Specializing In Small Business Loans For Child Care & Day Care Centers
We know all the routes to take to get you the best business loan
Daycare centers earn revenue via monthly fees. But sometimes, you can’t wait until the end of the month to solve a problem or pay an incurring expense. We typically recommend a Business Line of Credit for businesses looking to minimize the impact of their business cycles (the time between performing a service and getting paid). With this type of working capital loan, the business has a revolving credit line for business expenses and only makes payments when they have a balance.
So, while still being paid monthly, the business can pay recurring and unforeseen expenses incurred in the running and growth of the business.
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Need new equipment or renovations? A business line of credit lets you pay for them now since waiting comes with the risk of presenting an outdated, unsafe appearance to parents.
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For other significant expenses, like increasing staff or marketing campaigns, we offer several business loans that do not feature fixed, monthly payments immediately after funding is distributed. New staff members and marketing campaigns are alike in that they take months to finance themselves. Many ECL clients take out different working capital loans to finance long-term investments since they wouldn’t have to make their largest payments until the staff or campaign is actually bringing in more sales.