Bridgeton, NJ Daycare Center Financing for Kitchen Equipment and a Second Center

Child care centers are less often tiny than the county's businesses overall. In County Business Patterns for 2023, Cumberland County, NJ had 44 child day care services establishments (NAICS 624410), and 17 of them, 38.6%, had fewer than five employees, against 47.6% of all 2,826 employer establishments in the county. Annual payroll in the code reached $21.3 million.

A camera system covers classrooms, hallways and doors, and parents can ask about it on a tour. Invented figures: a $14,000 system with installation, set on a 36-month term at 11%, costs the center $458.34 a month and $16,500.24 in all. Equipment financing fits because the cameras and recorder are listed items with a clear price.

ZIP Code Business Patterns, a separate count, lists 9 child day care services establishments with ZIP 08302 addresses in 2023.

Some purchases are small one by one and large together. Forty cots are a few thousand dollars; a set of indoor learning equipment can cost many times that.

Invented example: 40 stackable nap cots at $85 each ($3,400) plus a $26,000 set of indoor learning equipment come to $29,400. Put on one 60-month term at 10.5%, the center pays $631.92 monthly; $8,515.20 of the $37,915.20 it pays over five years is interest.

The learning equipment set is movable in this example; anchored installations and work on the building itself belong to the property and sit outside what this site arranges.

A second center can use freestanding room dividers, movable sinks, removable flooring and classroom furniture; fixed interior walls, plumbing, lighting and floor work are excluded.

Invented figures: a $120,000 movable-classroom furniture and indoor-equipment package plus $18,000 of tables, chairs, cubbies and shelving make a $138,000 project. On an 84-month term loan at 10.25%, each payment is $2,308.83; the 84 payments total $193,941.72.

A partner looking at a second site can ask for the lease, the contractor's estimate, the furniture quotes and the first center's deposits, since the first center carries the payment until the new one fills its rooms.

Payroll is a large monthly cost for a child care center, and it is due on fixed dates. Tuition can arrive on other dates, and part of it can come in late.

Invented example: a center with $64,000 of monthly payroll finds that $20,000 of each month's tuition arrives about three weeks after payday. A line of credit sized near $20,000 covers that gap. Drawing the full $20,000 for 21 days at a 13% annual rate costs roughly $149.59 in interest in this simplified example.

Working capital fits a one-time jump instead, such as payroll for new teachers hired before a new classroom opens.

Yes, a child care center can seek business funding the same way other businesses do. A funding partner can ask about the center's deposits, its costs and its time in business, and it decides on the amount and terms.

Kitchen equipment shows how a request works. Invented example: a $22,500 package of a commercial range, a dishwasher and a reach-in refrigerator over 48 months at 10.75% means $578.80 a month. Spread across 60 enrolled children, that is about $9.65 per child each month in this example.

• The kitchen equipment quote with models and installation
• Recent statements from the center's operating account
• Current enrollment and the tuition schedule
• The lease for the center
• Other loans or leases the center pays

Government programs that help with child care costs are run by public agencies, which set their own rules and timelines. Southshire and its funding partners do not run those programs, and this page does not describe them; the agency that runs a program is the place to ask about it.

A private funding request is a different track. It can sit alongside any public support a center receives, and it covers business costs such as identifiable equipment or payroll timing.

The 2024 Nonemployer Statistics count 236 child care services businesses (NAICS 62441) with no paid employees in Cumberland County, NJ; that program is reported separately from the employer counts here.

For classroom furniture, indoor equipment and a second center, read how a child care center funds an expansion.