We’re not always strictly business. We value building personal relationships with our clients and community. Our staff spotlights are an opportunity for our clients and neighbors to get to know the committed team that makes Spring Bank the community bank in NY that it is!

This week, we shine the light on Carol Guzmán, our Community Development Portfolio Manager. Take a look:

Spring Bank: How long have you been at Spring Bank?

Carol Guzmán: I started working here in November 2015, so it’s been seven years.

SB: How did you get into banking and why?

CG: I was always interested in banking, even at a young age—it’s the reason I studied Business Administration in school. It’s easy for me to work with numbers, and I enjoy helping others.

SB: What are the three most important things you’ve learned during your time at Spring Bank?

CG: I’ve learned a lot while working at the best local bank in Bronx, New York! The most important thing is teamwork. I’ve also learned how to turn challenges into opportunities, and how to step out of my own independent work to support my co-workers.

SB: What have you enjoyed most about working in Consumer Lending?

CG: I value that I can help people in our community with their financial needs. I’ve helped clients improve their credit through our Credit Builder program, secure accessible and sustainable transportation through our E-Bike NYC Loan, apply for personal loan, build their personal savings, and more. Lessening the financial stress of our clients takes a significant burden off their shoulders, and it makes me so happy to be able to do that.

SB: Tell us what the new role entails. What will you be doing?

CG: In my new role as Community Development Portfolio Manager, I’ll train and supervise our new Consumer Loan Officer, as well as manage loan delinquencies. I’ll also assist our Community Reinvestment Act Officer with collecting data for grant reports. Lastly, I will support the Commercial Loan Department with daily operations.

SB: What are you most excited about in the new role?

CG: I love to learn new things, so I’m looking forward to learning more about our products and services—that way I can provide a comprehensive answer when I’m asked a question about our offerings.

SB: What inspires you or motivates you to be part of the team at Spring Bank?

CG: There’s always something new that’s useful for the community that we’re working on as a team. It’s very inspiring to be surrounded by people who share the same passion and interests as me.

SB: You work closely with mission-based consumer lending. Does the mission create value for your work? How so?
CG: Definitely! Being able to help our community brings so much value to my work, on both a personal level as well as within the community. Whether it’s helping an individual looking to apply for personal loan, a staff member from a partner employer in our Employee Opportunity Program looking to access The Opportunity Loan, or a small business seeking additional funding, I can connect clients to the right services that resolve their financial issues. It brings me great satisfaction to know that we have the tools to help our clients make healthy, positive financial decisions.

We’re thankful to have committed people like Carol on our team, and we wish her the best of luck in her new role! Thanks to Carol, our Personal and Commercial Lending team and services are better than ever before.

Do you have a personal checking account or personal saving account with us? We have a variety of credit-building loans available for you. If you’re an entrepreneur looking to start or expand your business, check out our small business loan options. Feel free to contact us if you’d like a member of our team to walk you through our many loan products and services that can help you build a more prosperous and abundant future.

As a community bank, we like to amplify the work of the nonprofits in The Bronx that help our neighborhood thrive and to offer nonprofits tailored banking services. We’re proud to support The Bronx River Alliance and their mission to make The Bronx River a healthy recreational, educational, and economic resource for surrounding communities.

The Bronx River Alliance has an important legacy in the borough dating back to the 1970s. Then, efforts to improve the environmental quality of the river were made through the Bronx River Restoration and Bronx River Working Group. The Bronx River Alliance, established in 2001, is a combination of these initiatives and serves as a coordinated voice for the river. Through equitable restoration, environmental protection, and public education, the Alliance is a notable nonprofit leader, transforming the 23-mile-long river for present and future generations.

“Bronx River Restoration started in the 1970s. Anyone who is contributing to the restoration is supporting that legacy,” says Jennifer Seda, Volunteer Program Assistant.

Jennifer joined the Alliance in 2021. When she realized that the parks she knew growing up were being transformed into accessible public spaces by members of the community, she felt excited to join in. She started out as a Seasonal Conservation Crew member, then transitioned to Volunteer Program Assistant. Jennifer’s role now consists of connecting the community to different opportunities along the river.

“It really does take the whole village. Not just inside the workplace, but also outside: connecting with different organizations and community members of other grassroots groups. It takes all of us to do this type of work,” she says.

