Merchants Commercial Bank Awards Eight Local Businesses and Non-Profits with Small Business Recovery Grants

In a continued effort to support local enterprises, Merchants Commercial Bank (MCB), in partnership with the Federal Home Loan Bank of New York (FHLBNY), has awarded eight small businesses and non-profits in the U.S. Virgin Islands with Small Business Recovery Grants (SBRG).

Unlike many other recovery initiatives that follow large-scale emergencies, the SBRG program targets businesses that may be facing economic hardships or are in the early stages of development. This periodic disaster relief program is one of the key ways smaller banks like Merchants can remain agile in securing funds and resources for the local market. This year’s recipients include VI Christian Ministries, The Leader’s Branch, Speedy Redemption Vegan Raw Food and Sandwich Deli, Seven Four, Island Green Building Association, CRC Payroll Management, Buddha Sushi House, and Alliance Point Charter.