Delancey Street specializes in providing loans for child care and day care centers all over the USA. We understand the challenges of running your own business, and are here to help you.
We can help you with explore a number of small business loans for child care, and day care centers. WE understand the quality of daycare has risen considerably, and so have costs. Many daycare centers are seeing an increase in their expenses, and need funding sometimes to help expand, or meet their monthly costs. In order to maintain your customers’ trust – you need to show you’re professional, and can deliver the service your clients expect.
Expenses for running child daycares are high, and profit margins are low. Many daycare centers are getting crushed because they have to comply with state laws which mandate staff to child ratios. This means more expenses. Payroll can easily take up to 70% of your revenue away. This is a hard fact of life when running a child care and child day care center. We understand you struggle to find good, affordable, help – and need to worry about your finances. There’s a lot of hard costs like playgrounds, toys, couches, cribs, etc. In addition, you have expenses like cleaning supplies, food, office supplies and more. In addition, you have to put in place a huge marketing budget which is going to keep increasing in cost as more competition enters the scene. Between all of these expenses, it’s not uncommon for day care centers to have a profit margin of only 5-10%. In some cases, day care centers are losing money, and at some point – have no more money left. The business owner has used all of his, or her, savings, and now needs a child day care center small business loan.
Delancey Street is proud to help Child Day Care centers all over the USA. We provide small business loans of all sorts, and evaluate your unique situation in order to help you find the loan that is RIGHT for YOU. You can use the funding we provide you with all sorts of things, like advertising, upgrading safety features, getting new teachers, buying new toys, expanding your facility, and more.
We work with you to make sure you qualify for the best small business loan
We’re partners. We treat you like one. That means we identify your needs, and identify what will work for you and what won’t! That means recommending you a small business loan that we think will actually work for you. Daycare centers earn revenue via monthly fees. Sometimes you can’t wait till the end of the month, and have to pay expenses now. In situations like this, it might help to get a business line of credit. With this type of capital, you have a revolving line of credit which can be used for business expenses. In other situations, it might help to get a merchant cash advance if you have a clear track record of recurring payments which can be used to justify the cash advance.
The most important thing is to recognize that there’s a number of options. Every option is different, and at the end of the day what matters is what will work for you. It’s our responsibility to identify your needs, identify which loan best answers those needs – and then help you qualify and apply for that exact type of loan.