CLIENT SPOTLIGHT
Kidship Early Learning Academy
BBIF's Support Fuels the Start-up of Black-Owned Early Learning Academy
Kidship Early Learning Academy, LLC, established in May 2022 in Lake Wales, Florida, was founded by Tiara Daniels, a dedicated early childhood educator. The academy provides a nurturing, safe environment for children aged one to ten, supporting young families and working parents in the community. With BBIF's support, Kidship has created a high-quality learning environment that fosters children's cognitive, behavioral, and emotional development. As it grows, Kidship exemplifies the positive impact of community-focused financial support in nurturing the next generation.
DEMOGRAPHIC
Black-Owned
LOCATION
Lake Wales, Florida
LOAN PROGRAM
SBA Community Advantage
THE CHALLENGE
The Hidden Cost of Establishing a Start-Up
The journey to establishing Kidship Early Learning Academy was not without its challenges. As a new business, Kidship faced the daunting task of securing significant financial support to cover essential startup costs. These included purchasing classroom furniture, educational materials, and equipment, as well as installing outdoor playground sets to ensure a comprehensive learning and play environment for the children. Beyond these physical necessities, Kidship also required working capital to manage ongoing operational expenses such as payroll, utilities, and other critical overhead costs.
Founder Tiara Daniels recognized the immense benefits Kidship would bring to Lake Wales, Florida. The community had a growing need for quality early childhood education, and Kidship aimed to fill that gap. By offering reliable, enriching childcare and comprehensive services, including before and after-school care, Kidship would support young families and working parents, ensuring children received consistent, high-quality education and care.
THE SOLUTION
BBIF’s Crucial Role in Bringing Kidship's Vision to Life
As a new business, Daniels recognized that Kidship would be at a standstill without external support, so she turned to BBIF. BBIF's tailored approach and deep understanding of the challenges faced by entrepreneurs made them the ideal partner. With BBIF's assistance, Kidship secured the financial resources necessary to bring their vision of a high-quality early learning academy to life.
The partnership with BBIF was pivotal. Understanding Kidship's unique challenges, BBIF provided a customized financial solution to support their growth. The loan from BBIF enabled Kidship to purchase essential FF&E, stock up on inventory, and ensure smooth operational flow with adequate working capital. This financial support was crucial in establishing a quality early learning environment that meets the highest standards of safety, nutrition, and education.
“BBIF has been a tremendous help for my business, thanks to their support my business can flourish and have a positive impact on the community we serve.”
Tiara Daniels
Owner
THE IMPACT
Transformative Impact of BBIF’s Support on Kidship Early Learning Academy
The impact of BBIF’s support on Kidship Early Learning Academy has been profound. With the loan, Kidship was able to create age-appropriate playgrounds with the safest equipment, offer nutritionally balanced meals prepared to the highest cleanliness standards, and implement advanced security measures. These features enhance the safety and well-being of the children and provide peace of mind for parents. Since opening, Kidship has seen a growing waitlist, reflecting the community's trust and demand for quality childcare services.
