{"id":910929,"date":"2025-11-17T14:09:24","date_gmt":"2025-11-17T19:09:24","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/ponce-bank-awarded-50000-through-fhlbny-small-business-recovery-grant-program\/"},"modified":"2025-11-17T14:09:24","modified_gmt":"2025-11-17T19:09:24","slug":"ponce-bank-awarded-50000-through-fhlbny-small-business-recovery-grant-program","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/ponce-bank-awarded-50000-through-fhlbny-small-business-recovery-grant-program\/","title":{"rendered":"Ponce Bank Awarded $50,000 Through FHLBNY Small Business Recovery Grant Program"},"content":{"rendered":"

\nFunds Distributed to 12 Local Small Businesses Supporting Economic Growth and Resilience
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NEW YORK, Nov. 17, 2025 (GLOBE NEWSWIRE) — Ponce Bank announced today that it has been awarded $50,000 through the Federal Home Loan Bank of New York (FHLBNY) Small Business Recovery Grant (SBRG) Program. The grant funds have been distributed to 12 small businesses and nonprofits across the communities Ponce Bank serves, providing critical support to local entrepreneurs and helping sustain operations amid ongoing economic challenges.<\/p>\n

The FHLBNY Small Business Recovery Grant Program provides member financial institutions with funds to assist small businesses and nonprofits within the FHLBNY district, which includes New York, New Jersey, Puerto Rico, and the U.S. Virgin Islands. Through this initiative, Ponce Bank continues its longstanding commitment to economic inclusion and community development.<\/p>\n

\u201cSmall businesses are the foundation of our local economy,\u201d said Barbara Arroyo, Senior Vice President, Director of SBA Lending at Ponce Bank. \u201cThrough the support of the Federal Home Loan Bank of New York, we\u2019re able to provide meaningful financial relief to help these businesses recover, grow, and continue serving their neighborhoods.\u201d<\/p>\n

Since its founding, Ponce Bank has focused on providing access to fair and responsible banking services for underserved communities. The grant funds were used to help businesses manage expenses such as payroll, equipment, and working capital.<\/p>\n

\n Award Recipients<\/strong>\n <\/p>\n

The following small businesses and nonprofits received funding through the FHLBNY Small Business Recovery Grant Program, nominated by Ponce Bank:<\/p>\n