
Kristan, the owner of Under My Wing Academy, LLC, faced significant challenges in her journey from running a small at-home daycare to establishing a full-scale childcare center. Initially, she aimed to build or purchase a facility independently but encountered financial planning and business structuring difficulties. Additionally, the high costs of various building options posed a substantial barrier.
Business Advisor Ben Evans from the Oklahoma Small Business Development Center (OKSBDC) provided strategic support to Kristan. He assisted her in refining her financial projections, advised on business structuring, and identified potential funding sources. When Marland’s Place offered a leasing opportunity, Ben helped Kristan adjust her business plan to align with the new location and leasing model. He also guided her through the LLC registration process and prepared her for a financing meeting with Equity Bank, which initially recommended an SBA loan, but decided to do an in-house line of credit instead.
With the support of the OKSBDC and community resources, Kristan successfully transitioned Under My Wing Academy, LLC, into a full-scale childcare center. The academy is now poised to serve Ponca City, offering accessible, around-the-clock childcare. Kristan’s vision has come to life, enhancing local childcare options and supporting families across the community.
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