Chase Manhattan Corp. has received the Pinnacle Award from the Small Business Administration for its lending in the New York City area.

Chase made 493 SBA loans totaling $26 million in the downstate New York region from October 1995 through September 1996, an increase of 190% from the previous year. Nearly one-third of sits SBA-guaranteed loans were to women or minority group members.

In November 1995, Chase announced a five-year plan to lend $3.4 billion to small businesses and nonprofit groups. About $1 billion is targeted to borrowers in low- to moderate-income areas.

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