TMC Community Capital to Expand Economic Opportunity in San Jose with support from JPMorganChase

San Jose, CA — TMC Community Capital, a nonprofit Community Development Financial Institution based in Downtown San Jose, is proud to announce a $250,000 commitment by JPMorganChase to advance economic mobility for small business owners across San Jose and the greater South Bay region. TMC Community Capital provides below-market, community-based microloans and technical assistance designed to meet entrepreneurs where they are and support long-term financial stability.

“Growing up in East San Jose and helping my grandmother at the Flea Market showed me how central small businesses are to family stability and community life,” said Daniel Fernandez, CEO of TMC Community Capital. “It’s why our work focuses on building fair, accessible pathways to growth for entrepreneurs.”

This commitment will strengthen TMC Community Capital’s ability to serve entrepreneurs through general operating support, technology development, partner expansion, and the continued growth of its community-based lending program. Together, JPMorganChase and TMC Community Capital are working to help ensure that small business owners in San Jose have access to the tools, capital, and support they need to build stable businesses and long-term financial security.

“JPMorganChase is proud to support TMC Community Capital’s work to help empower San Jose’s entrepreneurs with the resources and capital they need to grow, thrive, and build lasting economic opportunity,” said Tony Tolentino, Global Philanthropy Program Officer, JPMorganChase.

San Jose is home to a vibrant and diverse small business community, yet many entrepreneurs face persistent barriers to capital, especially those in historically under-resourced neighborhoods. This initiative recognizes the importance of investing in solutions that reflect the realities of local communities. By expanding its presence and partnerships in the South Bay, TMC Community Capital will be able to reach more entrepreneurs and create clearer pathways to economic mobility.

The grant will support a two-year initiative to deepen and expand TMC Community Capital’s Community-Based Lending Program in San Jose. Funding will help boost internal systems, enhance technology, and expand local community partnerships to make lending more accessible, responsive, and culturally competent. These efforts are designed to meet entrepreneurs at every stage, from first-time business formalization to preparing for long-term stability through milestone loans.

“Small businesses are the backbone of our economy, driving innovation, creating jobs and helping build stronger, more resilient communities,” said JPMorganChase’s Stacy Dickinson, Business Banking Relationship Manager, in San Jose. “We’re proud to uplift organizations that are helping entrepreneurs overcome barriers to growth. We know when San Jose businesses succeed, we all succeed.”

This work reflects JPMorganChase’s ongoing commitment to San Jose’s neighborhoods and the entrepreneurs who keep them thriving. With more than 1,500 employees in the area, JPMorganChase serves more than 77,000 small businesses and 860,000 banking customers across its 51 branches. By supporting community-based lending, the firm is helping ensure that small business owners who are often excluded from traditional financial systems have access to capital that is fair, timely, and rooted in trust.