New York City-based Spring Bank, in partnership with healthcare nonprofit BOOM!Health, has launched the Employee Opportunity Loan to help workers bridge the gap between their income and cost of living. Spring Bank designed the Employee Opportunity Loan to provide access to affordable small dollar loans through partnerships with local employers. The product allows employees to access small credit securely and conveniently as part of their voluntary benefit package. Loan amounts range from $1,000-$2,500 and have no minimum credit score requirement. "The product demonstrates that responsible lenders in New York City can offer alternatives to the predatory products available in person or online,” said Spring Bank President Eric Pallas.