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Dare 2 Dream Daycare & Learning Center

Dare 2 Dream Daycare & Learning Center is a start-up company located at 285 Wyoming Avenue, Wyoming, Luzerne County, PA 18644. Jacki Swetts is 51% owner of the entity along with John Swetts who is 49% owner.  The location was the site of a formed daycare but was forced to close after the manager became severely ill. This allowed the perfect opportunity for Jacki to open her own location with a strong need for a daycare in the area. NEPA Alliance provided a Tri-District loan for $55,000 each at 5.50% for 15 years. Landmark Bank provided the other portion of the financing. The borrower worked directly with the Small Business Development Center and Wilkes University to prepare their Business Plan, Financial Projections and Financial Assumptions for the project. These documents were used by both NEPA Alliance and the bank while underwriting the project.

Through this project, Dare 2 Dream Daycare and Learning Center was able to secure a location for the daycare to operate out of in a prime location. The NEPA loan proceeds were used for the purchase of commercial real estate and minor associated closing costs. Through the project, Jacki will be able to hire 2 full time people upon opening, with additional to be hired in the future if needed, she will also be able to provide child care services to a community again that previously relied on the operation that was there before.