Nursery & Childcare
All nursery schools and childcare facilities need premises, we can help you find the right commercial mortgage, whether it is a new purchase or refinance.
Typically lenders will fund up to 75% of the value of the premises, repaid over 15-20 years. Some lenders provide interest only funding which could help with cashflow initially.
Day To Day Needs
If you need funding for equipment or fit out for your setting, then we can source this too – kitchen equipment and general refurb funding is available. You might need a mini-bus or van – we can source competitive finance to get you moving.
- The first thing most lenders will do is check the Ofstead register and they will seek to understand how your business is performing at the last inspection.
- Lenders will need a good understanding of the management team at the nursery and will look at the stability of the staffing as well as the day to day controls that are in place.
- Financial performance is important and lenders will want to understand the revenues of the business (day care, after school, part days etc) and how may parents pay for the childcare and how much is government funded.