MVSB cares about expanding and strengthening the businesses that care for our youngest community members. The CareWork Loan Program is a unique initiative developed in collaboration with A Place to Grow, a growing NH-based childcare organization. The program is designed to provide financial assistance and resources specifically tailored for licensed childcare providers to allow them to establish and grow sustainable, child-focused centers within their community.
A Place to Grow helps you to offer a safe place for kids to be kids, while providing an enriching early learning center that embraces a child’s overall well-being through a holistic curriculum. They offer support to childcare centers of different sizes, providing high quality personalized care for all their children and families.
If you’re looking to jumpstart your childcare services or expand your business, the CareWork Loan Program can help you make a greater impact as you support the families of New Hampshire.
Consider CareWork Loan to finance:
Startup
costs
Equipment purchases
Leasehold improvement
Working capital needs
Franchise acquisition
CareWork Loans offer:
- Up to 100% financing.
- Flexible terms with a maximum of 10 years, including up to 12 months of interest‑only payments.
- Competitive interest rates based on the applicant’s credit score.
- An initial interest rate fixed for five years, with a single adjustment at the five‑year mark.
- Full coverage of the loan packaging fee of approximately $600. The Loan packaging fee covers the cost of standard flood hazard determination form, UCC lien recording fee, UCC liens searches and loan documentation.
If you’re ready to start or expand your childcare services, turn to a partner that wants to see you succeed. Our Business Lending Team is standing by to assist you through the lending process.
Application and credit approval required. Terms and restrictions apply. Franchisor and franchise agreements subject to bank review and acceptance prior to loan approval. Franchisor must be approved by SBA.
