Hire an Employee and Chase Bank will lower your Business Line of Credit interest rate
Posted on Thursday, July 1st, 2010 at 4:50 pm.
NEW YORK–(BUSINESS WIRE)–Continuing its commitment to small businesses, Chase announced today an innovative incentive that rewards businesses for each new employee they hire this year.
Starting today, Chase will lower its interest rate on a new Chase Business Line of Credit by 0.5 percentage point for each new hire, up to three, for the life of the loan. Counting the discount for a new business checking account, a small business owner could save about $4,000 over three years on an outstanding balance of about $65,000, Chase estimated.
“We encourage businesses to take advantage of the lowest interest rates in years and to create more jobs for the economy,” said Jamie Dimon, Chairman and Chief Executive Officer of JPMorgan Chase. “We know how important it is to help small businesses because they are core to the U.S. economy.”
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