Imagine Possibilities receives $10,000 grant from Lendio
After having to shut their doors due to the coronavirus pandemic, an Aloha day center for youth and adults who live with intellectual and developmental disabilities is getting some much-needed funding.
Imagine Possibilities won a $10,000 grant from Lendio, the nation's largest small business marketplace, as announced by Lendio on Monday, July 13. The center originally applied for a Paycheck Protection Program small business loan through Lendio, which helped facilitate a loan for them.
The Paycheck Protection Program, a $349 billion emergency loan program, was created by the federal Coronavirus Aid, Relief, and Economic Security Act. The program gives forgivable loans up to small businesses left financially distressed by the COVID-19 crisis.
"The loan preserved jobs for 18 staff members who are providing services to the community's most vulnerable individuals during a time of crisis," said Lendio spokesperson Spencer Anopol in a press release.
In early July, Lendio announced a grant program aimed at helping its small business customers begin the process of reopening, rebuilding and rehiring. Imagine Possibilities was one of 23 winners from more than 400 that applied.
"It's difficult to express how much it means to receive support like this (because) many other nonprofits and small businesses we know at this moment are uniquely dependent on community support," said Imagine Possibilities development director Hailey Myers. "Lendio's support means we have a greater degree of financial stability."
Myers added, "It's an incredible relief to know that we have community partners like Lendio in our corner, who believe that people with intellectual and developmental disabilities deserve to experience the highest quality of life possible … especially through these challenging times."
Myers said the grant will go towards supporting the center in continuing to provide services to the youth and adults in the community living with intellectual and developmental disabilities.
"This is a population whose mental health is uniquely at risk due to social isolation," Myers said. "This grant is aiding us in providing therapeutic virtual services and one on one services to those most in need, at no extra cost. Our social work team is also providing mental health services to participants and families, and we are doing everything in our power to make sure nobody slips through the cracks."
According to the announcement, Lendio worked with 300 lenders to help process more than 93,000 Paycheck Protection Program loan approvals for a total of $8.2 billion in relief funding.
Myers said this funding is crucial now more than ever before.
"Lendio's support empowers our center to better weather the storm of this pandemic," she said.
Imagine Possibilities will also hold a virtual fundraiser on Oct. 10 to support services through 2021.
For more information, visit imaginepossibilities.net.
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