Thanks to loans and donations from the LENDonate network of investors, the organization was able to expand their services and reach more people in need!
LENDonate LOAN DETAILS
ORGANIZATION: WeHOPE
LOAN AMOUNT: $52,500
LOAN TYPE: 3 Year Term, 10 Year Amortization
USE OF FUNDS: Purchase of Truck #4
SOURCE OF REPAYMENT: Receivables from various city and county contracts plus foundation grants and individual donors
WeHOPE’s innovative program, Dignity on Wheels, has provided more than 20,000 showers and 12,000 loads of laundry to the homeless from their mobile units since the fall of 2015. Without shower and clean clothes, the homeless are extremely reluctant to search out work or routine health care service, something you and I take for granted.
The funds were used to purchase Truck #4, a 2018 Dodge Ram Diesel One Ton Crew Chassis Cab with Flat Bed and Water Tank. With this new truck, WeHOPE will be able to expand our services and reach more people in need.
This loan received a 3% point interest rate reduction, and ~$3,000 donations while sourcing.
Original Nonprofit Borrower Loan Offering
Putting the Wheels on Dignity on Wheels!
Exciting news – a new loan opportunity is now available! Project WeHOPE is a Bay Area non-profit that provides for the needs of the homeless community with innovative solutions. One of their programs, Dignity on Wheels, offers mobile showers and laundry – a basic and essential need that you and I take for granted. This loan campaign will fund the purchase of their 4th truck. Their program is expanding as the need is growing.