Eric's Credit Community

Our mission is to provide quality childcare services for children.  The educational programming for children placed in our care enhances learning in physical, emotional, social, and intellectual development preparation for later academic and social pursuits.  We are following the developing Early Learning Guidelines for the State of Alabama.  We are just now involved in the Success by Six programs.  We offer a good healthy nutritional program to assist in the children?s growth.  The comfort, guidance, sharing, teaching, learning, loving, and caring of children are our goals.   The childcare center is for anyone requesting quality childcare services.  The State of Alabama Department of Human Resources governs the business strictly.  The strength and core competency of this industry is consistent quality childcare services.  Policies and procedures must be concise, legible and enforceable. The main priority will be to begin a consistent growth pattern to obtain a stable profitable childcare center.   We offer more than other Childcare centers.  First of all our operating hours are from 6 am to 12 Midnight, Monday to Friday.  Families with late shift schedules use our center.  Second, we are a true child development center.   The schedule we follow incorporates each learning stage from object recognition, reaching, or grasping in Infants to colors, letters, numbers, and word form in Toddlers to reading, writing, and math in pre-school children.  We have a trained tutor in the evening to assist the school age children with homework.  We serve three meals a day with two snacks based on the USDA meal patterns.   I am requesting this loan for working capital.  Most of our parents are low-income subsidized families, which means that the Childcare Management Agency?s (CMA) check comes once a month on the 20th or later.  I, of course, have payroll, insurance, utilities, and other bills that are due on earlier dates.  I plan on placing these funds in an interest bearing account.  I will pull from it when I need to pay bills and return the money when I receive the CMA check.  I currently meet this need by using a plan called Accounts Receivable Factoring (ARF).  The ARF is quite expensive.  Setting up an interest bearing type of account to pull monies from when I need it and then return it will help me greatly.  It will function the same as a Line of Credit.  Thank you from considering my loan request and helping my business remain stable and grow to it?s full potential.