By Jessica Henley
First Southwest Bank is pleased to share some exciting news that has the potential to bring a significant positive impact on rural child care services in Colorado.
First Southwest Bank, in collaboration with Gary Community Ventures, is proud to announce the launch of the “Child Care Capital & Infrastructure Fund.” This innovative initiative is designed to address the financing needs of child care facilities in rural Colorado, helping to expand and enhance their capacity.
The $5 million pilot fund will be available to both new and existing child care providers, facilitating the acquisition, renovation, and development of essential physical spaces. Thanks to a generous $1 million guarantee from Gary Community Ventures, licensed child care providers can access loans ranging from $10,000 to $2,000,000 at below-market interest rates. This initiative aims to overcome the barriers to starting or expanding a child care business, enabling workforce participation and fostering economic growth in our rural communities.
We believe this fund will be a game-changer for child care providers, offering accessible, low-interest loans to support their operations and meet the growing demand for services. The fund will also partner with Early Childhood councils and economic development groups to ensure that the resources are directed to high-need areas.
For more details about the Child Care Capital & Infrastructure Fund and how to access it, please visit www.fswb.bank/business/childcare-capital-and-infrastructure-fund.
Jessica Henley is Chief Marketing and Communications Officer for First Southwest Bank.