship-based approach: "very different than other parts of the access to finance ecosystem that have become much more automated and quite frankly can make it even more difficult or create additional barriers for accessing finance" \u2022 complementarity with the British Business Bank's groundbreaking Community ENABLE Funding (CEF) Programme \u2022 the mid- and long-term potential outlook and impact \u2022 being part of a "sea-change" by wortking with Responsible Finance, the BBB and CDFIs First Enterprise is a CDFI which has been around since 1989. Danielle Davis covers how it has always had a strong focus on supporting underserved businesses, including those led by female and ethnic minority founders. She describes how the JPMorganChase-supported capacity-building programme is giving First Enterprise new "oomph". It's a potent combination, "capital plus capacity" \u2013 First Enterprise is an accredited lender through the BBB's CEF programme, and Danielle explains how this means First Enterprise can support many more businesses. Also in Danielle's segment: \u2022 how First is developing while maintaining everything its customers value such as non-financial business support \u2022 what AI can enable \u2022 refinancing short-term high-interest debt, with examples of a business which First Enterprise were able to save more than \u00a330,000 pounds a month by refinancing stacked deals What next? \u2022 More about Responsible Finance and our member CDFIs: https:\/\/responsiblefinance.org.uk ","author_name":"The Responsible Finance Podcast","author_url":"http:\/\/responsiblefinance.libsyn.com\/website","html":"