This Business News Story Was Uncovered By Us From: https://www.under30ceo.com/business-loan-rates-dimon-warning-founders/
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When the head of the country’s largest bank talks about borrowing risk, founders with debt should listen. In coverage of JPMorgan’s third-quarter results, Jamie Dimon pointed to large deficits, stubborn inflation, rising rates, and geopolitical uncertainty as the risks his bank is preparing for.
That matters because business loan rates drive what you can afford to build, hire, and buy. Dimon also cautioned that another one-point rate increase could be especially painful for borrowers who must refinance. Below is a plain framework for stress testing your own debt, and it pairs well with what we covered on the venture capital fund landscape for founders weighing equity instead.
What the Big Bank Earnings Reveal
The headline numbers were mixed. JPMorgan’s adjusted earnings of $5.75 per share missed the $5.90 forecast, while revenue rose 8% to $50.91 billion. Its set-asides for expected loan losses fell 19%, which suggests borrowers are paying back loans on time.
Credit card charge-off rates, latest quarter versus a year earlier
Bank
Latest
Year earlier
JPMorgan
2.91%
3.15%
Wells Fargo
3.73%
4.02%
Citigroup
3.6%
4.0%
Wells Fargo chief executive Charlie Scharf argued that AI investment, high employment, and wage growth outweigh the pressure from rates, oil, and inflation. In other words, today’s borrowers look healthy. The risk Dimon flags is about what happens if conditions change.
Why a Healthy Bank Can Still Mean a Tough Loan
Strong credit performance does not guarantee cheap money for small companies. Banks that cut buybacks to prioritize business investment, as JPMorgan said it did, may lend more. Still, lenders price in risk, and they can tighten quickly when spreads widen.
The bank reported no specific figures on small business lending this quarter. So treat the earnings as a mood signal, not a forecast for your own application. Your rate will depend on your revenue, your cash flow, and yo… Read More
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