Weak Economy Leaves Long Island Nonprofits Squeezed by Banks

But when the Patchogue nonprofit, which runs services on teen pregnancy, approached the bank officer, "not only did he refuse our request for an extension to the credit line, but he froze the existing line that we needed for our payroll," Spector said.

The result was that Spector was forced to place her entire 20-person staff on a 2 1/2-week furlough, and she even thought of taking out a loan on her personal mortgage to pay SNAP's bills.