WEDA Success Stories

 

WEDA Success Stories

Peas in a Pod Child Care
Peas in a Pod Child Care Photo

1212 Ridge Rd
Cheyenne, WY 82001
US
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Category:  2015 Success Stories


The Childcare Loan Program was a result of a Community Development Block Grant through the Wyoming Business Council to increase the availability of licensed childcare facilities in the state.

The Wyoming Women’s Business Center was awarded the contract. The program is intended for non-profit and for-profit child care operators to improve their facilities, increase their capacities and create jobs. Peas in a Pod Child Care is a for-profit child care center in Cheyenne that wished to physically expand their care center facility in order to serve more families in the community.

Peas In a Pod received a loan of $13,000 through the Wyoming Women’s Business Center Childcare Loan Program with a low interest rate and payable over six years. Peas In a Pod was required to maintain and/or create jobs, make timely payments, and provide the WWBC with annual financial information. They successfully met all requirements at the end of three years and half of the original loan amount was forgiven as a grant.

The loan was used for a facility expansion from 4,000 square feet to 8,000 square feet, and provided new flooring installation, electrical work required to meet rules and licensing standards, and a pull fire alarm system. The expansion allowed Peas In a Pod to serve an additional 30 families in the Cheyenne area, with the potential to increase the care center to a larger capacity if needed at a later date. The expansion required the addition of three full time employees.




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