The Childcare Reinvestment Business Fund (CRiB) is a forgivable loan program designed to sustain and stimulate the growth of new and existing child care businesses in the City of Pittsburgh.
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Loan information
Minimum loan amount of $5,000
Maximum loan amount of $20,000 or 90% of total project costs
Borrowers who complete sponsored additional training through Chatham University are eligible for an additional $5,000
Within three years, borrowers can request to have the loan 100% forgiven
Loans are subject to funding availability
There is a $50 application fee. Upon loan closing, a 4% administrative fee will be retained
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This fund can be used for
Working capital
Payroll
Enrollment scholarships
Equipment
Software
Supplies
Leasehold improvements
Staff educationPreference will be given to minority-led businesses and non-profits, entities that enroll a significant percentage of children receiving subsidies, and applicants that demonstrate financial need.
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Next steps
Gather W-9 tax return/financial documentation
Submit completed application
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Technical assistance is available for
Application assistance
Credit counseling
Continuing education for child care business owners/directors
We won’t lie - childcare can be complicated. Let us help you make it a little more simple.
Find out what you'll need to work with us and what our loan process is like.
We’ve put together a whole page of resources just for those starting or expanding their childcare business. Get help with budgeting, check out your rental readiness, and dig deeper into all the nitty gritty.