The Bronx River Alliance partners with groups such as Concrete Plant Park and Rocking the Boat to provide free community programs. The Alliance also learns the needs of their neighbors through three advisory board teams — the Ecology Team, Foodway Team, and Greenway Team — so that the community can guide the work they do. These teams host virtual meetings which are open to the public.

We’ve provided The Bronx River Alliance with personalized banking services that are more customized than larger banks in NY. We’re able to meet the organization’s needs with our highly responsive customer service team and nonprofit financial products.

“Spring Bank has proven to be a valuable ally to the Bronx River Alliance, offering various financial instruments, valuable financial guidance at the onset of the pandemic, and supporting our fundraising efforts. Spring Bank sets the bar high for what a model local community bank should be,” says Daniel Tapia, CFO of The Bronx River Alliance.

It’s more important than ever that we contribute to causes that protect the environment. As a certified B Corp, we recognize that environmental inequity is directly linked to financial inequity, so we’re committed to green banking: that means never investing in fossil fuels, maintaining carbon neutrality, offering paperless e-statements for our personal checking account, personal savings account, and business checking account customers, and more.

Victoria Toro, Community Outreach Coordinator, has been with the Alliance for over two years. Bronx-born and raised, she’s honored to contribute her passion and knowledge in marine biology with the community.

“Green infrastructure is so important. These systemic problems require systemic investments. We talk about climate justice under the umbrella of environmental justice. That’s always the framework that we’re trying to engage folks in,” Victoria says.

Supporting local initiatives is what strengthens our community. That’s why we also offer personal loan options like our E-Bike Loan NYC: our goal is to create opportunities for New Yorkers to have a healthier, more affordable commute that also supports a greener future for our city. Learn more about our E-Bike Loan NYC and apply for a personal loan here.

The climate-related issues that The Bronx faces – such as flooding – have a huge impact on the river and the people who live near it. For example, during Hurricane Ida, the safety of the community was at risk. The Alliance’s programs were directly impacted because of a lack of access to public spaces due to storm damage.

The Bronx River Alliance is doing their part to rally the community around this issue. Diogomaye (Dio) Ndiaye, Director of Development and Communications, joined the Alliance to support fundraising and communications. As a Bronx resident, he wanted to shift the narratives surrounding The Bronx, while also doing work for the environment.

“In Black and Brown communities, there’s a lack of access when it comes to environmental justice careers. The feedback we’ve received from young students is that The Bronx River Alliance is giving them the opportunity to start thinking about potentially having a career in the environmental field. We’re providing them with new possibilities for their futures,” says Dio.

By teaching people to love the environment, they become stewards.

Check out these upcoming events hosted by The Bronx River Alliance to learn more about the organization and get involved:

  • Foodway Tour: Join Journei Bimwala, Artist in Residence at the Bronx River Foodway, as they introduce both familiar and unfamiliar plants growing in the Bronx River Foodway, an edible food forest located in Concrete Plant Park. Multiple dates throughout November.
  • Compost Drop-Off: Stop by the Bronx River House in Starlight Park Fridays from 9-11 AM to drop off your weekly food scraps to be turned into compost.
  • Pitch In to Pick Up: Volunteer to clean up the park and steward the Bronx River! Your efforts not only protect wildlife and the Bronx River ecosystem, but they also help identify sources of trash so pollution can be stopped where it starts. Gloves and tools provided; join on Monday mornings throughout November at Starlight Park.

Looking for more information on nonprofit banking and lending? We’ve got you covered.

If your business incurred additional expenses due to the pandemic, you could receive thousands in tax credits. The $250 million COVID-19 Capital Costs Tax Credit Program offers financial support to New York State small businesses with extraordinary expenses stemming from the COVID-19 pandemic.

Small businesses that spent money to comply with emergency orders and regulations or to increase public safety in response to COVID-19 are eligible for up to $25,000 in tax credits. Some examples of incurred costs include structural changes, building upgrades, or health-related supplies and materials.

The COVID-19 Capital Costs Tax Credit Program provides economic relief to reduce the financial impact of the pandemic for eligible businesses. Small businesses can receive a 50% tax credit towards qualifying expenses (up to a maximum of $25,000 in tax credits) based on qualifying expenses of $50,000.

