Ponce Bank is a Community Bank founded in the Bronx that offers many useful tools to business owners. The Business Initiative Corporation of New York is aware of this because of our relationship with the Bank; our efforts to boost small businesses and the financial
wellness of their owners are very similar to theirs.
But what Ponce can do for you is special. The Bank offers programs like the Small Business Bootcamp, which is designed to educate people in certain areas — including the Bronx — on topics like banking, accounting, credit reporting and more. This knowledge is crucial if you want to take out a loan from BICNY or the Bronx Economic Development Corporation.
Additionally, Ponce wants to help you thrive in the future – not just your business. They can help you create a succession plan for your business with your family in mind, as well as help you build generational wealth.
Ponce is being recognized as a great resource not just by our company, but by the financial powers that be. Community District 9, which includes Bronx River, Castle Hill, Clason Point, Harding Park, Parkchester, Park Stratton, Soundview, Soundview-Bruckner and Unionport, was recently named a Banking Development District (BDD), a program run by the Department of Financial Services. As part of the program, New York State Comptroller Thomas DiNapoli gave $35 million in public funds to the Westchester Avenue location of Ponce Bank to increase access to financial services and make sure that location of the bank provides the services the community needs.
The government may be depositing money into the bank, but you don’t have to. Their online webinars are completely free, whether you’re an account holder of the bank or not. They also have programming in Spanish.
If you’re interested in any of Ponce Bank’s online programs for financial mastery, visit poncebank.com and explore the options under the “Financial Mastery” tab.
Rafael Roger is the Vice President of the Business Initiative Corporation of New York. If you are interested in seeking a loan for your small business, please email loans@bicofny.org.
