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Brightpoint Receives Funding From JPMorgan Chase & Co. To Grow Consumer Loan Program

Brightpoint Receives Funding From JPMorgan Chase & Co. To Grow Consumer Loan Program

Brightpoint (previously Community Action of Northeast Indiana or CANI) announced that is has received nearly $1 million in funding from JPMorgan Chase & Co. to expand its consumer loan program today. Brightpoint received this prize as an element of a $5.1 million grant towards the Community Loan Center Coalition of Texas and Indiana.

“The reason for this grant would be to spend money on an employer-based, small-dollar loan system which will offer a substitute for payday lending,” reported Brightpoint President/CEO Steve Hoffman. “Thanks into the nice money from JPMorgan Chase, Brightpoint should be able to help to keep more bucks into the pouches of families within our community.”