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3 Replies Last post: Dec 15, 2008 9:23 AM by jamie.14_

How can I finance a childcare business?

Dec 14, 2008 5:08 PM

jamie.14_ 18 posts since
Dec 13, 2008

Hello,
I keep trying to post here, but my posts from early today have all been deleted. Please do not delete this post...

I am looking for a way to finance an established childcare business that I would like to buy in North Canton, Ohio.

I am interested in speaking to anyone that might be interested in lending, investing, or anyone that can give any advice.

Thanks!
Heidi

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val_cards 166 posts since
Nov 1, 2008

1. Re: How can I finance a childcare business? Dec 14, 2008 6:22 PM

visit your local bank...they are also known as money lenders....also google hard money lenders

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NoBullFunding 278 posts since
Oct 6, 2008

2. Re: How can I finance a childcare business? Dec 14, 2008 8:03 PM

Hello Heidi,

If you have the historical financials, and they demonstrate sufficient cash flow to service the loan you want, a bank would consider it, but it would also depend on your personal credit, collateral, outside sources of income, and your experience. If there is real estate involved, there may be a chance you'd qualify for an SBA loan.

Have you reached a tentative purchase price for the business? How much money do you have to put down?

Part of what I do is help borrowers get their application package together for banks. If you need some help, email me at NoBullFunding@gmail.com

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jamie.14_ 18 posts since
Dec 13, 2008

3. Re: How can I finance a childcare business? Dec 15, 2008 9:29 AM

in response to: NoBullFunding

Well... you see that's the problem. I have no collateral and I don't have a good personal credit history and I have no money to put down. And there is no real estate. What I'm looking for is a private lender willing to give me an unsecured loan... I'm willing to pay ANY interest rate on it. If I can 't find a lender, then I'm lookin for an investor; I'm willing to give 50% of all profits to anyone willing to help me finance. The asking price is $100,000.

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ForumsStarting a Business

This Question is Not Answered

How can I finance a childcare business?

Dec 14, 2008 5:08 PM

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