The continuing rise of dual-income households has fueled consistent growth for child care businesses. There are some large daycare providers, but small businesses still dominate the child care landscape, and that means there’s lots of competition—and lots of opportunity for your daycare business to grow.
Parents expect the highest level of care for their children, whether you offer early education programs, after school care or all day child care, or specialized care such as infant care. Sometimes, your need working capital to maintain and exceed these standards so you can provide superior child care that sets you apart from your competition. You may be able to get the funding you need from a traditional lender, but the application process can take months and requires extensive paperwork, all with no guarantee of approval.