Ponce Bank receives $1.8M in federal relief money for small businesses

Carlos Naudon, president and CEO of Ponce Bank, at a June 2021 press conference urging small business owners who accepted PPP loans through the federal government to apply for loan forgiveness.
Photo Jewel Webber
 On June 17, Ponce Bank announced receipt of $1.8 million in federal Economic Relief Funds for Small Businesses, from the U.S. Department of the Treasury. The funds were granted under the Treasury’s Rapid Response Program to assist minority communities in which Ponce Bank serves.
“They deserve to be helped,” said Carlos P. Naudon, president of Ponce Bank. “They deserve to have banks provide services to them. In order for them to grow, that will make the community grow.”
-with reporting by Jewel Webber

More from Around NYC