Who should take this course?

This course is ideal for Michigan Adult Foster Care (AFC) owners, prospective group home operators, administrators, and managers who need a practical understanding of financing options for starting or expanding a group home and who also need Michigan AFC CEU credit.

What will I learn in this financing course?

You will explore common financing tools for group home start-up and expansion, including bank loans, lines of credit, private investors, and public funding streams. You will also learn about collateral, cash flow planning, break-even analysis, and how to present your group home project to lenders in a credible and organized way.

Is this a Michigan-approved Adult Foster Care CEU course?

Yes. This course is part of the Direct Care Training & Resource Center, Inc. Michigan Adult Foster Care CEU catalog and is structured to support ongoing training requirements for licensed AFC providers.

Do I need a financial background to benefit from this course?

No formal financial background is required. The course is written in practical, plain language for care providers and owners. It focuses on real-world examples, simple tools for planning, and questions you should be prepared to answer when approaching a bank, investor, or other funding source.

Group Living Course #1212 - Financing Options for Group Home Start-Up and Expansion

Understanding Your Financing Options

Compare common funding sources for group home projects, including bank loans, lines of credit, private investors, and owner equity. Learn which options align best with typical AFC revenue streams.

Presenting Your Project to Lenders

See what banks and lenders look for in a group home proposal. Explore cash flow projections, occupancy assumptions, collateral, and how to explain your business model in clear, credible terms.

Planning for Sustainable Operations

Connect financing decisions to day-to-day operations. Understand how staffing, maintenance, and regulatory compliance impact your budget so your group home can thrive long after opening day.

What You’ll Gain

Michigan Adult Foster Care CEU credit from Direct Care Training & Resource Center, Inc.
A working knowledge of realistic financing tools for group home start-up and expansion.
Simple approaches to cash flow planning, break-even thinking, and risk management.
Confidence to approach lenders, investors, or partners with a well-framed plan.
A certificate of completion suitable for personnel and regulatory training files.

Start Learning

Whether you are opening your first Michigan AFC home or planning carefully for expansion, this course helps you think like a responsible operator and an informed borrower, without losing sight of resident needs.