Provident Bank, a New Jersey-based financial institution, recently awarded an additional $50,000 in grants to five non-profit organizations as part of the Federal Home Loan Bank of New York (FHLBNY) Small Business Recovery Grant (SBRG) Program.
The SBRG Program provides funds to benefit the small businesses of FHLBNY members, including farms and non-profit organizations. Through the SBRG Program, members can provide grants of up to $10,000 to qualifying small businesses that have faced economic challenges due to the rate environment, inflation, supply-chain constraints and/or rising energy costs.
“Our continued partnership with the Federal Home Loan Bank of New York allows us to extend meaningful support to organizations that are doing critical work in our communities,” Leonardo Ramos, first vice president, CRA officer at Provident Bank, said. “These additional grants help strengthen local non-profits and ensure they can continue delivering essential programs and services to those who need them most.”
Each of the following non-profit organizations received a $10,000 grant through the FHLBNY SBRG Program:
- Community Food Bank of New Jersey
- East Trenton Collaborative
- Mercer Street Friends
- Oasis
- Rescue Mission of Trenton
