State Treasurer Steven Grossman today toured Little Kids Inc., a North Falmouth childcare center that was a recipient of a $400,000 loan made by The Cape Cod Five Cents Savings Bank leveraged through the Treasury’s Small Business Banking Partnership. 

The loan financed the transfer of the facility from its long-time husband and wife operators to their daughter and her husband.

The Small Business Banking Partnership moves Treasury cash reserve funds typically held by large national and international financial institutions and deposits them in amounts of up to $10 million in Massachusetts banks.  In exchange for the infusion of new deposits, the banks sign a Memorandum of Understanding (MOU) signaling their intent to enhance their loan portfolios to small credit-worthy Massachusetts businesses.