Purpose: Purchase of existing Child Care Centre, purchase of additional Child Care Centre, converting commercial or residential premises in Child Care Centre or Child Care Centre being built by applicant (Greenfield), Superannuation contributions.
Maximum Loan Amount:
Purpose Built: up to 70%
Greenfield: up to 60%
Converted Residential : up to 80%
Leasehold Premises: up to 50%
Existing/Greenfield: up to 35% of a going concern valuation by a bank instructed Valour.
Max. Loan Tern:
Purpose Built : 10 years
Converted Residential: 15 years
Leasehold: 10 years
Partnership/ Firm: Mortgage over Freehold premises or Mortgage over Leasehold premises, Bill of sale (or equivalent) over business assets.
Company: Mortgage over Freehold premises or Mortgage over Leasehold premises, Fixed & Floating Charge, Directors’ Guarantees.