Chase rolls out new tools to boost small business credit and growth

Chase has introduced new features for small businesses using its mobile and online platforms. The updates include tools designed to help owners manage and improve their business credit profiles. These changes aim to provide more support beyond traditional banking services. One of the new tools is Business Credit JourneySM, a free service for monitoring and strengthening business credit. It allows owners to view both their business and personal credit details in one place. The tool also helps them spot changes early and take action to improve their credit standing.

Chase also expanded Customer Insights, an analytics feature that tracks customer and local market trends. These updates are part of a broader effort to combine banking tools with practical insights for small business growth.

Despite the importance of credit scores, only 49% of small business owners have checked theirs. Yet 80% believe a strong credit profile can make it easier to access financing and support long-term expansion. The new capabilities give small business owners more ways to track and enhance their credit. They also provide access to trends and insights all in one platform. This could help more businesses secure financing and plan for future growth.