Granny's Learning Center
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Program Details:
CCDC Day Care MicroLoan
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Loan Type:
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Direct loan to business |
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Eligible
Business: |
Child day care providers: centers, in-home or
facility, located in Franklin and contiguous
counties. |
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Use: |
Working capital, staffing salaries, inventory, and
or small equipment. |
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Amount: |
Based on demonstrated business needs;
average loan will be about $7,500; Minimum: $500,
Maximum, $25,000. |
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Equity: |
Owner
Investment required. |
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Term: |
Working capital: One to
18 months
Equipment: Up to three years
Maximum: Five years |
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Rates: |
Maximum: Prime plus two points (maximum), fixed |
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Collateral: |
Personal guaranty; lien or mortgage on assets;
cosigners, etc. |
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Counties: |
Franklin, Delaware, Fairfield, Licking, Union,
Madison, Pickaway, and other areas if financing is
not available. |
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Fees: |
No application fee.
Nominal fees to cover costs
of processing, loan closing.
Fee for credit report due with application |
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Financing for
Startup and Existing Centers and Home Care Providers
CCDC's Day Care MicroLoan Program meets the unique
financing needs of very small day care centers.
Whether used for working capital, equipment, or
inventory, a CCDC Day Care MicroLoan can be the
stimulus necessary to help a center succeed.
Important Links:
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