Brightpoint (previously Community Action of Northeast Indiana or CANI) announced today this is certainly has gotten almost $1 million in financing from JPMorgan Chase & Co. to grow its customer loan system. Brightpoint received this honor as an element of a $5.1 million grant to the grouped Community Loan Center Coalition of Texas and Indiana.

“The function of this grant is always to spend money on a company based, tiny buck loan system that may provide an substitute for payday lending,” reported Brightpoint President/CEO Steve Hoffman. More