Reinvestment Fund offers flexible and low-interest loans to early childhood education providers in Philadelphia to maintain high-quality early learning environments.
About the Fund
Without access to flexible financing, many providers have few options but to rely on high-interest credit cards, scale back on operations, or sacrifice quality. Thanks to the William Penn Foundation, Reinvestment Fund is launching the Philadelphia ECE Loan Fund.
Loans from $5,000 to $50,000* are available to support a broad base of working capital needs and facility improvements or upgrades. The low-interest loans are also intended to complement existing programs such as Fund for Quality, Child Care Facility Fund and Fund for Sustaining Quality.
Interested applicants should complete a contact sheet and provide information about their proposed project. Please email the completed form to PhilaECE@reinvestment.com
Eligibility
All loan applicants must meet the following program requirements:
- Existing high-quality operator (Keystone STARS 3 and 4) or Keystone STARS 2 operator actively participating in PHLpreK
- Non‐profit or for‐profit organization
- Child Care Center, Group Child Care Home or Family Child Care Home
- Currently serving low‐income populations (defined as client population of at least 50% Child Care Works subsidy, or waitlist subsidy, Head Start or Pre‐K Counts)
- Positive attendance trends and strong business plan
- Organizational capacity
To Apply
Applications will be accepted on a rolling basis. Interested applicants must complete a Contact Sheet and provide information about their proposed project. Please email the completed form to PhilaECE@reinvestment.com