Buy an existing daycare — We make it simple.

In late August, our lending partner received a call from a group seeking to acquire an established daycare facility in Houston, TX. Three married couples — with the wives as daycare partners and husbands in demanding careers — wanted to purchase a nearby facility. They had been working with another lender for weeks but were frustrated by slow communication.

The borrower explained their project as a strong candidate for an SBA 7(a) loan. The group already owned a daycare, possessed excellent credit, and had substantial liquid capital available. However, the initial bank's quoted rate seemed unbeatable.

Despite initial skepticism, our team agreed to help move the deal forward. When the group submitted their files, the loan officer discovered significant gaps and incomplete documentation — which explained the previous lender's unresponsiveness. When banks get nice clean packages that are easy to review, they can move quickly and efficiently.

The lender worked to organize everything and present it professionally. After negotiation, they reached acceptable terms. During underwriting, the group needed substantial guidance on business planning and projections. Rather than sending templates, the lender collaborated directly — developing a solid business plan and helping them think through transition aspects they hadn't previously considered.

The process occurred during September's overwhelming influx of SBA loan requests. Despite industry-wide backlogs, sbaloansHQ's SBA expertise proved invaluable. They provided preliminary closing checklists before the lender assigned a closing agent, ensuring most preparations were underway before official assignment.

Buying a licensed daycare isn't simple. Licensing transfers, inspections, staffing transitions, working capital requirements — there are a lot of moving pieces. But with the right team in your corner, it doesn't have to be complicated. While the group could have purchased the facility independently, the partnership significantly reduced complications and headaches for both lender and borrower.