FOR IMMEDIATE RELEASE
NEW YORK, NY (June 1, 2026) — TruFund Financial Services, a leading nonprofit Community Development Financial Institution (CDFI), today announced it has received a $2.3 million grant from JPMorganChase as part of the firm's newly launched American Dream Initiative, an effort designed to expand access to capital for underserved entrepreneurs and strengthen local economies across the United States.
The investment will enable TruFund to enhance its operational infrastructure while leveraging and deploying approximately $30 million in financing to 150 small businesses throughout Atlanta, New York, and New Jersey over the next two years. According to JPMorganChase, the initiative is expected to catalyze more than $500 million in additional private capital and support the creation of approximately 6,000 sustainable jobs nationwide.
"At TruFund, we understand that access to capital remains one of the greatest challenges facing many small business owners, particularly those operating in underserved markets," said James H. Bason, President & CEO of TruFund Financial Services. "This investment from JPMorganChase represents a strategic commitment to entrepreneurs whose businesses serve as economic engines in their communities. With this support, we can accelerate the deployment of responsible, flexible capital to businesses that are poised for growth."
As a mission-driven lender with a long-standing commitment to advancing economic mobility, TruFund provides loans, technical assistance, and business advisory services to entrepreneurs, nonprofits, and community-based organizations that may not have access to traditional financing. The organization has deployed hundreds of millions of dollars in capital since its inception, helping businesses create jobs, generate wealth, and strengthen communities across its service footprint.
The JPMorganChase grant aligns with TruFund's strategic focus on expanding equitable access to capital and ensuring that entrepreneurs have the resources needed to thrive in today's evolving economy.
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About TruFund Financial Services
Founded in 2005, TruFund Financial Services, Inc. is a national Community Development Financial Institution dedicated to expanding access to capital and business support services for entrepreneurs and communities historically underserved by traditional financial systems. Through innovative financing solutions and strategic partnerships, TruFund advances inclusive economic development and drives long-term community impact.
Since its inception, TruFund has deployed $716.8 million in capital to 3,978 businesses nationwide. This investment has supported 31,706 jobs, representing an average of 44 jobs created or retained for every $1 million in financing, underscoring TruFund’s role as a catalyst for sustainable economic growth.
To learn more about TruFund’s mission, impact, and financing solutions, visit www.trufund.org.
Media Contact
Allison M. Washington
Assistant Vice President | Director of Marketing & Communications
TruFund Financial Services
awashington@trufund.org
917.838.5804
