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Take the Wheel

Franklin Savings Bank (Honorable Mention) - Franklin, NH

2022 Community Committment Awards Submission

  • Economic Inclusion
  • Asset Size: Small

The 'Take the Wheel' is a program offered to low-to-moderate income families located in the Lakes Region of NH. This program was created through a collaboration of four partners to include Lakes Region Community Developers, HOMEteam, Franklin Savings Bank and Grappone Automotive Group. These partners came together with one goal in mind - to put families with low incomes into reliable, fuel-efficient vehicles they can afford. Further, this initiative addresses a major issue in the Lakes Region, which is the lack of public public transportation options for individuals located in Alton, Belmont, Gilford, Laconia and Meredith. To begin the process, interested candidates must complete an application with Lakes Region Community Developers for consideration into the program. Once an applicant is approved, he/she will need to complete a Personal Finance Coaching Program provided by HOMEteam - an organization that provides education and resources to New Hampshire residents with the information and tools needed to make good financial decisions. Once financial counseling requirements and goals are attained, candidates will receive assistance with completing an application for an automobile loan, which will be forwarded to Franklin Savings Bank for review and approval. Once a determination is made as to how much an applicant will qualify for, he/she will work directly with the sales team at Grappone Automotive Group to select an automobile that fits within their budget.