To qualify for this tax credit, businesses must:

  • Operate in New York State
  • Have 2021 gross receipts of $2.5M or less
  • Employ 100 persons or less
  • Have incurred at least $2,000 of qualifying expenses between January 1, 2021, and December 31, 2022.

As a small bank in NY, we know how the pandemic impacted us and our small business account clients. This is an excellent opportunity and we encourage you to check your eligibility as soon as possible. This program is capped at $250 million.

Learn more about the COVID-19 Capital Costs Tax Credit Program. To confirm your eligibility, fill out the required online screening tool. Then, for assistance with the application, contact our trusted partners at BOC Women’s Business Center via email: [email protected], or call 718-576-2237 (English) or 718-766-9263 (Spanish). Tell them Spring Bank sent you!

A Spring Bank Staff Feature

best savings account online, new business bank account, banks in ny, business checking account, small business accounts, apply for personal loan, personal savings, personal checking account, personal savings account, banks in bronx new york

At Spring Bank, we are proud to have a team of compassionate and enterprising professionals who serve the community and provide financial services that make us the best bank in NY. Each month we highlight team members in our Staff Feature so you can get to know them better. Please meet Rosalyn Figueroa!

Raised in the Bronx, Rosalyn has been an instrumental member of our team for over seven years. She has mastered many positions in the bank – from teller to greeter to personal banker. Now, Rosalyn works in our compliance department as a Bank Secrecy Act (BSA) Analyst to ensure that activity within the bank accords with federal regulations. For Rosalyn, this is a full-circle moment from her undergraduate degree in criminal justice.

“I didn’t get to where I am by only doing my job. I was always peeking over someone’s shoulder to learn how to do something else from the day I started at Spring Bank,” Rosalyn explains of her persistence. “I am always asking questions.”

Rosalyn transitioned into our compliance department because she was ready to grow, looking for an opportunity to push herself. Her current role as a BSA Analyst provides new challenges. Her role is to protect the bank from fraudulent activities and crime. Some of her work includes analyzing customer behavior and investigating suspicious activity.

“Before, I used to think banking was about making a deposit and a withdrawal, but it’s so much more. I know how crucial it is to protect the bank’s assets and ensure our customers’ money is secure,” says Rosalyn.

Rosalyn’s interest in banking sparked while she was working as a cashier at a supermarket. She thought she would be interested in banking since she enjoyed managing the transactional process at the register. However, the community culture at Spring Bank instilled a new perspective in her that unlocked her potential. She appreciates being part of a small team at Spring Bank where everyone contributes, and their contribution is respected.

“Community is core to our mission. We not only advocate and support our clients, but our staff is supportive, too. They’re not my co-workers anymore. They’re my family,” says Rosalyn. “We’re a small bank [compared to our competitors]. And I always say what sets Spring Bank apart from every other bank is that we get personal.”

And she’s right! You’ll get a personal experience with us right when you walk through the door. To this day, Rosalyn still promotes our services, knowing we are one of few banks that offer products like our small business loans and E-Bike Loan NYC.

With curiosity, determination, and willingness, Rosalyn has grown with us. Learning about her leadership capabilities has given her newfound confidence to take up space and opportunities that come her way. Rosalyn is currently working toward her Certified Anti-Money Laundering Specialist (CAMS) certification. She is also considering a Masters’s degree in financial crime. Thank you, Rosalyn, for your commitment, positivity, and care for our mission and customers! We are grateful you are part of the team!

best savings account online, new business bank account, banks in ny, business checking account, small business accounts, apply for personal loan, personal savings, personal checking account, personal savings account, banks in bronx new york

Financial literacy is understanding how to effectively manage household finances, handle debt, create a budget, and build savings. Being in the know about your personal finances is a critical step in achieving financial security and freedom. In addition, working toward financial literacy strengthens your relationship with money and sets you up for a lifetime of financial health and wellness.

We partner with GreenPath, a trusted national nonprofit, to offer free financial counseling and support to folks seeking financial guidance, especially in managing personal finances, budgeting, personal savings, and debt.

