Private Funder: First Children’s Finance; Funding Focus: Childcare and early childhood education; Geographic Focus: Regional (IA, KS, MI, MN, MO, ND, SD & TX); Eligibility: Childcare providers, childcare centers and early childhood education centers; Funding: Up to $125,000; Deadline: Rolling.
Summary: The Development Corporation for Children provides loans to cover the costs of start-up, expansion, leasehold improvements, supplies and equipment and working capital needs. Applicants must be a licensed family childcare provider, a licensed childcare center, a Head Start or other early education program, or be in the process of becoming licensed. Loans for family childcare providers range from $1,000 to $25,000.
Loans for childcare centers and early education programs range from $1,000 to $125,000. For all family childcare projects, a non-refundable application fee of $25 is required. You can start by contacting staff to discuss your project and verify eligibility prior to applying. To qualify for the larger loans, an applicant must own or lease a facility, be licensed and be prepared to provide collateral and make an equity investment in the business.