Loan Criteria — Child Care Lending Initiative

The Proposed Activity Must:

For Nonprofit Child Care Centers:

• Help people with low- and moderate-incomes (per the Federal Poverty Guidelines
  set by the U.S. Department of Health and Human Services).
• Have long-term community benefit and social impact.
• Have a demonstrated source of income to repay the loan.
• Demonstrate community support.
• Attract other resources to the effort.

For Family-based Providers:

Click here for more information on loan criteria for home-based child care providers or contact MicroCredit-NH at 800-769-3482.

What Happens Next:

For Nonprofit Child Care Centers:

• If the project is appropriate for consideration, the next step is to submit a letter of request.
• The request is reviewed by staff members and/or the Loan Fund Loan Review Committee.
• Once a decision has been made, a staff member will contact you with the decision and any conditions.

For Family-based Providers:

For home-based child care, contact staff at MicroCredit-NH about obtaining a microbusiness child care loan at 800-769-3482.

Contact:
Each project is different, and the first step is always to talk with us. Contact Julie McConnell, Director, Child Care Program, at 603-224-6669, ext. 215 or jmcconnell@theloanfund.org.