Could Your Daycare Business Use A Loan?

Even though this blog is mostly about grants for daycare I also see that there are a number of people who own businesses - including daycare businesses - who are also interested in loan programs for their businesses as well.

Here is news of a state loan program for daycare businesses.

Loan guarantees are made to assist with the development of new facilities or expansion of existing facilities particularly in low income, rural areas which demonstrate a need for additional quality child care. Guarantees are available to a maximum of $25,000 and may be used for operating capital as well as capitol outlay.



For more information about this loan program, you can go to the website by clicking here.

Grants for Daycare - Grant Recipient - An Excerpt

Here is an excerpt from a woman who got a grant to help pay for some of her costs:

"I spoke with my financial aid counselor at the college and she told me about the “child care grant that is available through the school. I filled out the application for that with my childcare provider and received that grant at the beginning of October.

Unfortunately student aid and grants for childcare don't get into your account until after the semester starts, so I had to pay for books with a credit card and the first month of childcare out of pocket.

Because I wasn't sure if I'd get the childcare grant, I also applied for a student loan. I had to study a tutorial about the different types of student loans and take a quiz before I was able to apply for the loan. It was helpful because I learned which loans allow for payments to be deferred and which loans have interest that has to be payed on the loan. I also learned that I could pay the loan back right away without any penalty, which I planned to do if I received the childcare grant.

So, the process all-in-all is time consuming, and you have to be patient. You have to check in with your college and make sure that they have received your applications."

Grant Program For Daycare Needs Applicants....

A local program is searching for members of their local community who would like to pursue careers in child care, aged care or hospitality and retail. This grant program is looking to connect eligible participants to training, help fund associated costs, and even assist with business registrations.

There is such a demand in the local area for qualified workers in child care, aged care, hospitality and retail. Those who would like to pursue training in aged care or hospitality can register their interest to take part in this grant program.

There is also a strong demand for additional providers of family day care services in the region.

The Federal Government has a $1,500 grant available for people wanting to set up a family daycare business in their home!. This grant, along with additional funding and assistance, would be really helpful to someone who is considering starting a family day care business on their farm.

To date, the program has assisted more than 200 people to obtain formal qualifications and upgrade their skills.

For further information about this program you can contact them by phone.552 890.