Working Capital Loans
Pamela, a single mother, is the proud owner of Sweet Peaches, a restaurant and bakery serving delicious baked goods and savory items out of the Russell neighborhood. Twice a day she delivers meals to an adult living facility. In December 2018, she catered Home Sweet LHOME, our first annual celebration, and we were thrilled with the results. Later that month, we were able to provide Pamela a $6,000 Working Capital Loan for her business. She planned to use the loan to help her rent space in the Community Ventures’ Chef Space and buy materials for the holiday season. Additionally, she plans to expand her restaurant and baking space into the building next door to her current location. We also connected Pamela to Louisville SCORE to provide her with financial coaching and advice to scale her successful business. We are pleased to have been able to help Sweet Peaches expand and continue to be a welcoming, delicious establishment.
Melvin is a union contractor who was contracted to renovate a house for The Housing Partnership, Inc. (HPI). LHOME was able to loan Melvin the maximum amount of $15,000 in order to help expedite the renovation process. The loan helped Melvin immediately pay his sub-contractors. Additionally, he was able to purchase needed materials and complete the work faster. We are happy to be able to help Melvin expedite the remodeling process. We are also happy to be able to work with HPI on this loan and get 1706 Saint Catherine Street ready for residents.