Scyita Smith’s love of children and helping families inspired her to open her first childcare location in the Feltonville section of Philadelphia. She knew parents in her community needed trustworthy, round-the-clock care for their children while balancing multiple jobs and night shifts. After years of operating at full capacity, it was time to open a new location in a nearby neighborhood so she could serve even more families. The demand for more quality childcare in the community was clear, but how to finance that need proved to be challenging.
Success Story
New Arisens Childcare Solutions
Traditional lenders saw Scyita’s venture as risky, denying lines of credit and loans that would help fund the new location. Without financing, Scyita could not grow her business. Though frustrated, she remained persistent, and her accountant referred her to NPF. “It was clear they wanted to help me. No question was stupid. Every question was answered with clarity and respect. NPF made their expectations clear so I knew exactly what I needed to do every step of the way. They made the process less stressful and less scary.”
“NPF offers our community something others won’t…hope.”
Scyita secured financing from NPF and opened her second neighboring location. All twenty caregivers Scyita employs live in the community, and most live close enough to walk to work. After only 3 months, she reached full capacity at the newest location, giving more children in her neighborhood a safe place to call a home away from home. “NPF offers our community something others won’t…hope.”
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