“Other banks in NYC would not even consider me. I was starting at the bottom and had to build, but Spring Bank still gave me a chance. They said we’ll revisit the loan amount every year, and if I keep growing, they’ll keep growing with me.” —Dr. Nneka Bell, Founder of Celebrities Quality Painting & United States Navy Veteran When other doors close, ours are open! We pride ourselves on providing small business owners with the chance to grow their businesses through our trusted banking solutions. It’s been a pleasure working with Dr. Nneka Bell, and we can’t wait to see Celebrities Quality Painting grow as a trusted construction partner for various clients and projects. Our small business solutions have been helping small businesses grow for 15 years. Here’s how: https://lnkd.in/eF3RCHCr #bronx #community #nyc #smallbusiness #smallbusinessowner #smallbiz #businessowner #businesstips #entrepreneur #entrepreneurship #entrepreneurs #entrepreneurlife #finance #financetips #lending #loan #loans #smallbiztips #smallbusinesssupport
Spring Bank NY
Banking
Bronx, New York 1,216 followers
Humanizing Banking. Creating Local Impact.
About us
We exist to create a world where all people have equal access and the opportunity to build prosperous and abundant futures for their families and communities. As a certified B Corp and Community Development Financial Institution (CDFI) in the South Bronx borough of New York City, we serve borrowers that don’t look like the companies larger banks pick and choose. They are small commercial real estate owners, small restaurants, retailers, small mom and pop stores, nonprofits and other local businesses that serve that community. We support people who have been typically underbanked with small loans so that financial stress doesn’t prevent someone from a productive and healthy life. Our goal is to protect our community from exploitative, predatory loans and check-cashing institutions, ultimately restoring and building the financial wellbeing of our city. Our team loves what we do, and we treat our teammates and our customers with respect and do the right thing. Our customers really appreciate that, especially that we are happy to walk them through the process of choosing and applying for financial products that work for them. Visit our website at www.spring.bank for a full list of products, rates, and services.
- Website
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https://spring.bank/
External link for Spring Bank NY
- Industry
- Banking
- Company size
- 11-50 employees
- Headquarters
- Bronx, New York
- Type
- Privately Held
- Founded
- 2007
- Specialties
- Small Business Lending, Nonprofit Lending, Small Personal Loans, Commercial Lending, Financial Empowerment Program, Personalized Service, Competitive Interest Rates, Employee Opportunity Loan, Business Banking, Nonprofit Banking, High-Yield Savinigs Accounts, Certificate of Deposit (CDs), and Community Impact
Locations
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Primary
69 E 167th St
Bronx, New York 10452, US
Employees at Spring Bank NY
Updates
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Be prepared for anything! 🛡 Building an emergency fund can help your business withstand tough times; aim to set aside 3-6 months' worth of operating expenses. With tips on planning for emergencies and evaluating your finances, you can stay on top of your business goals. Check out our full list of money management strategies for small businesses. 💰 https://lnkd.in/ett4c4ru #business #Businesstips #smallbusiness #smallbiz #debt #budget #budgeting #strategy #businessowner #smallbusinessowner #money #moneymanagement #essentials #budgeting #growth #nonprofitorganization #nonprofit
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Did you catch us out on the water? We had an amazing time at Rocking the Boat’s (RTB) annual Rocking Manhattan event! Each fall, teams participating in Rocking Manhattan pledge to raise $25,000 for RTB and gear up for an all-day 29.5-mile row around Manhattan Island. Our team had a blast (and a great workout) rowing to support our lovely friends at Rocking the Boat. 🚣💚 Learn more about our partnership with Rocking the Boat: https://lnkd.in/eJJAPgMY #lending #loan #loans #finance #financialliteracy #nyc #community #impact #bronx #nonprofit #nonprofitorganization #communityfirst #team #partner #fundraising #fundraiser
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With school back in session, youth nonprofits are an amazing (and affordable) way to keep your child extra engaged during the school year! Our nonprofit partner, BronxWorks, offers youth services for children of all ages. These include early childhood centers, afterschool programs, camps, and adolescent development programs. No matter your needs, BronxWorks likely has a solution for your family. We’re proud to partner with BronxWorks and many other youth nonprofits that provide free, invaluable resources to New York City families. Discover a selection of our youth-focused nonprofit clients here: https://lnkd.in/e35Db-tj Photo credit: BronxWorks #business #smallbusiness #smallbiz #lending #nyc #community #impact #support #lovenyc #loan #proud #success #education #youth #transformation #justice #leadership #nonprofit #youthempowerment #nyceducation #educationmatters #backtoschool #childcare #growth #resilience #partner #partnership #family #families
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“No matter the flashy classes you come up with, the nuts and bolts of our business is that you have talented teachers who are good people with solid judgment and who are also skilled at working with each other.” - Madeline Bender, Founder & Executive Director of Creative Stage When it comes to the success of youth-focused businesses, a lot weighs on parental satisfaction with product offerings. As the owner of Creative Stage, a performing arts education company for children, Madeline recognizes that and makes quality a core priority by curating a team of professional artists, designers, actors, and musicians to work collaboratively with children and help bring their creative visions to life. The result? Fun, engaging programs for children and equally satisfied parents. 🙌 Learn more about Madeline’s journey and how our small business banking solutions facilitated Creative Stage’s growth: https://lnkd.in/eQb5rCpg #business #smallbusiness #smallbiz #lending #nyc #community #impact #support #lovenyc #loan #proud #innovation #innovative #success #education #youth #school #nycschool#leadership #youthempowerment #creative #performingarts #quality #qualityfirst #theater #thearts #theaterkids