Check out these top 5 resources to get you started on the path to financial freedom:

  1. Financial Terms Glossary: It helps to know what all that lingo means! Understanding terms like interest rates, compound interest, balloon payments, secured vs. unsecured debt, and other concepts enables you to understand your personal finances and better communicate your financial needs.
  2. Financial Calculators: A healthy financial future begins with an under­standing of your current situation. Online financial calculators help you run the numbers and answer questions related to financing your home, applying for personal loans or the impact of interest on any outstanding credit card debt. They can even help develop budgets to reduce your personal checking account spending.
  3.  Financial Wellness Resources: Financial literacy is about having good information at your fingertips. Check out GreenPath’s library of financial worksheets and guides and our 3 top tips on personal finances and how to make money resolutions that stick.
  4. On-Demand Webinars: Webinars make learning easy from the comfort of your home. From budgeting, managing student loans, building your personal savings account, building credit, and more, free access to financial webinars, you can learn in your spare time.
  5. Credit Report Review: Studies show 1 in 3 Americans never check their credit report despite knowing credit history is key to financial security. Regularly monitoring your credit can alert you to errors, protect you from fraud, and provide vital information to strengthen your credit score. GreenPath’s certified credit counselors can walk you through a free review of your credit report—you’ll learn how to read your report and how credit scoring works.

Financial literacy is the key to success in managing your money. 🔑Want to learn more? Check out our top tips for building a prosperous financial future, or learn how to make small changes to reach your financial goals this year. Then, please drop into one of our NYC branches to open your personal checking account, and personal savings account today!

A Small Business Feature

best savings account online, new business bank account, banks in ny, business checking account, small business accounts, apply for personal loan, personal savings, personal checking account, personal savings account, banks in bronx new york

Photo Credit: Milk & Pull

A fresh cup of coffee is the first thing many folks reach for before starting their day.  Whether brewing a pot at home or grabbing a delicious blend at your local coffee shop, the experience can set the tone for your day.  As a community bank in NYC, we love supporting small businesses that have a positive impact on their neighborhood.  Milk & Pull, one of our Brooklyn-based small business clients, has been elevating the coffee experience in Brooklyn through love and community.

Founded by Joe and Angela Austin almost ten years ago, Milk & Pull is slowly developing into a mainstay in the culturally rich borough of Brooklyn.  With the help of Spring Bank, the two have expanded their impact by opening two additional locations in Bed Stuy and Ridgewood since 2013.  The process of getting a commercial mortgage can be quite a roller coaster, but the team at Spring Bank helped secure a loan to acquire real estate for expansion.  We sat down with the devoted power couple to learn about their journey and why they invested their life savings in starting a local coffee shop chain in one of the largest cities in the world.

“When people think about coffee, it’s like fast, fast, fast.  Go, go, go.  And for us, coffee is our moment to slow down — to build conversation and develop friendships because even at the shop, I like to sit down and have a cup of coffee.  I talk to the people sitting around me to get to know them.  So to us, coffee is a means to slow down and connect with other people,” says Angela.

For Angela, coffee has always been a part of her Colombian culture.  Her grandfather owned a coffee farm but was displaced during the guerilla war.  So running a coffee shop and diving into the coffee industry was a way to restore tradition to her family.  Likewise, Joe’s love for coffee started as a teen while working at Starbucks.

Milk & Pull began as a coffee and empanadas cafe representing Colombian culture.  The young couple’s dates included trips to coffee shops for market research and returning home to build a plan.  Between finishing school and starting new corporate jobs, Angela and Joe temporarily put the business idea on hold until 2010, when they moved to Bushwick.  The neighborhood culture was brimming with an entrepreneurial spirit.

“We had friends that were opening up coffee shops, bars, and there were a lot of artists there,” says Joe.

Joe felt lucky to be surrounded and supported by insightful entrepreneurs.  He asked thoughtful questions and learned how to grow a successful business from their stories.

“One day, one of Joe’s customers told him something that impacted both of us.  They said, ‘So what if you lose the money?  You’re young.  You both work at good jobs.  What’s to lose?’” reflects Angela of the customer’s advice.  “It was so simple, yet so impactful,” she continues.

The Austins realized they had nothing to lose.  If they failed, they were still young enough to recover.  So, fueled by inspiration and encouragement from the neighborhood and colleagues, the couple revisited their business idea and invested their life savings.  Then, they crunched the numbers to pool just enough money needed to start the business, pivoting to coffee only and finding a space with the least amount of renovation required.

On the surface, Angela and Joe were a young couple just starting with no prior business experience.  However, their sizable savings and solid credit scores helped ease landlords’ hesitancy and secured them a lease in Bushwick.  It’s safe to say the landlord made the right choice, as Milk & Pull’s first location has been in operation this month for nine years.

