Nave Bank® Supports Local Businesses with $50,000 in Grants from the Federal Home Loan Bank of New York

Ten Nave Bank® clients received funding through the Small Business Recovery Grant Program, supporting the continued growth and development of businesses in Puerto Rico.

At Nave Bank®, we continue to look for new ways to support the businesses driving Puerto Rico’s economy forward.

As part of that commitment, Nave Bank® received a $50,000 grant from the Federal Home Loan Bank of New York (FHLBNY) through its Small Business Recovery Grant Program. The funds were distributed among 10 Nave Bank® clients, with each receiving $5,000 to support their businesses and strengthen their operations.

This initiative represents more than access to funding. It reflects our commitment to connecting our clients with opportunities and resources that can contribute to their growth while strengthening Puerto Rico’s broader business ecosystem.

“We are thrilled to see Nave Bank put Small Business Recovery Grant Program funding to work in support of the local business community in Puerto Rico,” said Alexies Sornoza, VP, Member Relations and Senior Business Development Officer at the FHLBNY. “Our grant programs provide us with additional opportunities to partner with our members and make a positive impact in the communities we all serve.”

Supporting the businesses moving Puerto Rico forward

Small and medium-sized businesses are an essential part of our economy. Behind every business are entrepreneurs, teams, and ideas creating jobs, delivering services, and generating new opportunities within their communities.

At Nave Bank®, we believe in Puerto Rico’s potential and in supporting the people and businesses working every day to move it forward. Collaborations like this one with the FHLBNY allow us to expand that support and create an impact that goes beyond traditional banking services.

We congratulate the 10 selected clients and thank the Federal Home Loan Bank of New York for partnering with Nave Bank® to continue supporting Puerto Rico’s business community.

Together, we keep Puerto Rico’s businesses moving forward.

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