Unity Bank in Clinton said four local New Jersey businesses and one based in New York have each been awarded $10,000 grants through the Federal Home Loan Bank of New York Small Business Recovery Grant 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 today’s economic challenges.
By leveraging the SBRG Program, Unity Bank granted $10,000 each to five businesses:
- Sontort Realty Holding LLC, full-service restaurant, Flemington
- Lebanon Hotel, full-service restaurant, Lebanon
- Ionian Sky Inc., full-service restaurant, Edison
- Statewide Environmental, environmental consulting services, Bridgewater
- Isaac Simon Realty LLC, child care services, Brooklyn, New York
“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 FHLB’s Small Business Recovery Grant Program, we’re able to deliver meaningful support where it’s needed most,” James Hughes, CEO and president of Unity Bank, said.
Unity Bank’s 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.
