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Daycare Grants For Child Care Businesses

Carla — Mon, 31 May 2010 12:00:44 +0000

Finding funding is a large part of the process of starting a daycare. You may have decided upon a location for your daycare business, are abreast of your business’ licensing requirements and regulations, have set up your business structure, and have creating a business plan. But where will you find the funds to start and run a daycare business. Besides your own resources, where will you come up with initial funding for your daycare business?

There are many funding options available for your daycare businesses. Once you have gathered funds from your own resources, friends, family, and your business partner (if this applies), the next step is to look into government programs for daycare grants and loans. First contact the United States Small Business Administration. Many government programs offer grants and subsidies to childcare businesses.

A subsidy is an ongoing payment, usually provided by the government, which covers essentials such as food. Subsidies are typically based on need. Subsidies are given to the individual in need to give to the center, or given directly to the daycare center on behalf of the individual in need.

A daycare grant is a one-time payment given to a childcare center for a specific need or project. There are several types of grants available: Local grants, federal grants and private grants. The best places to start looking for daycare grants and subsidies are your National Child Care Resource and Referral Agency (NACRRA), Head Start, Child Care and Development Fund (CCDF), and Child and Adult Care Food Program (CACFP).

One word of advice: Before applying for a daycare grant, it is important that you develop a detailed business plan. The business plan illustrates why your daycare center qualifies for the grant above others.

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Sources for Daycare Grants

Carla — Wed, 19 May 2010 14:00:18 +0000

One source of funding for daycare businesses is grants. There are tons of resources for daycare grants available online for local, federal and private grants.

Types of Grants

Local Grants

Contact your local licensing office, the local chapter of the National Child Care Resource and Referral Agency (NACRRA), and local child care organizations to see if there are grants available.

Federal Grants

The federal government may offer subsidies or daycare government grants. Search for grants through the United States Government’s Children and Family Agency. Also, contact the Small Business Association as they may offer grants for startup costs. If you are minority, contact the Minority Business Development Agency.

Private Grants

Attaining grants from private organizations is another avenue for obtaining grants. Many philanthropic organizations and foundations offer grants to certain types of businesses. To find such organizations, search the Foundation Center which connects nearly 600 foundations nationally with nonprofit organizations.

Grant Resources

The following organizations provide a variety of grants for child care businesses:

Head Start

Child Care and Development Fund (CCDF)

Child and Adult Care Food Program (CACFP)

Foundation for Early Learning
For those in the state of Washington, the Foundation for Early learning grants, technical assistance and early learning information. The Foundation provides event sponsorships and grants of technical assistance and coalition-building funding.

The Foundation Centre
The Foundation Center is a nonprofit organization established by foundations to provide information on foundation and corporate giving. The Foundation Center maintains the most comprehensive database of United States grant makers and their grants.

School Grants.org
SchoolGrants.org showcases grant opportunities from many State Departments of Education or other State agencies. In addition there are many resources for help with grant writing.

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Daycare Grants: What They Are and How You Can Receive Them

admin — Mon, 11 May 2009 00:06:37 +0000

There are a variety of funding options available for daycare businesses such as grants and subsidies. A daycare grant is a one-time payment given to a childcare center for a specific need or project. A subsidy is an ongoing payment, usually provided by the government, which covers essentials such as food. Subsidies are typically based on need. Subsidies are given to the individual in need to give to the center, or given directly to the daycare center on behalf of the individual in need. Before applying for a daycare grant, it is important that you spend some time developing a detailed business plan.

Business Plan for Daycare Grants

The business plan is an important component of the daycare grant process because it demonstrates why your daycare center qualifies for the grant above others. A basic business plan for a daycare should include an introduction, an executive summary, a company plan, a marketing plan, an operating plan, and a financial plan:

• Introduction: Introduces the daycare business and includes a mission statement and a fact sheet about your business.

• Executive Summary: Summarizes the purpose of your business. This section is where you will place your goals and objectives

• Company Plan: A review of the facts of your business. This will detail such information as your assets, suppliers, property owned, location, etc.

• Marketing Plan: Outlines how you plan to market your daycare business.

• Operating Plan: Summarizes your daily operation.

• Financial Plan: Reviews your business’ past and present financial details as well as financial projections. This is where all of the expenses, accounts payable, and your summary of financial needs information are detailed and you will spell out how you will keep your business up and running.

Daycare Grant Sources

Once a solid business plan is created, it is time to begin searching for financing for the daycare business in the form of grants.

Local Grants

Begin your search for daycare grants locally within your county and state. Contact your local licensing office, the local chapter of the National Child Care Resource and Referral Agency (NACRRA), and local child care organizations to see if there are grants available.

Federal Grants

Private Grants

The best places to start looking for daycare grants and subsidies are Head Start, Child Care and Development Fund (CCDF), Temporary Assistance for Needy Families (TANF), and Child and Adult Care Food Program (CACFP). There are many daycare grant guides available at libraries, bookstores, and online that may assist you in locating funding for your daycare business. After finding sources for your daycare grants, request their latest application and funding guidelines.

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