The success of Milk & Pull did not come easy, of course.  Angela and Joe did not quit their 9-5 jobs while starting the business.  Many people opposed the idea, “Folks said, ‘You’re not going to be able to build this business if you’re not putting your all into it.'” But clearly, they were wrong.  Angela and Joe’s dedication and willingness to make short-term sacrifices lead them to create a successful sustainable business with an income that they don’t need to rely on for their livelihood.

Milk & Pull set themselves apart in a heavily saturated small coffee shop scene.  Coffee franchises can feel transactional, but the small business brings a unique value, more than just a cup of coffee: love for what coffee represents in communities, its ties to family tradition, and its ability to build relationships.

“We design our spaces to feel like your second living room because we want people to stay, work on their own stuff, and connect with others,” says Angela.

We proudly provide small business account services to support Milk & Pull and their commitment to good coffee and building community.  Check out where you can visit them in Brooklyn.  Read their mission statement for the love of coffee and community.  And, if you are a small business owner looking for banking support, check out our small business account and lending options here.

best savings account online, new business bank account, banks in ny, business checking account, small business accounts, apply for personal loan, personal savings, personal checking account, personal savings account, banks in bronx new yorkHere at Spring Bank, we know that New York City supports the millions of folks who live here, thanks to the daily efforts of small business owners. As one of your local banks in NY, we believe there’s nothing better than getting a small business off the ground. That’s why we offer a range of new business bank accounts and commercial lending options: we’re here to help your business thrive.

One of the small businesses we’ve been lucky to work with is the quickly growing restaurant chain, Naya. On a mission to connect New Yorkers to authentic Lebanese and Middle Eastern food, Naya offers delicious, wholesome meals. From shawarma, falafel, salads, and appetizers, no matter your dietary needs, Naya has fresh and fast options for you. With ten locations in NYC and six under construction, Naya plans to run and operate 50 stores by 2025.

In addition, they offer catering services that are perfect for your upcoming summer events and an app that makes it easy to order online and earn rewards for choosing healthy, delicious food.

Founder Hady Kfoury started Naya with personal and family investment in 2007 when he was 26. Though still involved in some of the day-to-day operations today, 15 years later, Hady leads the vision setting and growth planning, real estate development, and branding.

“There’s nothing like running your own business. But, once you start to lead your own team, it’s a completely different responsibility,” Hady says.

Looking back, he can see that he did not plan for enough working capital with the first two locations. By the third location, Hady knew he needed to prioritize the financing.

“The business has grown since day one. We’ve always had the right product. But in terms of the financials, my mistake was not having enough working capital when we started. As a result, I had to cover many roles. My advice to other business owners is always to have a decent cushion when you launch,” reflects Hady about his journey as a first-time entrepreneur.

As with most small businesses, the Covid-19 pandemic presented an enormous challenge. With most offices and universities closed – which minimal lunch traffic– the team at Naya struggled to make ends meet. To protect employees and ensure everyone could stay on staff, they contacted us to help them process and receive funds through the first and second Paycheck Protection Program (PPP) rounds.

“We’ve built a strong relationship with Akbar and the Spring Bank team. They provide such personalized experience and excellent customer service,” shared Hady. “You don’t call a 1-800 number. Instead, you call your banker’s cell phone number directly. They feel like part of your back-of-the-house corporate team.”

Lucky us to be part of your hardworking team, Hady! If you haven’t yet, check out Naya’s menu and where to find them here.

Since 2007, we’ve helped hundreds of small businesses like Naya scale and grow. We offer small business accounts to suit your needs, whether you’re seeking personalized service, competitive interest rates, or mobile banking. Learn about our business checking account options online, or schedule an appointment to learn more about how we can help you reach your financial goals.

best savings account online, new business bank account, banks in ny, business checking account, small business accounts, apply for personal loan, personal savings, personal checking account, personal savings account, banks in bronx new york

Photo: Small Business Client & one of NYC’s newest Mediterranean restaurant chains, Naya with Akbar Rizvi, our Chief Lending Officer

Are you thinking about starting your own business? Bringing a product or service you’re passionate about to market is a challenging yet rewarding experience. There are essential processes to know about operating a small business, especially when it comes to money management. You might be wondering how to accept payments from customers, where to charge business expenses, and, of course, how to pay yourself and other employees.

