February 3, 2009

Smiling Faces Daycare

Otis Orchards, Washington

Smiling Faces Daycare

A small business loan from Craft3 gave Smiling Faces Daycare the capital to make upgrades to their facility required for licensure, and purchase equipment and supplies.
Smiling Faces Daycare is a start-up childcare center located in Otis Orchards, a rural community within Spokane County. The center provides child care to toddlers and pre-school age kids and is the only daycare in the immediate area to specialize in children with disabilities and special needs.
 

Needing to make upgrades to meet Washington State Department of Early Learning regulations and become licensable, Smiling Faces owner Dorrine Kelly contacted Community-Minded Enterprises (CME) for assistance. CME, a child care resource which provides technical assistance to child care providers, suggested Dorrine contact Craft3 for a loan.

Craft3 provided a loan for tenant improvements, working capital, and to purchase equipment, furniture and supplies. Our investment in Smiling Faces Daycare strengthens economic and family resilience by increasing entrepreneurship, and supporting economic growth and opportunity.

This start-up, woman-owned business leveraged $38,000 in additional funds, created seven jobs and 16 community service slots. This loan was made possible with financial support from Community-Minded Enterprises.