news. small companies create about 2/3 of all new jobs. >> small businesses are not expanding to borrow more money, to purchase mr. capital equipment, and, property, and plant and -- and that has implications for the entire economy. >> in other small business lending news the nation's second largest bank, jpmorgan chase announced a new small business lending program to give small companies a break on interest charges if they hire new employees. the bank said it will lower the interest rate on the line of credit to a small business, by up to 2 percentage points, if it hires up to 3 new workers, and opens a business checking account. other banks and the federal government have also announced new efforts to increase small business lending. that is it for this edition of the small business report, in washington, peter barnes, fox business network. >> the fourth of july weekend, barbecues and fireworks, of course but a time to remember just how our freedom was won.