Opening a business checking account is the best solution to managing your business’ finances. Check out our top 3 reasons why:

#1 Personal Protection

The money your business makes isn’t yours directly. Instead, it belongs to the entity your business is established under that the government recognizes. Creating an entity for your own business is vital to protecting your personal assets. For example, if your business incurs debts that it cannot pay back, your personal belongings (like your car or home) may not be protected. So it’s best to keep all business-related income and expenses in a business checking account.

#2 Credibility
Having a business checking account shows others that you mean business. Using a credit card, check, or direct deposit with your business name instills trust in your customers, clients, and collaborators. In addition, accepting or making payments through a business checking account enhances your business reputation by using funds branded with your business name.

#3 Easier Bookkeeping and Tax Preparation
With your business and personal finances separate, you can seamlessly sync your business checking account to bookkeeping software and easily automate your money management. These services make paying bills, sending invoices, and accounting less of a headache. Similarly, you can connect your business checking account to tax preparation software. Preventing any co-mingling of your personal and business checking accounts will help immensely during tax season.

Now that you know the perks of having a business checking account, it’s time to find one that suits your business needs. These are the documents you’ll need to open a business checking account:

  • Employer Identification Number (EIN): Also known as a federal tax ID, this 9-digit code serves as a Social Security Number (SSN) for your business. You may use your SSN if you’re a sole proprietor.
  • Document of Formation: This provides basic information about your business, such as the owner’s name, business address, and business purpose. It proves the company exists and can operate within the state legally.
  • Ownership Agreements: Agreements are typically standard for partnerships or businesses that more than one person owns. They clearly define what percentage of equity each owner has and detail how the business will be managed.
  • Business License: Depending on your business’s activities and location, you may need licenses and permits to operate. Research industry regulations in your city and state to ensure you meet the requirements.

We make opening a new business checking account simple and easy – you can even do so remotely. There are many advantages to opening a business checking account with us: access to free small business services, access to our technical assistance provider partners, and easy access to small business support staff. Contact us to set yours up today.

“I live at the bottom of a hill. With my old, non-electric bicycle, I used to push it up that hill, then again and again because my neighborhood has a lot of hills. I was practically pushing it all the way to work! But now I can enjoy the ride because of my new E-Bike and the E-Bike Loan NYC I received from Spring Bank.” – Pamela Martinez

best savings account online, new business bank account, banks in ny, business checking account, small business accounts, apply for personal loan, personal savings, personal checking account, personal savings account, banks in bronx new york

Pamela Martinez is a teacher’s assistant here in The Bronx and the Hunts Point Alliance for Children, and she was one of the first New Yorkers to receive an E-Bike and E-Bike Loan NYC through our partnership with the Equitable Commute Project (ECP). The ECP was developed at the height of the Covid-19 pandemic as a partnership between NYU Stern, the Hope Program, Electric Avenue, Transportation Alternatives, and us as the financing partner. Our mission is to create a healthier, more affordable, and greener commute for the one million+ NYC frontline workers.

Through our new E-Bike Loan NYC, employees can receive a loan of up to $2500 to use for a new E-Bike, which will also help them build their credit and savings – all with no minimum credit score requirement.

“I’d wanted an E-Bike for a long time! And my employer knew that I rode my old bike to work every day. But for me, not being from this country, I didn’t have credit yet. However, I learned I could get the E-Bike Loan NYC through the Employee Opportunity Program from Spring Bank, and I could pay it back little by little. So I applied, and my loan was approved right away! Now I love riding my new E-Bike, especially because I have to carry so much back and forth every day,” Pamela says.

If you bank with us, you know that we’re so much more than just a bank – even though we are one of the best banks in NY! We’re a community. And that’s why we were so excited to work with Pamela. She takes care of the people around her: developing daily science experiments and dance parties for the kids, collecting winter coats for donation on Giving Tuesday, and even ensuring that struggling families in the neighborhood get connected to the services they need.

“I love my job,” says Pamela with a smile. “I love helping people. I love that we’re doing good for kids, families, and the community. Hunts Point has a lot to give. You have to dig and find the resources – and that’s what we do for these families.”

