Commercial Real Estate Financing
When Expansion Is Needed
Everyone knows that kids grow up fast. They can seem so small and innocent one day and be practically adults the next in the eyes of a parent. Your child needs bigger clothes, more advanced books, and is eventually out of the house before you ever expected it.
Kids aren’t the only thing that grows over time. Businesses do too. In this case, the daycare we mentioned became so popular that there wasn’t room for everything they did. Expansion seemed to be the only option to keep offering the great services they were known for.
Considering Financing Needs
While an expansion was a great idea, it was going to take some time to make that a reality without financing. With a focus on infants all the way to pre-kindergarten kids, the daycare came up with everything they would need to expand and offer supportive care and education in the years to come.
After going through the business needs, it was determined that a loan of $1.5 million would be the best option. This would fund a building expansion, a new curriculum, experienced staff, and better food for everyone at the daycare. It was a great way to show the neighborhood how daycares should be.