Why daycare centres in Austin qualify
Daycare centres in Austin are classified under Child Day Care Services, an eligible category. Industry is therefore not the question; the four things every file is read on are.
The cash-cycle problem
Tuition collected weekly or monthly in advance, which reads very well on statements.
In Austin that usually means capital goes to classroom build-out, playground equipment, vans, staffing, a second location.
What applies in Austin
Austin runs on technology, a construction boom and a heavy events calendar.
Texas funds normally on every tier.
State licensing and ratio requirements apply.
The published thresholds
Tier 1: 650 FICO, 3 years in business, $300,000 a year or $25,000 a month, 8+ monthly deposits.
Tier 2: 600 FICO, 6 months in business, $60,000 revenue, $800 minimum daily balance.
Renewal: 550 FICO, 2 years in business, once 50% of the original balance is repaid.
There is no hard credit cutoff here. The 650/600/550 tiers are product criteria, not a floor on the business. Scores in the 500s are placed routinely, and files in the 400s are read on revenue, deposit consistency and time in business rather than on the score alone.
Questions
Do you fund daycare centres in Austin?
Yes. The category is eligible; the file is read on revenue, deposits, time in business and existing positions.
What credit score is needed?
There is no hard credit cutoff here. The 650/600/550 tiers are product criteria, not a floor on the business. Scores in the 500s are placed routinely, and files in the 400s are read on revenue, deposit consistency and time in business rather than on the score alone.
How fast can funding arrive?
Same-day decision and next business day funding on a complete file.
What if revenue is seasonal?
Enrolment-cycle driven; summer can dip depending on the model. Underwriting reads the average and the deposit count, not the peak month.