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Child Care

The Issue

Quality child care is an essential component of community economic development. Not only are educated citizens imperative for the health of a community, but the child care industry is also a key part of a state’s economic engine. The North Carolina child care industry generates $1.5 billion in revenue and creates 46,000 jobs annually. Surveys conducted by Self-Help indicate that the child care industry is vastly underserved through traditional financing mechanisms.

Who We Serve

Consideration is also given to home and center based child care and Head Start programs in North Carolina with loans ranging from $1,000 to several million dollars.

Self-Help will also consider lending to child care providers and Head Start programs outside of North Carolina, which are located in certain low-income areas and require loans of $500,000 or more.

What We Offer

Self-Help provides financing for a wide range of purposes including:

Purchase or construction of facilities
Renovations to existing buildings, whether leased or owned
Working capital
Bridge loans
Equipment purchases
Start-up expenses

Self-Help does not provide grants to child care providers. If you are interested in a grant you should contact your local Resource and Referral or Smart Start Agency for more information on grant availability.

How to Get Started

Contact one of our experienced Child Care Loan Officers.

Click here for a Child Care Loan Application and Cash Flow Projection Worksheet .

Visit our Resource Center to review information to help you run your Child Care.