Harborpark Funding Group passes funding requests from Binghamton, New York child care centers to funding partners. This page covers Broome County child day care counts, buildings, payroll, equipment, program funding and second sites.
At a glance
- Child day care services, Broome County, NY
39 child day care employers, Broome County, NY (CBP 2023)
- Child day care employees, Broome County, NY
485 paid employees at Broome County, NY child day care employers (CBP 2023)
- Child care businesses without paid staff, Broome County, NY
222 child day care businesses without paid employees, Broome County, NY (NES 2024)
Daycare Center Commercial Loans for Buying the Building a Center Leases
A center that leases its building may want to buy it, to stop rent increases or to control renovations. Buying the building is a commercial real estate purchase, and real estate loans are not arranged through this site; banks, credit unions and SBA lenders handle them. What a daycare center commercial loan here can cover is the rest: classroom renovations, playground work, kitchen upgrades and equipment.
Child day care services numbered 39 employers in Broome County, NY in 2023, with 485 paid employees and about $14.2 million in annual payroll (CBP). Eighteen of the 39 centers had under five people on payroll.
Daycare Business Loans for Payroll Before Enrollment Fills
A new classroom needs teachers before it is full, and tuition from new families arrives as enrollment builds. Daycare business loans for that payroll gap are usually a line of credit, drawn as payroll comes due and paid down as tuition and subsidy payments arrive.
Illustration only, invented figures: two new teachers at an invented $39,000 a year each add $78,000 a year to payroll, about $6,500 a month (our arithmetic). If the room takes four months to fill, the gap in that period is part of the request.
Daycare Equipment Financing Companies for Furniture and Play Gear
Cribs, cots, tables and chairs sized for children, shelving, play equipment and outdoor structures make up a center's equipment list. Daycare equipment financing companies include school furniture vendors with their own programs, equipment lessors and banks. A playground with safety surfacing is often financed as part of a renovation rather than as stand-alone equipment.
A van for field trips or transport can be financed as equipment. Ask whether the lender needs the vehicle titled to the business.
Do Daycare Centers Get Funding From Lenders, or Only From Programs?
Daycare centers get funding from both sources. Public programs can include child care subsidy payments for eligible families and grants for expansion, each with its own rules and timelines. Lenders finance the costs programs do not cover, and they read subsidy payment history as part of the center's income.
Subsidy payments can arrive on a different schedule from private tuition, which creates a timing gap that a line of credit can carry.
Daycare Center Funding for a Second Binghamton, NY Site
A second Binghamton, NY site doubles the lease, the licensing work and the staff while enrollment builds. Daycare center funding for a second site usually combines a term loan for the build-out and equipment with a line of credit for the first months of payroll.
Lenders read the first center's enrollment, waitlist and financial statements, the new lease and the licensing timeline. A waitlist at the first site is useful evidence of demand. Six child day care employers had a ZIP 13901 address in 2023 (ZIP Business Patterns).
Enrollment Reports and the Child Care Funding File
A child care center's file starts with enrollment: children enrolled by room, the waitlist, tuition rates and the share of tuition paid by subsidy. Lenders also read the license and its capacity, the lease, tax returns and bank statements.
Nonemployer Statistics counted 222 child day care businesses without paid employees in Broome County, NY for 2024, a separate program from the employer count, and a group that can include home-based providers.
Staffing Ratios, Tuition Timing and a Child Care Budget
Payroll is the largest cost in most child care budgets, and it is set by the number of children in each room and the staff needed to care for them, not by how busy a given week is. That makes the cost steady even when enrollment shifts. A center planning a new room should budget the full staff for that room from the first day it opens.
Tuition arrives on its own calendar: weekly or monthly from private-pay families, and on the program's schedule for subsidy payments. Setting those dates against payroll dates for a typical month shows where the gaps fall and how large they are. That calendar is one of the most useful pages a center can bring to a lender, because it shows the gap a line of credit would need to cover.
The document checklist article lists the records a center can gather before sending a request.
By Harborpark Funding Group · Updated