In-Home Childcare Start-Up Loan

Through Strategic Doing, community stakeholders have identified the need for additional childcare providers in Norton County. As a result, the Norton County Community Foundation (NCCF) has developed the In-Home Childcare Start-Up Loan program. The program aims to serve new, in-person childcare providers through its Impact Investment initiative.

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Details

• NCCF will provide loans for capital expenses needed to open a new, in-home childcare facility.

• Funds are available up to $5,000 per facility.

  • Larger loans may be considered on a case-by-case basis, as determined by the NCCF Board.

• Loan rates for operating in-home childcare facilities will be set at 3% APY.

  • If the facility closes, the loan rate will increase to 12% APY.

• Maximum length of loan: 5 years.

• Funds are available through NCCF's Economic Impact Fund.

• Northwest Kansas Economic Innovation Center will act as the loan servicer.

 

Questions?

Contact Melinda Davis, NCCF Executive Director by email or phone (785-874-5106)

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