NOT-FOR-PROFIT BANKING

Helping support your mission

The Dime Difference

At Dime, our goal is to be the premier banking partner for not-for-profit organizations throughout the New York Metro area. We deliver the comprehensive size and financial sophistication required to serve a wide spectrum of not-for-profit clients. We proudly pair that robust capabilities with the flexibility, deep market knowledge, and high-touch relationship style of a local bank. From educational institutions and religious organizations to social service providers and community development funds, our dedicated team is built to support your mission.

Purpose-Built Financing.

We understand that the financial realities of not-for-profits are distinct from traditional commercial enterprises. That is why Dime has developed a specialized Not-for-Profit Lending program designed specifically to address the unique challenges and opportunities faced by NFP borrowers.

Strong Foundations. Thriving Futures.

We actively seek to partner with established organizations that possess a strong board and management team and have a steady demand for their services from donors, members, or funders. Through a highly collaborative approach focused on proactive communication, we aim to forge long-term relationships that help your organization thrive.

Why Not-for-Profit Organizations Choose Dime

  • Tailored Industry Expertise: We bring a deep understanding of the diverse NFP sectors, ensuring an unwavering focus on service, rapid execution, and overall responsiveness to your day-to-day needs.
  • Local, Accessible Leadership: We expedite the banking process by providing direct access to our senior management team, ensuring that decisions are made locally and efficiently.
  • Comprehensive Financing Options: We provide a full suite of traditional credit facilities to fund your growth, including lines of credit, term loans (including delayed draw options), commercial mortgages, and construction loans that convert to permanent mortgages.
  • Specialized Capital Solutions: To help manage liquidity and lower capital costs, our offerings extend to cash-secured letters of credit, corporate card programs, and the purchase of tax-exempt bonds.
  • Broad Sector Commitment: We have successfully financed and partnered with a wide array of NFP structures, including Federal Qualified Health Centers (FQHCs), CDFIs, private foundations, cultural organizations, and membership organizations such as Y’s and JCC’s.
Dime Community Bank logo

John Murphy

Senior Vice President – Group Director, Not-for-Profit

631-537-1000 X5315

[email protected]