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First Children's Finance Loan Fund
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Program
web site |
http://www.dcc-corner.com/To_Apply_for_a_Loan.html
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| Sponsor |
First Children's Finance |
| Deadlines |
Applications accepted on an ongoing basis |
| Purpose |
First Children's Finance makes loans to child care and early education businesses, especially those serving lower-income communities, in Iowa, Kansas, Minnesota, Missouri, North Dakota, South Dakota and Texas. FCF finances new businesses - in centers, family child care homes and schools (including Head Start) - and supports expansion, quality improvements and operations for existing ones. First Children’s Finance helps capable, dedicated early care and education professionals develop their business expertise, so they may continue to serve families over the longer term.
Loans may be used to expand or start child care and early education businesses—in homes, centers and schools; improve the quality of facilities—new buildings, additions, remodeling and upgrades;
purchase supplies and equipment—toys, computers, playgrounds, child-friendly furnishings; fulfill licensing requirements—egress windows, fences, bathrooms; help manage cash flow; strengthen and grow child care businesses.
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| Eligibility |
To be eligible for a business loan your child care business must:
Be located in the states of Iowa, Kansas, Michigan, Minnesota, Missouri, North Dakota, South Dakota, or Texas.
Be a licensed family child care provider (registered in Iowa, South Dakota, or Texas) a licensed child care center, Head Start, or other early education program, or be in the process of becoming licensed (registered for family providers in Iowa, South Dakota, or Texas).
Provide care for a percentage of children who come from households with income within the state child care assistance program guidelines.
Own the property for which a family child care improvement loan is being sought.
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Geographic
coverage |
Iowa, Kansas, Michigan, Minnesota, Missouri, North Dakota, South Dakota, or Texas |
Amount of
funding |
Loans are available to family child care in homes for $1,000 - $25,000;
Centers and schools, including Head Start for $1,000 - $125,000. |
Application
process |
For all family childcare projects a non-refundable application fee of $25. is required. If it's a center or school project, including Head Start, the application fee is $100.
Contact Charissa Banov by e-mail at charissa@FirstChildrensFinance.org
to discuss your project and verify eligibility prior to applying. |
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For more information contact:
1-866-562-6801 Summaries of funding programs are provided by RAC for your convenience. Please contact the funder directly for the most complete and current information. |
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