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Daycare Center, Welcome
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I am in a similar situation and am in need of $6,000 in additional funds. I would appreciate any advice as well.
I suggest re-thinking the normal concept on this. You are thinking about needing funds for renting or purchasing a location, insurance on the building, electricity, water, etc. BUT what if you networked with a location that can benefit from your daycare for their employees or customers. Your daycare is within their place of business, this would not only omit the major over-head cost it would be a win/win.
Some location ideas: That the company could market your daycare for employee insentive....
- Within a manufacturing company (for employees Kids)
- Within a school system (for Teachers Kids)
- Major Grocery Stores (shop while child plays)
- Mall (shop with child plays, also open to Mall employees)
Additional funding for supplies, furniture, decor, etc. would come from the deposit from parents who sign-up.
Remember, so states and cities require certification or special use permits for DayCares, check your area.
Have you thought of running your daycare out of your home?
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I would like to start a daycare center but having bad credit and no assets or downpayment I am not sure that I will be approved for a loan. I do have the drive and perserverance to run a daycare. I also have worked at a daycare center and have been a nanny for many years. Advise please.