Case Study: Paraquad expands services for people with disabilities with Enterprise Bank & Trust NMTC financing

Paraquad expands services for 2,000+ people with Enterprise Bank & Trust

Paraquad, a St. Louis-based nonprofit serving individuals with disabilities, faced challenges with financial sustainability and a need to expand its capacity to serve its community. To fund a major expansion and renovation project, it partnered with Enterprise Bank & Trust, which provided a $4.5 million New Markets Tax Credit (NMTC) allocation through its Enterprise Financial CDE division.

The solution from Enterprise Bank & Trust provided flexible, interest-only financing that enabled Paraquad to construct a new 130,000-square-foot facility, including a wellness center and a job training café. This NMTC investment acted as a catalyst, attracting additional donor funding. The results were significant: the project created 184 quality jobs, tripled Paraquad's service capacity, and provided a new revenue stream, making the organization more financially sustainable and resilient.

Paraquad