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Building and Location Expenses. The location of your day care affects the building costs you incur. If you open a center in a commercial building, the monthly lease or loan payment counts for a ...
Day care center; Child care center; Pre-school; Private school ; Montessori school . The 7a loan, in particular, is well suited for these businesses since it allows financing of goodwill and other intangibles, loan amounts up to $5 million and a 25 year amortization as long as commercial real estate is the largest percentage of the total financing.
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This childcare center is being operated by a court appointed receiver and has 150 children currently enrolled! Reason for Sale: The previous owner acquired the center in 2004 and was supposed to be paying over $11k in monthly mortgage payments. It was difficult for the previous owner to pay such a high mortgage.
Daycare owners usually pay their salaries from their profits. They earned average annual salaries of $37,000 as of 2013, according to the job site Simply Hired. To become a daycare owner, you need at least a high school diploma. You will need a license in most states and be required to pass a background check.
An entry-level Child Care / Day Care Worker with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $9.09 based on 184 salaries.
The Payment Calculator can determine the monthly payment amount or loan term for a fixed interest loan. Use the "Fixed Term" tab to calculate the monthly payment of a fixed term loan. Use the "Fixed Payments" tab to calculate the time to pay off a loan with a fixed monthly payment.
The daycare center must pay its staffers at least minimum wage, which Congress raised to $7.25 per hour in 2009. For a staffer working 8 hours a day earning $7.25 per hour, that adds up to $13,920 ...