Located a few blocks away from Spring Bank headquarters, and with a shared mission of community revitalization, the Bronx Museum of the Arts reached out to their neighborhood CDFI for a Paycheck Protection Program (PPP) loan.
The PPP loan helped the Bronx Museum of the Arts transition to virtual programming and digital art exhibitions. Their team moved quickly to implement health and safety procedures for in-person viewing and expanded their famous Family Affair program so that Bronx families could participate in hands-on activities from home.
“Reaching out to Spring Bank for support in securing PPP lending was one of the best decisions that the museum has made,” said Alan Highet, CFO and General Counsel at the Bronx Museum of the Arts. “They showed us right away they wanted to help us further our community goals. If you’re looking for a real banking relationship, don’t think twice about Spring Bank.”