Equitable Wilmington Funding Supports Precious Little Hands Acquisition of Childcare Facility

Tazeema Loatman, owner of Precious Little Hands Day Care in the West Side neighborhood of Wilmington, was recently able to purchase the building from which she has been operating her child care business. Tazeema’s acquisition of the building was funded in part by a $50,000 loan from the Equitable Wilmington CDFI Collaborative, through Collaborative partner True Access Capital. True Access Capital also provided a $450,000 small business loan using funds from the Grow with Google Small Business Fund program. Tazeema also invested in property improvements using her own funds.

Precious Little Hands is located at 111 S. Lincoln Street in Wilmington. Tazeema has been operating two other centers and this is her first purchase. In business for five years, she has achieved the highest rating by the Delaware Stars Program. When completed this center will provide services for 142 children aged 6 weeks to 12 years.

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