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"Making the connection between the issues people care about and the election is a core part of our work.” - Juanita Lewis, Executive Director of Community Voices Heard (CVH) Born from the commitment of eight women in 1994, CVH gives voice to people who are marginalized by systems designed to keep them in poverty. With 30 years of impactful work under their belt, CVH has evolved into a member-led organization that tackles challenging issues through grassroots organizing, leadership development, and advocacy for policy changes that benefit all New Yorkers. 💪 As Community Voices Heard continues to expand its reach and impact, we are honored to support their work with our nonprofit banking solutions. Learn more about our collaboration and their impact here: https://lnkd.in/eE9JkBAn #business #smallbusiness #smallbiz #lending #nyc #community #impact #entrepreneurship #entrepreneur #support #lovenyc #loan #proud #innovation #innovative #success #inspired #inspired #journey #smallbusinessdevelopment #businessjourney #inspiration #advocacy #advocate #policy #publicpolicy #grassroots #nonprofit #nonprofits #equality #commitment
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“I would not be where I am without Spring Bank. It’s been a long, 12-year battle to get a bank to work with us. Spring Bank saw our vision and the contracts we had with New York City, and they took a chance on us.” — James White, CEO of DTM Parts Supply Inc. If you ever feel discouraged on your small business journey, we encourage you to use James’s story as inspiration to keep going. 💡 A family-run MWBE (Minority and Women-Owned Business Enterprise), DTM specializes in providing high-quality truck parts to New York City and government agencies. Though many other banks turned them away, DTM’s vision was crystal clear to us, and we were enthusiastic to work with them! Learn more about DTM Parts Supply Inc’s journey to success and our commitment to helping them thrive: https://lnkd.in/enKYruF2 #business #smallbusiness #smallbiz #lending #nyc #community #impact #entrepreneurship #entrepreneur #support #lovenyc #loan #proud #innovation #innovative #success #inspired #inspired #journey #smallbusinessdevelopment #businessjourney #inspiration
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“Spring Bank is good at guiding people to help improve their financial mastery. Where some people might not know how to navigate the lending process, Spring Bank can offer that support.” - Smile Butt, Credit Analyst Summer Intern We’re so proud to offer our interns impactful, rewarding experiences every summer! Working with Smile was a pleasure, especially since we got to show her first-hand the importance of our community-driven mission. 🙌 Read more about Smile’s internship experience and how we changed her perspective on banking: https://lnkd.in/gyJYxJdv #staffspotlight #intern #interns #internship #inspired #inspiration #experience #lending #learning #missionfocused #nyc #bronx #culture #community #financialliteracy #financialwellness #team #teamwork #bank #banking #loan #prosperity #customerservice #empowerment #nonprofit #leadership #leader #leaders #hardwork #staffspotlight #intern #interns #internship #inspired #inspiration #experience #lending #learning #missionfocused #nyc #bronx #culture #community #financialliteracy #financialwellness #team #teamwork #bank #banking #loan #prosperity #customerservice #empowerment #nonprofit #leadership #leader #leaders #hardwork
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“Our teachers are the face of the company. That’s who the kids interact with, and the quality starts there.” - Madeline Bender, Founder & Executive Director of Creative Stage (CS) As an international opera singer, arts educator, and producer, Madeline leverages her background to deliver meaningful, quality experiences to children through Creative Stage’s performing arts programs. She especially understands the importance of having a strong team and in her line of business, that piece is crucial to preserving the quality of CS’s programs. 🙌 We admire Madeline’s commitment to quality and team development and are so proud to be Creative Stage’s banking partner. Learn more about her small business journey and how we worked together here: https://lnkd.in/eQb5rCpg #business #smallbusiness #smallbiz #lending #nyc #community #impact #support #lovenyc #loan #proud #innovation #innovative #success #education #youth #school #nycschool #nycschools #transformation #leadership #nonprofit #art #youthempowerment #creative #performingarts #quality #qualityfirst #theater #thearts
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As a community bank in the Bronx, we try to learn from and respond to our community. When Aisha Norris, Co-Founder & Executive Director at DREAM!, came to us with her vision to transform New York City schools, we were instantly inspired and motivated to assist them with their banking needs. Since working with them, we’ve seen first-hand how integral their services are to empowering youth and decreasing suspension rates in NYC schools. 🌠💚 We look forward to DREAM!’s continued growth and can’t wait to see what’s next for Aisha and her team. Learn how we helped them with our nonprofit banking solutions: https://lnkd.in/eHKaWPYh #business #smallbusiness #smallbiz #lending #nyc #community #impact #support #lovenyc #loan #proud #innovation #innovative #success #education #youth #school #nycschool #nycschools #transformation #justice #leadership #nonprofit #art #conflictresolution #youthempowerment #nyceducation #educationmatters #backtoschool