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Coastal Community Capital to Administer Cape Cod 5's New Loan Fund for Child Care and Early Education Providers
Attention child care and early education providers: Coastal Community Capital is now accepting applications for Cape Cod 5’s special $2 million loan fund, specifically designed to help you manage reopening costs so that you can get back to providing critical child care services for our communities.
This unique loan pool recognizes the significant strain on the child care and early education industries as a result of the Covid-19 health crisis and the hardships it has presented for our workforce and youth. Closures and capacity reductions have severely impacted providers who must now find ways to rehire staff and pay other key costs in order to resume operations.
The Bank has committed to funding up to $2 million in loans of up to $50,000 each at a 7 year fixed rate of 3% to provide funding for reopening and retrofit costs for established Child Care and Early Education entities.
For more information and to start the application process, contact us today at 508-362-3755 or email [email protected].
Prices, terms and conditions subject to change without notice. Equal Opportunity Employer.
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