Daycare center financing for a Punta Gorda, FL child care provider facing a van repair bill
A child care provider whose passenger van needs brakes, tires and a transmission repair has a bill that comes due whatever the month's tuition looks like. Illustration only, invented figures: a $3,740 repair bill drawn on a line of credit at a 13.05% annual rate and paid off after 41 days costs about $54.82 in simple interest, before any draw fee. A short working capital loan suits a payoff date that is less certain.
County Business Patterns counted 20 child day care services establishments in Charlotte County, FL for 2023, 6 of them with fewer than five employees, and an annual payroll of $6.5 million across all 20.









