LIIF to Finance Child Care Small Business Growth with New Innovative Fund
In honor of the national Week of the Young Child, the Low Income Investment Fund (LIIF) is proud to announce a new source of capital to help child care centers and family child care providers expand the availability of quality early care and education in the San Francisco Bay Area.
The $500,000 Kids Are Our Business Fund will provide small business loans to child care providers who are expanding or improving their businesses.This zero-interest, flexible capital will increase the availability of quality care for working families, create and preserve local jobs and strengthen child care small business’ capacity and sustainability. Financing will be available to licensed providers in San Francisco and Alameda Counties committed to providing high quality care for low-income children from infancy to age 5.
“All young children need and deserve high-quality early learning experiences that will prepare them for life. With the Kids Are Our Business Fund, LIIF is providing another way to help young children have every opportunity for success in school and life, as well as support child care providers operate more effective businesses. With this type of financing, early care and education providers can expand or improve facilities and programs in a way that makes sense for their businesses,” said Candace Wong, Director of LIIF’s California Child Development Programs.
Quality child care remains an essential part of a healthy and vibrant community and one of LIIF’s core strategies. To date, LIIF has invested more than $67 million in high quality child care, creating or preserving more than 191,000 child care spaces. For more details about the Kids Are Our Business initiative, please visit LIIF’s Capital for Child Care Facilities.
What are you doing in your community during the Week of the Young Child? Tell us about your efforts to support children on Twitter using the hashtag #WOYC and Facebook.
Susanna Cheng, Program Officer
- Read more about LIIF’s Child Care Program
- Learn more about LIIF’s Child Care Facilities Projects
- Learn more about LIIF’s Community Capital Products