At BB&T, we specialize in financing select daycare centers. We know what you need, because we’ve helped many of your colleagues start, expand, or refinance a daycare property. When you’re ready, we’ll work with you to understand your specific needs and design a personalized plan to help you meet your goals. We can close your loan quickly, too — often within 30 to 60 days.
To get the most from your relationship with us, contact us as early as possible. Call us toll-free at 1-800-758-0038. We’re ready to get to work for you and your practice.
We provide financing for:
- Construction and renovation of new and existing daycare centers
- Expansion of existing facilities
- Acquisition of existing daycares
- Refinancing of existing debt on more favorable terms to make your payments more affordable
What we need to consider your loan request
- Your business plan, if you’re a startup
- A description of how loan proceeds will be spent or use of funds
- Resumes of your principals
- Your current financial statements, as well as statements from the past three years, if your business is already in operation
- Personal tax returns for your principals for the past three years
- A copy of the Franchise Agreement
- A project cost breakdown on new construction or renovation
- A copy of your promissory notes if you are refinancing existing debt
- A copy of land or facility lease, if applicable
- Information on other businesses that you control
- A purchase contract or closing statement, if applicable
- If the loan is a refinance, include copies of all prior notes and current month statements.
- If the loan is for a new daycare, please submit 3 years financial projections which include profit and loss statements and balance sheets. The first year should detail monthly projections and the subsequent two years should detail annual projections.
BB&T, Member FDIC. Loans are subject to credit approval.
Call us at 1-800-758-0038 to get started!
To get the most from your relationship with us, contact us as early as possible. We're ready to get to work for you and your practice.