Day Care Loans

Today, more and more families consist of both parents working full-time jobs. This phenomenon has caused an increase in demand for day care businesses across the country. Mission Oaks National Bank is here to help day care operators in all 50 states realize their dreams of owning and operating their own day care facility.

Mission Oaks National Bank can finance day care properties from $250,000 to $15,000,000 and we can offer both conventional and SBA financing. Stand-alone day care facilities are normally considered special use properties, however day care businesses have been known to occupy retail and office properties as well (which are considered to be multi-use properties).

We can offer day care loans for the following purposes: purchase, refinance, renovation, ground-up construction, and cash out.

Here is our criteria for Day Care Loans:

Other Property Types:

Office

Warehouse

Automotive

Retail

Restaurant

Assisted Living

Day Care

Fast Facts for Brokers:

Minimum Loan Amount:
$250,000

Maximum Loan Amount:
$15,000,000

Recommended Minimum Credit Score:
600

Property Types:
Commercial R.E. & Multi-Family

Loan Programs:
Conventional and SBA

Minimum DSCR:
1.20

Documentation Type:
Full-Doc

Lender Type:
Bank / Direct

Recourse Type:
Full and Non-Recourse Available

Day Care Loans:	Max LTV:	Min. Bwr. Equity:	Min. Bwr. Credit:	Min. DSCR:	Max Loan Amount:	Minimum Loan Amount:
SBA Purchase:	85%	15%	600	1.20x	$15,000,000	$425,000
Conventional Purchase:	70%	15%	600	1.20x	$15,000,000	$250,000
SBA Construction:	80%	20%	600	1.20x	$4,000,000	$425,000
Conventional Construction:	70%	15%	600	1.20x	$4,000,000	$250,000
Conventional Refi:	70%	15%	600	1.20x	$15,000,000	$250,000
Investor Purchase/Refi:	70%	15%	600	1.20x	$15,000,000	$250,000

Day care management or ownership experience is required for operators.

We'll cut out the red tape to get your loan funded quickly and painlessly.

Submit your day care loan online for a quick response!

No Broker package Required! We accept open submissions!

Please feel free to check out our frequently asked questions, give us a call at 1-800-825-0522 or email us at loans@missionoaksfunding.com if you have any questions.

Mission Oaks National Bank is federally chartered bank and a preferred lender for the Small Business Administration (SBA). We are also a member of the Federal Deposit Insurance Corporation (FDIC).

Mission Oaks National Bank has been named a Super Premier Performing Bank four years in a row and the Top SBA Lender in Arizona in 2005.

Get a quote on your Day Care Loan today!

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