Business Loans
You didn’t get into child care because of your background in finance. Luckily, we did.
At First Children’s Finance, we understand the complexities of owning and operating a child care business. You hold tiny hands every day, and run your business on even tinier profit margins. We know you want the best for your kids. We also know that quality comes at a cost. If the thought of expansion, remodeling or taking on major change in your business feels daunting, let us help.
With over 30 years of child care lending expertise, we are ready to help you access the capital you need for your business.
About Our Loans
We finance small business loans to child care entrepreneurs. We work with other lenders, community partners, economic developers, and directly with child care businesses to provide financing.
First Children’s Finance is nonprofit lender committed to serving the unique needs of family child care and child care centers. We provide flexible, trustworthy financing that meets the needs of child care businesses. Each and every one of our loans includes technical assistance specific to child care business management. We’re betting on your success, and we want to invest our capital and support to your project.
Eligible Uses
What can you use a First Children’s Finance loan for? Really, the uses are as diverse as the needs of your business. Here are a few ideas:
- Refinancing or debt consolidation
- Facility or playground upgrades
- Replacing furniture or equipment
- Commercial kitchens
- Construction or renovation projects
- Gap financing or bridge financing
We currently provide loans to child care businesses located in Iowa, Kansas, Louisiana, Michigan, Minnesota, Missouri, North Dakota, South Dakota, Texas, Washington, and Wisconsin.
Loan amounts range
FAMILY CHILD CARE
from $5,000 to $25,000
CHILD CARE CENTERS
from $5,000 to $125,000
Loan criteria
FAMILY CHILD CARE
Own the home where the child care business is located
Be licensed by the appropriate licensing or registration agency
Be prepared to provide collateral or make an equity investment in the business
Currently serve, or be prepared to serve, children whose families qualify to receive child care assistance
CHILD CARE CENTERS
Own or lease the child care facility
Be licensed by the appropriate state agency
Be prepared to provide collateral or make an equity investment in the business
Currently serve, or be prepared to serve, children whose families qualify to receive child care assistance
Application Process
The first step is to discuss your project with us! Our experienced staff will help you determine the feasibility of your project, and the level of financial and technical assistance you may need to move it forward. This initial consultation is offered without charge. Just call us to get started: 866-562-6801
When you are ready, we will mail you an application packet and, if needed, other business tools to help you complete your loan application.
Non-refundable application fee
CHILD CARE CENTERS
$100
FAMILY CHILDCARE PROVIDERS
$25