Child Care Industry

Acceptable Loan Purposes:

  • Purchase of existing Child Care Centre.
  • Purchase of additional Child Care Centre.
  • Converting commercial or residential premises into Child Care Center.
  • Child Care Centre being built by applicant (Greenfield).
  • Superannuation contributions.

Qualification Criteria (Exceptions May Apply):

  • Be an approved Long Day Child Care Centre, receiving the Commonwealth Government’s Child Care Benefit (‘CGCCB’).
  • Operate for at least 8 hours per day for a minimum of 48 hours per week.
  • Hold valid accreditation / licence(s) from the relevant State / Territory government/regulatory authority.
  • Hold valid Local Council Development Application and Building Application approval.
  • Hold valid State Department of Community Services licence.
  • Preferably be a member of the applicable State based Child Care Association.
  • Have at least 3 years experience in the Child Care industry or similar industry.
  • Multi-site owner/operator, in addition to the criteria above, should also have demonstrated their ability to operate / manage multiple sites (business management experience / qualifications).