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JPMorgan projects $10T small-business ownership will change in decade

By Drooid · Sep 14, 2026, 6:47 PM UTC · How we work

Summary

Story summary

JPMorgan Chase released a report estimating 12 million small businesses, holding nearly $10 trillion, will change hands in the next decade.
The report’s survey of 1,000 owners found 70% are in early succession stages while only 8% have advanced plans.
McKinsey Institute estimates 6%-13% of small-business closures could be avoided with better succession planning.
JPMorgan pledged $80 billion in small-business lending over 10 years and $11.5 million for ownership-transition philanthropy.

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Story summary

JPMorgan Chase released a report estimating 12 million small businesses, holding nearly $10 trillion, will change hands in the next decade.
The report’s survey of 1,000 owners found 70% are in early succession stages while only 8% have advanced plans.
McKinsey Institute estimates 6%-13% of small-business closures could be avoided with better succession planning.
JPMorgan pledged $80 billion in small-business lending over 10 years and $11.5 million for ownership-transition philanthropy.