Nonprofit Loans

Nonprofit Loans

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Interested in more information about our Nonprofit Loan Products? Please fill out the form below and we will contact you.

    Our Mission is Growing Your Nonprofit’s Impact

    At Spring Bank, we believe in building lasting partnerships with nonprofit clients throughout New York City. We’re committed to providing meaningful financial solutions, the best deposit accounts, personalized support, and truly making a difference in our communities.

    Our Community Impact Program offers flexible loan options to support your organization’s mission and growth.

    You’ve Got a Community to Build.
    We’ve Got the Resources You Need to Build It.

    Learn more about our nonprofit loan options

    The Micro Line of Credit

    • Loan Amount: Up to $10,000
    • Purpose: Working Capital needs – use to bridge the gap between grant pledges and disbursements, marketing, or staffing.
    • Benefits:
      1. Flexible repayment options
      2. Simple application process
      3. Opportunity to build/improve credit

    The Impact Loan

    • Loan Amount: up to $250,000
    • Purpose: Working Capital needs (LOC) or equipment, debt refinancing, leasehold improvement, expansion (term loans).
    • Benefits:
      1. No prepayment penalties
      2. Dedicated nonprofit loan officers to assist with your application

    Join Our Community Programs and Make an Impact

    The Spring Bank Community Impact Program

    We support your organization’s mission and growth with loans and a unique line of credit product; plus our no-fee accounts for nonprofits mean no maintenance fees and free online banking!

    Employee Opportunity Program

    We push your team forward by providing small loans with no credit score minimum and access to free financial counseling.

    Benefits That Make a Difference

    Streamlined Application Process

    We value your time, which is why our application process is designed to be efficient and hassle-free.

    Dedicated Nonprofit Lending Experts

    Our experienced team is ready to partner with you and understand your unique needs.

    Community Impact Checking & Savings Accounts

    Enjoy no-fee accounts and free online banking to manage your finances effectively.

    Access to our Employee Opportunity Program

    Equip your team with small loans, financial education resources, and free counseling.

    Don’t Just Take Our Word For It!

    “Our relationship with Spring Bank has allowed us to increase our capacity. The Micro Line of Credit allows us to say yes to more opportunities!” – Aisha Norris, Executive Director of DREAM!

    Schedule an Appointment

    Ready to make a bigger impact? Our nonprofit loan specialists are here to help. They’ll be happy to explore ways to optimize your nonprofit’s financial operations and discuss how our programs can benefit your organization.

    Online Banking Support

      Have any questions? Stop by a branch or call us at (718) 879-5000.

      Our Promise

      At Spring Bank, we believe in building lasting partnerships with our nonprofit clients. We’re committed to providing personalized support, transparent communication, and financial solutions that truly make a difference in our communities. Your community’s growth is our shared reward.

      Explore Other Spring Bank Loan Products

      Small Business Account

      Offering one of the best checking accounts for small businesses.

      Learn More

      Nonprofit Checking

      Build security for your organization with our flexible loan options.

      • The Micro Line-of-Credit up to $10,000
      • The Impact Loan up to $250,000

      Money Market Checking Account

      Great money market account interest rates, plus the benefits of a checking and savings.

      Basic Checking

      Need to write checks? Our Basic Checking account is for you.

      Learn More