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Child Care Fund

What is the Child Care Fund?

If you are a child care provider in need of financing, Cascadia Revolving Fund may be able to help. We understand the financial hurdles many child care providers face. The cost of providing high quality child care is considerable. Playground equipment, supplies, facility renovations, ongoing maintenance, and staff additions all cost money.

Cascadia’s Child Care Fund offers low-interest loans and technical assistance to help child care providers finance a variety of business-related purposes. These tools are available to Washington- and Oregon-based providers who don’t qualify for traditional bank financing.

Many program improvements can help providers become licensed to care for more children, boost profit margins, and improve the long-term prospects of the business.

Quick loan facts

Child care providers may obtain a loan of up to $500,000.

Interest rates range from 8-10%.

Loan terms range from 12 to 84 months.

Monthly loan payments may be as little as $130, depending on the amount, rate, term, and closing costs of the loan.

What can a Child Care Fund loan be used for?

Child Care Fund loans have been used to finance major projects such as center and home expansions and improvements and smaller projects such as fencing a playground, purchasing supplies and equipment, and installing child-sized bathroom fixtures.

Technical assistance

Cascadia works with child care providers both before and after a loan is made to make sure that the financing provided by the Child Care Fund is the right solution for the provider’s needs. Cascadia’s in-house business consultant offers providers one-on-one counseling to help them better manage both their personal and business finances. In addition, Cascadia offers all King County-based child care providers the opportunity to participate in personal financial management classes, provided in cooperation with Child Care Resources and the Boeing Employees Credit Union.

Click here to read some standard business tips for child care providers.

How do I apply for a loan from Cascadia’s Child Care Fund?

For more information contact one of Cascadia's lenders at (206) 447-9226 or (503) 235-9635. She or he will explain the loan process to you, and help you determine if a Child Care Fund loan is right for your business.

After talking with a lender, download the following three documents.

Child Care Loan Application

(This is a PDF document. To download a free copy of Adobe Acrobat Reader for opening PDF files, click here.)

Personal Financial Statement

(PDF document)

Projected Cash Flow Statement

(MS Excel document. This requires legal size paper.)

 


Nancy Stratton
Stratton's Day Care
"Cascadia has been so much more than a bank. They've been teachers. They've provided encouragement and guidance. They've been friends."








Toddler Tech Child Care
This large child care center received a loan from Cascadia to refinance construction loans and a mortgage.







Kim Brennan
Kinderland
Kim opened a new center, licensed for 72 children, with a loan from Cascadia.





Last updated October 2003

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