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The Provident Loan Society
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Founded in 1894 by a group of prominent New Yorkers including J.P. Morgan and Cornelius Vanderbilt II, The Provident Loan Society of New York is a not-for-profit organization with a mission to provide low-cost collateral loans as an alternative to high-interest commercial pawnbrokers and payday lenders. The society offers quick, confidential cash loans of up to $100,000 using personal property such as gold and diamond jewelry, fine watches, and silverware as collateral. For over a century, it has served as a vital financial resource for New Yorkers from all walks of life.
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