Safeguarding a Multi-Generational Home

Oregon
Clean Water Loan
Community Climate Adaptation
  • 175,200 Gallons wastewater treated annually
  • $348,170 Locally-owned real estate improved

Floridalma has lived in her East Portland home for 13 years. She shares it with her son Anthony, his fiancé Shawna and their three children. The family loves their quiet neighborhood and surrounding natural wildlife.

They first found out there was a problem when the plumbing started backing up. Shawna arranged to have the septic pumped and thought it would be fixed. But it wasn’t.

She wasn’t sure how to proceed. They were in the middle of foreclosure and a loan modification. It didn’t make sense to invest in a new septic system if they had to move. So they figured out a temporary fix, but knew it would only last so long. The mortgage came through just as the septic tank collapsed and left a sinkhole in the backyard.

Shawna contacted a local septic professional and received an estimate for replacement, about $19,000. A web search revealed a few options. They could take out a second mortgage, but payments would have been about $500 per month—more than they could afford. Then she found Craft3.

Knowing how important running water and flushing toilets are to a family of six, Craft3 worked quickly to get loan documents signed and the contractor replacing the septic.

In partnership with Oregon’s Department of Environmental Quality, Craft3 offers the affordable Clean Water Loan to help families repair or replace their failing septic system with no money down.

Coaching Clients to Loan Readiness

Our stories tend to focus on the loan and what that loan enables, whether it’s a community center, a retail shop, or a construction project. For business owners, however, it’s often a lot of work to successfully apply for and receive a loan. This is especially true as many of the clients we serve are unable to qualify for bank financing and may need to do additional work to demonstrate loan readiness.
Oregon
General Business Loan

Olympia Community Solar Delivers Local Clean Energy and Savings

Olympia Community Solar wanted to help Thurgood Marshall Middle School transition to clean energy and lower its utility bills. A Craft3 bridge loan provided the funds upfront to install the solar project. Not only did this provide an environmentally friendly solution, but also it reduced the neighborhood’s energy burdens, allowing the school and residents to reinvest in their buildings, education, and students.
Washington
Bridge Loan

Feeling at Home at OHSUN Banchan Deli & Cafe

Sara Upshaw wanted her business to feel like a cozy home, but she herself didn’t feel at home in the world of business, which she found to be secretive and opaque. Determined to launch her business, Sara connected with Craft3 for coaching and loan support. The loan she received covered tenant improvements and startup costs, and provided an opportunity for a new entrepreneur to feel at home.
Washington
General Business Loan

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Craft3 is an equal opportunity lender and employer. NMLS #390159. Completing an application does not guarantee loan approval or funding. Craft3 (EIN 91-1662698) is a 501(c)(3): all donations are tax deductible. Copyright 2024 Craft3. All rights reserved.