Unity Bank Awards $50,000 in Grants to Local Businesses Through FHLB Small Business Recovery Grant Program
Summary
CLINTON, N.J., Sept. 26, 2024 (GLOBE NEWSWIRE) Unity Bank is proud to announce that five local businesses have each been awarded $10,000 grants through the Federal Home Loan Bank of New York (FHLB) Small Business Recovery Grant (SBRG) Program.These grants aim to help businesses overcome challenges posed by inflation, supply chain constraints, rising energy costs, and a volatile rate environment. As a committed member of FHLB, Unity Bank continues to champion local businesses, providing vital support as they navigate todays economic challenges.By leveraging their SBRG Program, Unity Bank granted $10,000 each to five businesses:James A. Hughes, President & CEO of Unity Bank, said, Small businesses are the lifeblood of our local economy, and these grants will provide critical relief to ensure they can continue to serve our communities. By utilizing the FHLBs Small Business Recovery Grant Program, were able to deliver meaningful support where its needed most.Unity Banks partnership with FHLB highlights its ongoing commitment to empowering small businesses and fostering community growth. The SBRG Program has been instrumental in addressing the financial pressures many small enterprises face due to the current economic climate.Learn more about the SBRG program at this website: https://www.fhlbny.com/community/sbrg/program-overview/Unity Bancorp, Inc. UNTY is the parent company of Unity Bank, a financial services organization based in Clinton, New Jersey. Unity Bank is a member of the Federal Deposit Insurance Corporation (FDIC).