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Business owners love that Lendio helps them get funding without the headaches.
Get the answers and the funding you need with support all along the way.
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*Qualification criteria, rates, and other funding terms will vary depending on the type and location of your business, and upon other factors. This is not a guarantee of funding, and it should not be relied upon as an accurate assessment of the availability or terms of the represented funding products.
Not sure what you need or what funding options are best for you? Use our simple calculator to get a rough idea of your options with no commitment, and apply when you’re ready.
Whether you’re looking to expand your daycare business or alleviate your short-term working capital needs, we have the loan product your daycare needs to not just succeed, but to thrive. At Lendio we’ve partnered with the best lenders offering the best loans, so you don’t have to waste time finding the perfect loan and can get back to doing what you do best—running your daycare business.
These are the most popular types of funding that other daycare-based businesses qualify for through Lendio.
Access funding based on your future revenue and repay with regular payments.
Convert unpaid invoices into immediate cash flow by selling your accounts receivable to a third party.
Borrow a lump-sum with a set repayment schedule, and get funding quickly with online options.
Also called a business cash advance, revenue-based financing allows business owners to borrow money based on expected future revenue. The money is then repaid through daily or weekly withdrawals from the business’ bank account.
Debt financing is a more traditional loan product, as borrowers receive the borrowed amount in one lump sum and then make regular monthly payments until the loan amount is paid back. For business owners, debt financing comes in two forms: term loans and SBA loans.
A business line of credit works basically the same as a credit card: interest is only paid on money borrowed, and the available credit renews as the principal is paid down. Business lines of credit come with higher borrowing amounts and lower interest rates, which makes them a good financial tool for any business owner with general, intermittent capital needs.
Find answers to some commonly asked questions in the daycare industry.
Daycare loans are business loans that are intended for general capital needs or major investments in a daycare. Once taken out, monthly payments are required until the full loan amount is repaid.
To get a loan through the Lendio platform, daycare business owners should meet the following minimum qualifications:
Through a lending marketplace like Lendio, a single application connects you with a network of lenders, so you can quickly find the right loan option for your daycare business. A funding manager will guide you throughout the application and funding process.
SBA loans are insured by the federal government, but are fulfilled by standard lenders. Because they are insured by the federal government, lenders are able to offer borrowers lower rates and higher loan amounts. The difference between an SBA loan and a standard term loan is that SBA loans are typically harder to qualify for and can take longer to process.
Business owners should be aware that there are three types of SBA loans, each of which has a unique purpose. Microloans are for small capital needs, with loan amounts that range between $500 and $50,000. 504 loans are for large capital needs and are intended for large asset purchases, such as long-term use manufacturing equipment. Both it and the 7(a) SBA loan are available for amounts up to $5 million. The difference between the 504 and the 7(a) is that 7(a) can be used for general capital needs and does not require a major asset purchase.
See what you can qualify for on the Lendio Marketplace.