How to find money for your childcare business start-up

How to find money for your childcare business start-up

One of the questions I get asked the most by people looking to start a childcare business is: “How do I find money for my childcare business start up?!” And it’s a great question! Not all of us have money in the bank to get started, right!? So I wanted to share with you some ideas about how to get those dollars flowing!

I’m NOT a financial pro, so these are tools I’ve used myself or my coachees have tried out.

The childcare industry brings in BILLIONS of dollars to the economy every year. It’s pretty much recession proof too, because who doesn’t need childcare?! Which means that there’s cash waiting to invest in new childcare businesses…

Read on to find out how you can get your hands on the financial support you need to finally start your childcare business and start living the life you love!

First thing first…

I need to ask you a question: how are you planning on setting up?

Do you actually need to set up a center? Or could you begin in your home? Are you setting up as a franchise? Will you need a center?

A little bit of money and a lot of perseverance is how you grow! I started as a home daycare because I didn’t have thousands of dollars to hire a space or invest in a franchise. And that is a great route into the industry. I’ve been able to grow and thrive. And so can you.

Should you start small?

Don’t stress about not having hundreds or thousands of dollars. You do not NEED huge amounts of cash to start your childcare business. Many of the owners I know started out with a simple daycare run from their front room! And once they became more established, they were able to find investors or access money to grow.

So I want you to think really carefully about how you start out. Don’t put off starting something you know you’ll love and feel passionate about just because you’re not cash-rich!

Grant money

Grants are great because you don’t usually have to pay the money back. At the moment, there seems to be grant money in most states to support childcare businesses to stay open and grow. These tend to be for businesses that are already established. However, there’s no harm in investigating! Perhaps your local government agencies have something available for start up childcare businesses. Even if they have nothing to give you, they can be great for sign-posting you to other grants.

Look at grants outside the childcare business arena – small business grants, community grants… There are lots of options and sometimes it’s smaller amounts that you can put towards training or furniture.


Not always something people are keen on (I know I stayed away!), but loans can be a good way to getting your foot in the door. Go to your own bank and open up a conversation with your finance experts there. They might be able to help you set up and they can point you in the right direction for grants and further support.

Do not go to a loan shark or take out a loan where the interest rates are sky-high! A reputable and responsible bank or financer will ensure that your repayments are affordable and sensible. A loan could be the leg up that you’re looking for.

Side hustle

Perhaps you might want to look at getting a second job or doing a side hustle to gather the money you need to get started. This isn’t an option for everyone, but working a few extra shifts means being able to save cash. You can then put this directly into savings for your new business venture.

If you do have the time to spend 6 months working a second job or side hustle, then it’s a great way to plan for saving. Set yourself that deadline so you don’t get stuck and not start your childcare business.


Find a partner

If you have someone who wants to partner up with you – perhaps they’d rather be in the background while you’re doing the front of house! A great partnership can do amazing things for a business. Sometimes the partner just wants to invest, and that’s cool. But they might want to be IN the business, so you’ve got to be clear about roles. Playing on each of your strengths can be hugely beneficial.

Whatever you do on this front, make sure you’ve got it all in writing!! A partnership break up can be ugly if you don’t have things laid out officially from the get-go!

So if you’re wondering how to find the money for your childcare business start up, save some of these ideas and then dive into the video below for more!

Watch my YouTube video now to answer the biggest question I get asked about the childcare business: ”How do you find money to start one”?

Join me inside as we tackle some ideas to get those dollars you need to finally get started!


And to help you figure things out, here’s my Side Hustle Checklist to download now!  Go and get some inspiration on what you can quickly do to get the start up funds you need.

If you’ve loved this post, please leave me a comment below, or share the lessons you’ve learned so far!

I’d love for you to join the community over on Facebook, where you can hang out with like-minded and aspirational daycare owners. Dive in  for more tips on how to make your childcare business the success it deserves to be! Or if you prefer Instagram, we share ideas and tips there too. We’re an army of childcare professionals who are sharing ninja-sharp skills to transform our businesses into childcare empires! This is Childcare Ownership all Grownup!

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