As long as people want to work, and create better lives, day care centers can be relied upon to make child care easier and better for working parents.
For the potential business owner like you, a day care will never run out of clients. Assuming of course your day care is up and running. If you’re thinking twice about taking a loan or don’t have enough start-up capital, government funding might be the solution to your problem. How can the government help you fund your day care? What options do you have money-wise?
There are several ways to get funding for your future day care center. Like any other business, it needs capital to set up, for you to buy toys, books and other essentials needed for the day care center to succeed. It’s essential to begin the business well-prepared and government grants are an avenue you can explore for your business.
One of the ways to get funding for your day care center is to acquire government funding through a government grant. This isn’t as easy as it looks. Government funding must meet certain criteria and you’re often better off finding alternative means to support your day care center. But it doesn’t hurt to know and who knows, you may find that it’s the best way to go. Your day care center must meet certain criteria to be considered for government funding (check out your local and state restrictions now.)
One of the best ways to get a government grant is to declare your day care center non-profit. In fact, for most grants it’s the only way you can acquire government funding. It’s a hard truth, but true. But it doesn’t mean that you have to stop there or resign yourself to having no profit as a business owner. There are many other funding methods to explore and your state may have funding programs that are right for you. Check out the SBA or small business administration agency at sba.gov. This website carries contacts that may supply you with funding, even if you own a for-profit day care center. You may also want to speak with your local Rotary or business associations to steer you in the right direction.
There are other ways to utilize government grants for your maximum benefit. Your state may be able to supply you with special loan programs that may minimize your expenses and benefit your day care greatly. This will probably differ with each state. Call your state agency now. The Department of Public Welfare could give you ideas about how you can make maximum profit and give your customers the best care around.
One great examples of government help is food funding. There are special Milk Programs (http://www.fns.usda.gov/cnd/Milk/) used by day cares and schools to reimburse the costs of milk. Your day care center may also be eligible for the National School Lunch Program (http://www.fns.usda.gov/cnd/Lunch/). Check out the sites to see if you’re eligible.
No matter how you decide to fund your day care center, knowing your options is vital to your day care’s success. You never know, government grants might be the way you’ll want to go.
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