Provident Bank has announced the bank recently awarded a total of $50,000 in grants to 11 small businesses and 4 non-profit organizations as part of the Federal Home Loan Bank of New York Small Business Recovery Grant Program. The SBRG program provides funds to benefit FHLBNY members’ small businesses, including farms and non-profit customers. 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.
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