To qualify for a childcare financing loan with Ligo Finance, operators typically need to demonstrate a stable business history, sufficient cash flow, and a clear business plan. We assess each application on a case-by-case basis, ensuring that we understand your unique circumstances and financial needs.
Specialised childcare financing offers tailored solutions that address the specific needs of the childcare industry. This includes competitive interest rates, flexible repayment terms, and expert guidance to help you manage cash flow and expand your operations efficiently.
Starting your application for a childcare loan with Ligo Finance is simple. First, contact our team to discuss your requirements and collect the necessary documents. Then, complete our application form online or in person. Our experts will guide you through each step, ensuring a smooth process.
Ligo Finance provides comprehensive support services, including strategic financial advice, market insights, and ongoing loan management support. Our dedicated team works closely with you to ensure your financial solutions evolve with your business needs, helping you achieve long-term success.
Generally speaking, banks will lend between 50% and 70% of the value for a leasehold centre, and between 60% and 70% of the value for a freehold centre. Ligo Finance is familiar with the specific lending requirements for starting a childcare business and can give you more detailed advice.
Generally, different banks have different policies, but the average requirement is between three years to five years of experience in running a childcare centre.
Banks will approach lending for these two scenarios differently and require different levels of experience. Chat with us about what your goals are, and we can guide you on the best path for funding.
Yes, you can release available equity from existing centres to assist with funding for your next centre.
The best way is to be prepared and do your research. Look into licensing requirements, prepare a business plan for your centre, find a location you’d like to establish your centre, and learn about the demographics in that area. Then get in touch with a broker to help you find the right lender for your unique situation. We also have a range of contacts including advisers and agents within the childcare industry who we can connect you with.
Ligo Finance offers lending solutions for childcare operators looking to purchase an existing centre, build their own or expand and grow. We’ve been supporting childcare operators across Australia for over ten years and are confident we can help you find the best lending solution for your unique circumstances. Get in touch to have a chat.
At Ligo Finance, we offer a comprehensive range of loan products, including home loans, commercial loans, asset finance, refinance options, SMSF loans, and cashflow finance. We work with major and boutique banks and financiers, ensuring that you have one point of contact to manage your funding requests seamlessly.
We also have a range of partners across real estate, buyers agents, insurance, accounting and wealth management to ensure that you have a holistic finance solution available to you.
We work closely with you, managing the funding application process from start to finish. We maintain open communication, address any issues proactively, and keep you informed throughout the entire process.
Absolutely. Our expertise lies in structuring complex deals and providing tailored solutions. We have the knowledge and experience to overcome obstacles and find innovative financing options.
We're here for the long run. We’re invested in you, not just the transaction. Our close relationships with our clients often extend to supporting their partners, children, relatives, and friends. We love to be a part of your journey and see you succeed.
Applying for a loan with Ligo Finance is simple. You can start by filling out the contact form below on our website or by giving us a call. You will need to provide information about your employment and financial situation. Our team will review your submission promptly, and you can expect a response with a loan offer shortly. Having all required documentation ready will help expedite the process.
The comparison rate for loans at Ligo Finance depends on the type of loan and your personal credit profile. This rate encompasses the interest rate along with any applicable fees and charges, offering you a comprehensive view of the loan's total cost. It's crucial to consider the comparison rate when evaluating your loan options and comparing them with other financial institutions.
There are no establishment fees associated with processing your loan application.
Your credit history plays a significant role in the loan approval process at Ligo Finance. A strong credit record can improve your chances of securing favourable loan terms, while challenges in your credit history may impact the approval outcome. We encourage transparency and are committed to assisting you in exploring your options.
Lender requirements and policies are constantly changing. And your needs are unique to you and your situation. The team at Ligo Finance is committed to working with you to understand your needs, and structure deals that are tailored for you. Dealing with us means that we’re across all the different requirements of our lenders and can deal with them all and present you with the best deal. We do all the work for you so you don’t have to waste time on hold or have to deal with multiple relationship managers.