PBM Lending will begin offering auto loans in September and home renovation loans in October, marking a major step forward in expanding its consumer services. The organization’s leadership emphasized that these offerings are a direct response to community demand.
In just 22 months of operation, PBM has closed over 300 loans and deployed nearly $2 million in capital. These new programs are part of PBM’s broader goal of becoming a full depository financial institution in the coming years.