Punkin Patch Daycare is seeking a $40,000 loan from the Watertown Local Development Corp. to help pay off debt and purchase equipment.
The day care center opened in December at the site of the former Our Lady of the Sacred Heart Day Care, 320 W. Lynde St.
The WLDC loan review committee approved the seven-year loan Wednesday, with the full board expected to take up the issue at next Thursdays meeting.
Owner/Assistant Director Patricia A. Shatraw said the loan will pay for outdoor equipment and new cribs, in addition to helping with debt.
She does a good job, and theres a demand for the service, WLDC CEO Donald W. Rutherford said.
The center employs 25 full- and part-time workers, provides service for 80 children and leases seven rooms from the former Sacred Heart Elementary School. There are waiting lists for infants and toddlers, Ms. Shatraw said.
She might lease additional space, depending on whether she adds services, she said.
The center is open from 5:30 a.m. to 5:30 p.m. weekdays.
The space in the former Sacred Heart Day Care became available last August after that center closed because of financial difficulties.