Key Takeaways
- The Community Facilities Direct Loan & Grant Program from USDA Rural Development offers affordable funding to develop essential community facilities in rural areas.
- Child care centers are considered essential community facilities and are eligible for this program's financing for construction, expansion, or equipment purchases.
- Financing is available to public bodies, non-profits, and federally-recognized Tribes in rural areas with populations of 20,000 or less.
USDA Lending and Child Care
Jonathan Lamb
I have experience on “both sides of the table” as a banker and an SBA borrower. My background includes building, owning, operating, and selling a 12,500 square foot childcare center with over 190 kids and 35 employees.
I spend most of my day speaking with child care owners from across the country about their child care business and financing needs. My goal is to help child care owners obtain the funding they need to survive, expand, grow, or achieve whatever their business goals might be.
Please send me a connection request here at childcareowner.com, or shoot me a quick private message. Or, if you'd like to chat give me a call at 765.730.7077
Jonathan Lamb
SBA & USDA B&I Business Development Officer
North State Bank
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