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Finance For The Child Care Industry
Application Form

Child Care Sales Australia is pleased to announce its new association with several of Australia's leading commercial finance providers, offering competitive finance on most child care projects (conditions apply). Please complete the enquiry form by clicking here.

Complete the form, Submit it and one of our trained consultants will get back to you asap.


Child Care Loans

Commercial finance is defined as finance for any structural security which is not residential and is not within the guidelines of the Uniform Consumer Credit Code.

Loan amounts from $100,000

Interest Rates - are available on application. Due to changes with rates in the market and each client circumstances being different, more accurate rates are quoted once full details are known, however indicative rates are below.

Interest Rates

Commercial Lending
Fully documented loans
Maximum lend: $50,000,000 (Larger loans please call)
Rate: From 8.0%
LVR: Up to 80%
   
LoDoc loans  
Maximum lend: $5,000,000 (Larger loans please call)
Rate: From 9.95%
LVR: Up to 65%
   
Asset loans  
Maximum lend: $30,000,000 (Larger loans please call)
Rate: From 9.50%
LVR: Up to 70%
   
Development Lending
Fully documented loans
Maximum lend: $50,000,000 (Larger loans please call)
Rate: From 4% over the 90 day bank bill rate
LVR: Maximum 80% of all costs or 70% gross realization

Conditions, fees and charges apply to all loans.

Purchase or Development of Child Care Centres

Loan Amount: up to 100% if other security provided
Interest Rate: from 8.0% depending on individual centre risk rating by Lender
  May be Interest Only (Initially for a short period then P&I) or Principal and Interest.
Establishment Fees: 0.5% - 1.5%
Qualifying Criteria: Centre must be freehold ownership
  Centre may be owner operated or leased
  Licensed places and Occupancy are taken into account in assessing Rates.
  Leasehold purchases (ie Business) may be considered.
  Financials indicate net income to meet the lenders serviceability requirements
Valuations: Property / Business to be valued by a Registered Valuer which is acceptable to the Lender.
Centre Construction: Occupancy, Annual Turnover and Financial Projections will be derived from the valuation report.

NOTE: The above terms are indicative only. All loans must meet the Lenders standard qualifying criteria.

Source of Funds

Types of lending institutions that our Specialist Broker uses to place its business:
  1. ANZ
  2. Aust Mortgages
  3. Bank of Queensland
  4. Bank of SA
  5. BankWest
  6. Challenger Financial Services
  7. Citi-Bank
  8. Colonial First State
  9. CBA
  10. GE Commercial Finance
  11. IMB Commercial
  12. ING
  13. Merchant Mortgages
  14. NAB
  15. Supreme Funding
  16. St George Bank
  17. Suncorp
  18. Westpac
  19. Plus a number of Private Lenders
  20. Over 30 Residential Lenders when using additional security, if required

 
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