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The Provident Loan Society

Thursday, July 25, 2013 - 5:15 PM
The Provident Loan Society was created in the financial panic of 1893 when there was a minimum of social and government agencies to help the needy. Provident Loan Society founders included such notables as: Solomon Loeb, Alfred B. Mason, J.P. Morgan, Jacob H. Schiff, Gustav H. Schwab, and Cornelius Vanderbilt. These men gave their time, talent and money to create the foundation for a very unique idea - offering short term collateral loans for people in need.
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