Funds are available under the Childcare Recovery and Retrofit Loan Program by Coastal Community Capital in partnership with Cape Cod Five Savings Bank.

Loan Program Overview:
•    Use of funds:  Working capital, PPE, equipment, etc.
•    Loans available from $25,000 to $50,000 (but no greater than 50% of 2021 gross business revenues).
•    Fixed interest rate of 3.0%.
•    No prepayment penalty.
•    Term of every loan will be 7 years, interest only for first 12 months and P&I thereafter.  

Loan Program Conditions (does not include all conditions):
•    Loans secured with UCC filing with Commonwealth.
•    20% or more ownership must guarantee the loan. 
•    Must be licensed by Commonwealth and municipality.
•    Must be in business more than one year.
•    Minimum credit score of 660.
•    Profitability per tax returns required for 2021.

For more information, please contact Bill Flynn at Coastal Community Capital by calling 508-362-8608 or visit