Child Day Care Microloan

  • Phone: (614) 645.6171

A Child Day Care Microloan can be used to help fund between $500 and $25,000 in inventory, payroll, marketing expenses and small equipment for start-up or existing Ohio day care facilities.

Boundaries: OhioLoan Amount: $500 – $25,000 (limited funds available)
Interest Rate: Fixed rate of Prime+2
Loan Term: Up to 5 years
Private Investment: NA
Equity: Ten percent of total project cost
Collateral: Business and personal assets; real estate
Purpose/Use of Loan: Inventory/Payroll/Small Equipment/Marketing
Prevailing Wage: Yes (if construction involved)
Job Creation: NA
Loan Committee: Internal
Relocation: Yes
Historic: Yes
Environmental: Yes
Contact: Community Capital Development Corporation
900 Michigan Ave. Columbus, OH 43215
(614) 645.6171