Childcare & Education Mortgages
Latest News & Insights
Read our latest news & insights from the Childcare & Education sector
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What Christie Finance Can Help You With
Christie Finance specialises in restaurant loans and mortgages. Our team of restaurant mortgage brokers can answer all your questions about commercial mortgages, such as:
- What kind of loan do you need to open a day nursery?
- How much does it cost to open a day nursery?
- How much loan can I get to open a day nursery?
- How do you borrow money for a day nursery?
- How do I apply for a small business loan?
Try our Mortgage Calculator
Business mortgage calculator to work out how much your monthly repayments may cost you over your requested loan term.
Lender Appetite
Childcare as a sector is increasingly becoming a favourite with lenders, however, the ‘30 Hours Free Childcare’ initiative introduced by the Government has diluted the profitability in this sector, especially for operators with single settings. The sector has always worked on lower margins due to high staffing costs and the gap in Government funding has led to the closure of some smaller settings, whilst operators with larger, multiple settings have covered the deficit through ‘top ups’.
Whichever option you have in mind, Christie Finance will help you get the funding you need to purchase or lease the child care setting you want.
Key Factors to Consider for Your Loan Application
When you are thinking about buying a business there are various things that both you and a potential lender will need to consider:
- Experience – do you have the right level of experience to run the business? How will you run it?
- Performance – how well is the business doing? Is it in a good location? Is there enough profit in the business to be able to repay a loan easily and personally benefit from?
- A deposit of 30% or more
- Good credit history
- Two years' trading accounts and income projections
- Strong proposal from Christie Finance
- Additional security
- Business plan
- Proof of experience