The Opportunity Loan

Opportunity Loan

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Interested in learning more about how the employee loan can benefit your employees and your business? Please fill out the form below.

The Opportunity Loan is for employees at partner employers.

The Opportunity Loan is an affordable and responsible loan option with no minimum credit score requirement. Access the cash you need now and build savings and credit for the future. Payments are deposited from your payroll into a Spring Bank savings account. You can establish or improve your credit score and choose options to build savings.

As a part of the the Employee Opportunity Program, we also offer the E-Bike Loan NYC , which helps you purchase an electric bike to make your commute faster and “greener,” to employees at partner employers.

As a Spring Bank customer, you can always access free financial counseling from GreenPath Financial Wellness. 

Click Here for a List of our Participating Employers

  • Austin Meat & Seafood
  • Bridge Street Development Corporation
  • BronxWorks
  • Cardiology Unlimited
  • Community Access
  • Doe Fund
  • Dominican Women’s Development Center
  • Family Life Academy Charter Schools
  • Grand St. Settlement
  • Green House Eco Cleaning
  • Greenwich House
  • Greyston Bakery
  • Hamilton Madison House
  • Hunts Point Alliance for Children
  • Jetro/Restaurant Depot
  • Kingsbridge Heights Community Center
  • Legacy Vacation Club – NJ
  • Legally Addictive Foods
  • MHANY Management Inc
  • Mosholu Montefiore Community Center
  • Per Scholas
  • Phipps Houses and Affiliates
  • Red Hook Initiative
  • School in the Square
  • SoBRO
  • Sunnyside Community Services
  • The Floating Hospital
  • The Hope Program
  • UncommonGoods
  • Vista Food Exchange
  • West Harlem Group Assistance
  • Westhab

Apply for the Opportunity Loan

Opportunity Loan Benefits

Exclusively for Employees at Our Many Employer Partners

Loans with Benefits

All our accounts come with incredible benefits and services:

Building Financial Wellness

Through our partnership with the national nonprofit, Greenpath Financial Wellness, Spring Bank customers can access free one-on-one financial counseling or other GreenPath programs and services.

Other Important Benefits of all Spring Bank Consumer Loans

  • Simple online application process--apply from anywhere, anytime
  • No Prepayment Penalties
  • No Hidden Cost
  • Opportunities to build credit and savings

One Application Fee. No Hidden Costs.

The loan process is simple and the costs are transparent.

No Prepayment Penalties

You can prepay your loan anytime without incurring any fees.

Simple to Apply

From application to closing, the loan application process is completely automated. Use your computer or mobile device to get started.

Opportunity to Build Savings

Your Spring Bank savings account we have made it simple for you to build savings.

Opportunity to Build Credit

With on-time payments, you can create or improve your credit score.

Use of Your IDNYC

We are all about expanding access. That is why we accept IDNYC as a primary form of ID for account opening or loan processing.

Schedule an Appointment

Ready to grow with us? Come in and talk to one of our account managers to see how we can help. You can open a checking account, apply for a loan, open an IRA account and much more. Use the form below to schedule an appointment:

Open Business Checking Account Online in New York

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

Our Promise

We don’t take it lightly that you trust us with your money. In fact, the best part about working here is getting to know our customers and their families. You’ll soon find out that you are far from a number here. On the contrary, you become part of the Spring Bank Family. We can’t wait to get to know you.

Explore Other Loan Products

The Opportunity Loan

*offered to employees at partner employers*

 

An affordable and responsible loan option. Borrow up to $3000 when an emergency comes up or an opportunity comes around. No minimum credit score requirement. You can access funds when you need them and take advantage of opportunities to build your credit profile and savings at the same time.

Learn More

The E-Bike Loan NYC

*offered to employees at partner employers*

 

If you are thinking about an easier, healthier, and less costly commute, our E-Bike Loan can get you there. Borrow up to $2500 with no minimum credit score requirement. And while you’re rolling, the E-Bike Loan can also help you build your credit profile and savings.

Learn More

Small Personal Loan

Have you been a Spring Bank customer for a year or more? Then you can apply for our Small Personal Loan of up to $2500.

This loan requires a minimum credit score of 620 and can help you build your credit profile.

Learn More

Credit Builder Loans

Want to create or improve your credit profile? The credit builder and CD Secured loans can help you get there. The proceeds of your loan remain in your savings or CD account as you build toward savings and an enhanced credit score.

Learn More