Loving Arms Home Care Agency

Memphis,
TN
(2020)

Loving Arms Home Care Agency

Adult Education, College or Vocational Training, Community, COVID-19, Disaster Recovery, Healthcare

Finances working capital and expansion plans for Loving Arms, LLC, a business with locations in Jackson and Memphis, providing home healthcare services to seniors and individuals with intellectual and development disabilities that require assistance to ensure the activities and necessities of daily living are met.

Investment

NMTC Amount: $7,000,000
Total Project Cost: $7,381,942

IMPACT

308 FTE jobs
200 patients served

CDEs

TruFund, USBCDE

Investor

US Bank

Project Description

Finances working capital and expansion plans for Loving Arms, LLC, a business with locations in Jackson and Memphis, providing home healthcare services to seniors and individuals with intellectual and development disabilities that require assistance to ensure the activities and necessities of daily living are met. It will help the company meet its growing demand for services within a region that has been heavily impacted by COVID-19 and ultimately help create 85 new FTES, maintain 219 FTEs and retain four FTEs.

MAP

Address: 6064 Apple Tree Drive, Memphis, TN 38115

Census Tract: 47157021721

Other Tennessee Projects

Faith Family Medical Center

Nashville,
TN
(2019)

Community, Healthcare, Hospitals and Emergency Services

CDE(s): The Reinvestment Fund

With the help of Reinvestment Fund and SunTrust Community Capital, the nonprofit was able to leverage a successful capital campaign through a NMTC financing structure to finance a new medical