The Provident Loan Society Email Format
Financial ServicesNew York, United States11-50 Employees
The Provident Loan Society is a not-for-profit financial services institution based in New York City, New York, offering short-term, low-interest loans secured by pledged assets such as gold and jewelry. It was established in 1894 by a group of New York business leaders in the wake of the Panic of 1893, with the aim of providing a respectful alternative to high-cost pawnbrokers. The organization serves individuals in financial need and operates through five branch offices in New York City as well as online, lending to more than 40,000 people each year. In the broader financial services landscape, the Provident Loan Society functions as a not-for-profit lender focusing on asset-backed, short-term credit rather than unsecured loans. Its practice of backing loans with gold and jewelry reflects its longstanding mission to offer accessible financing options within the New York community.