Ensuring that our customers and community are taken care of is always at the top of our minds. Therefore, we designed the application process for the E-Bike Loan NYC to be as smooth and straightforward as possible. Learn more about it here.

“Everyone at Spring Bank was so helpful!” Pamela says. “Because I went through my company, they had a lot of the information I needed. Everything else I could do by myself online – it was very easy.”

Commuting by E-Bike is a good choice for more than just your wallet. It’s often more reliable than public transportation. And as Pamela notes, it’s also good for the environment, which means a healthier, greener future for her children and students.

“I ride my E-Bike everywhere now: to the beach, visit my family in Brooklyn, and even go to Costco with it! Everybody knows me as ‘The Bike Lady’ in the supermarket,” she laughs.

We love to see it! 🙌🏽 🚴🏽

Ready to get an E-Bike of your own? Learn more about our E-Bike Loan NYC. If you’re an NYC employer, check out how you can support the financial health of your employees with our Employee Opportunity Program, which includes the E-Bike Loan NYC. Find out more about the Equitable Commute Project. Finally, check out our personal savings and personal checking accounts. We’re honored to serve the people of New York as one of the best banks in The Bronx, New York!

best savings account online, new business bank account, banks in ny, business checking account, small business accounts, apply for personal loan, personal savings, personal checking account, personal savings account, banks in bronx new york

“There’s someone who can relate to you here. Especially in this age of mega-corporations and automated processes, I think having a human experience with a financial institution is rare.” – John Lakis, Loan Officer here at Spring Bank

We don’t take it lightly that you trust us with your money. We love getting to know our customers and their families.

So if you bank with us, you already know that you’re far from just another number here — and if you don’t bank with us (yet!), you’ll soon find that out. And just like we love getting to know you, we want to give you an opportunity to get to know us. So this week, we’re pleased to introduce  John Lakis, our Loan Officer.

John started with us here at Spring Bank in 2015 as a Credit Analyst and has now been a Loan Officer, working primarily on the commercial side, processing real estate, SBA, and during the Covid-19 crisis, 100s of PPP  loans.

“It was part of our job at the beginning of the pandemic to call our clients and see how they were doing, making sure they could stay afloat, and seeing what we could do to help ease the burden,” John says of his frontline pandemic experience. “I don’t think there would be that level of personal care and interaction with any larger institution,” he continues.

Of course, lots of banks tout their community-mindedness in glossy ad campaigns. But how do you really know if your bank is acting and investing in a way that reflects your values? You don’t have to take our word for it.

We’re a B Corporation, which means we have a triple bottom line of people, planet, and profit. So as New York City continues to recover and stride forward to an even greater future post-Covid, we look forward to helping our community build new businesses and reimagine existing ones. (Not sure where to start? Take a look at our small business accounts!)

“I don’t think a megabank would guide someone through every step of the commercial loan process, from financing, city permitting and regulations, knowing what reports to read, or even teaching people how to look at them. Our bank is better positioned to offer those kinds of services. From startup to closing, our team here guides them through the entire process.

I know we’ve had an impact here in The Bronx. Numerous people have opened businesses in this neighborhood with the help of Spring Bank – and that’s an amazing thing to be part of!” John says.

We couldn’t agree more! We care deeply about the future of our neighbors and our neighborhood, and we’re here to nurture your growth as an individual and as a business owner to build a prosperous future for you, your business, and your family.

And, as John shares, that ethos influences our internal culture, too:

“We’re all helping each other grow. That’s happened personally for me: I’ve seen my growth expand to new heights. And I’ve seen how I can help others grow, and I look forward to more team development together! After all, the main purpose of this bank is to help communities in need. So I’m totally on board with that!”

For us, it’s all about having a human experience: staying flexible and innovative in the face of a constantly changing environment so we can help the people of our community truly thrive.

And nobody knows how to do that better than an immigrant. 🙌🏽

“People have shaped me, and others have been shaped by me, too. I come from a family of immigrants, and I would be letting them down if I were to come here to New York City and not work hard. So I committed to that when I joined Spring Bank, and it’s a great place to do that,” John says.

Thank you so much for sharing your incredible story and perspective, John! We are so grateful to have you as a core contributor to the Spring Bank team.

Are you interested in opening a new business bank account? Check out our business checking account here. New to the city and looking for banks in The Bronx, New York? Visit one of our branches today and find out what makes us one of the best banks in NY.