Childcare Business Loans

The good news is that childcare demand is booming—and so can your business! Recent research has shown that:

• More parents, especially single and working mothers, are returning to the office
• There is increased support from state and federal programs offering assistance to families
• The childcare market value is expected to grow 4.3% to $88.22 billion by 2033

To keep pace, childcare providers need access to capital for growth and improvements. SBA loans, backed by the U.S. government, offer affordable financing for everything from renovating facilities and upgrading safety features to expanding locations or buying equipment. SBA 504 loans are ideal for purchasing property or upgrading equipment, while SBA 7a loans are great for short-term needs like licensing and working capital.

First Bank of the Lake specializes in SBA 7a and 504 loans designed to cover everything from working capital and facility upgrades to purchasing equipment or even acquiring another childcare center. We’ve worked with childcare businesses of all sizes, so we understand your industry’s unique challenges—and we’re here to help you navigate them. With over $1.1 billion in SBA financing provided to small businesses across industries, we have the experience to help you secure the funds you need to grow, all with a friendly, professional approach.