For providers and the families that need them
The Merrimack is deeply committed to expanding and strengthening the businesses that care for our youngest community members. New Hampshire is experiencing a childcare crisis. With a shortage of options and a lack of workers, the demand for affordable childcare services is crucial.
If you’re looking to jumpstart your childcare services or expand your business, our specialized loan program offers benefits specifically to licensed childcare providers. The CareWork Loan Program helps childcare providers make a greater impact as they support the families of New Hampshire.
This loan is offered in partnership with A Place to Grow, which operates childcare centers in Brentwood, Salem, and Durham, New Hampshire. Together, we want to help aspiring childcare providers purchase and finance their own franchise location with a CareWork Loan. Whether you’re just starting out or looking to grow your business, The Merrimack is dedicated to supporting you as you build your childcare service business.
CareWork Loans offer:
- Up to 100% financing.
- Flexible terms with a maximum of 10 years, including up to 12 months of interest‑only payments.
- Competitive interest rates based on the applicant’s credit score.
- An initial interest rate fixed for five years, with a single adjustment at the five‑year mark.
- Full coverage of the loan packaging fee of approximately $600.2
If you’re ready to start or expand your childcare services, turn to a partner that wants to see you succeed. Our Business Lending Team is standing by to assist you through the lending process.
Consider a CareWork Loan to finance:
Start-up Costs for New Businesses
Equipment Purchases
Leasehold Improvements
Working Capital Needs
The Acquisition of a Franchise1
Application and credit approval required. Terms and restrictions apply.
1Franchisor and franchise agreements subject to bank review and acceptance prior to loan approval. Franchisor must be approved by SBA.
2The Loan packaging fee covers the cost of standard flood hazard determination form, UCC lien recording fee, UCC liens searches and loan documentation.
