Cash Flow and Credit Essentials for Childcare Providers

Cash Flow and Credit Essentials for Childcare Providers

Strong financial management is critical to the sustainability and growth of childcare businesses. This workshop is designed specifically for childcare providers who want to strengthen their understanding of cash flow and business credit and improve their readiness for financing.

This session is presented in partnership with the Tennessee Small Business Development Center at Middle Tennessee State University and the Tennessee Department of Human Services. The workshop will be taught by Galen Longo, Director of the Tennessee SBDC at MTSU.

Participants will gain practical insight into the financial fundamentals lenders look for and the tools needed to manage day-to-day cash flow challenges.

This workshop will be over Zoom

Key Takeaways:

• Overview of small business cash flow and why it matters for childcare providers
• Common cash flow challenges in the childcare industry and strategies to address them
• Understanding business credit needs, including debt service coverage and repayment capacity
• Overview of typical small business financing options and their common uses
• Introduction to the Five Cs of Credit and how lenders evaluate borrowing decisions

This workshop is ideal for childcare business owners and operators who want to improve financial stability, make informed financing decisions, and better prepare their business for working with lenders.