page_title: Provident Loan Society
hierarchical_section_title: Provident Loan Society
caption_attribution_description: 223 East Houston Street at the corner of Essex Street in the Lower East Side neighborhood of Manhattan, New York City, was built in 1920 for the Provident Loan Society of New York. It was owned for a time by the artist Jasper Johns, who used it as studio and living space. Today it is Element night club and the Vault lounge.
context_page_description: The Provident Loan Society of New York is a not-for-profit organization headquartered at 346 Park Avenue South on the corner of 25th Street in the Rose Hill neighborhood of Manhattan, New York City. It was created in the 19th century by a group of influential New Yorkers as an alternative to the loan sharks of the day. Founders include Robert W. De Forest, James Speyer, Otto T. Bannard, J. P. Morgan, Jacob H. Schiff, August Belmont, Jr. and Cornelius Vanderbilt II.
  Today, Provident Loan Society of New York provides short-term cash loans to individuals secured by gold and diamond jewelry, fine watches and silverware and is America's last remaining not-for-profit loan society created during the economic crisis of the late 19th and early 20th centuries.
context_section_description: The Provident Loan Society of New York is a not-for-profit organization headquartered at 346 Park Avenue South on the corner of 25th Street in the Rose Hill neighborhood of Manhattan, New York City. It was created in the 19th century by a group of influential New Yorkers as an alternative to the loan sharks of the day. Founders include Robert W. De Forest, James Speyer, Otto T. Bannard, J. P. Morgan, Jacob H. Schiff, August Belmont, Jr. and Cornelius Vanderbilt II.
  Today, Provident Loan Society of New York provides short-term cash loans to individuals secured by gold and diamond jewelry, fine watches and silverware and is America's last remaining not-for-profit loan society created during the economic crisis of the late 19th and early 20th centuries.
caption: The society's former building on Houston St and Essex Street was owned for a time by the artist Jasper Johns, who used it as a studio.  It was then turned into a nightclub and lounge, which has since been closed.
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