Deerbank Capital Group, a small-business funding service in Conway, South Carolina, explains daycare center financing for Horry County child care owners: expansions, equipment, vans, buying a center and payroll ahead of tuition, with county counts from the Census Bureau. Center requests are decided by the funding partner that reads them.
At a glance
- Child day care employers, Horry County, SC
50 (CBP 2023)
- Paid employees
812 (CBP 2023)
- Child care providers without payroll
299 (Nonemployer Statistics 2024)
Child Day Care Employers in Horry County, SC, 2023
| Industry (NAICS) | Employer establishments | Paid employees | Annual payroll | Under 5 employees | ZIP 29526 |
|---|---|---|---|---|---|
| Child day care services (624410) | 50 | 812 | $22.6 million | 16.0% | 10 |
Dividing payroll by paid employees gives about $27,818 per child care employee in 2023, against $42,014 across all Horry County, SC employers (our arithmetic; a simple division that counts part-time and full-time workers alike, not an average wage). Only 16.0% of centers had fewer than five employees. Nonemployer Statistics, a separate Census program, counted 299 child day care providers without paid employees in Horry County, SC in 2024, with $4.8 million in receipts; those owners are not part of the employer counts above.
Daycare Center Commercial Loans: What Horry County, SC Owners Compare
Daycare center commercial loans come in the same shapes as other business funding, and Horry County owners compare them on total cost, payment schedule and collateral: a term loan for an expansion, equipment financing for vans and playgrounds, working capital or a credit line for payroll. Daycare center financing in Conway, SC is read from enrollment, tuition deposits and the center's returns. Deerbank Capital Group matches your request with funding partners, who review it and make their own decision.
Daycare Business Loans: What Partners Review in Conway, SC
- Enrollment by classroom and age group, with the licensed capacity.
- Tuition deposits and any subsidy payments in the bank statements.
- Payroll records, since wages are the center's main cost.
- The lease and any landlord approval for an expansion.
- The center's state license and recent inspection results.
- Tax returns for the center.
Childcare Business Loans: What Partners Review in Conway, SC
Childcare business loans for a home-based provider moving into a center are read largely through the owner: personal credit, the home program's deposits and a plan for the new space. Horry County had 299 child day care providers without paid employees in 2024 (Nonemployer Statistics), a separate count from the 50 employer centers.
Daycare Loans Across Horry County, SC
Daycare loans across Horry County, SC are read the same way in Conway, SC, Myrtle Beach, SC or Loris, SC. 10 child care employers had a ZIP 29526 address in 2023 (ZIP Code Business Patterns), 20.0% of the county's centers (our arithmetic).
Daycare Financing: When It Fits in Conway, SC
Daycare financing fits when the bill matches the product: a new classroom wing is a term loan; cribs, kitchen equipment and a van are equipment financing; payroll in a month when subsidy payments are late is working capital.
Day Care Center Funding for Conway, SC Firms
Child care centers in the county paid $22.6 million in wages in 2023 across 812 paid employees (County Business Patterns). A center adding a classroom adds payroll before the new tuition arrives.
Daycare Center Funding: A Conway, SC Primer
Daycare center funding for a purchase is read from the seller's enrollment history, the license, the lease and the returns. A license may not transfer automatically with a sale, so the buyer and seller need the licensing agency's answer before closing, and a partner will ask for it.
Adding a Classroom: An Expansion Example
Illustration only, invented figures: a center adds a classroom for $85,000 in build-out and furnishings. Financed at a 10% annual rate over 72 months in this invented example, the payment is about $1,575 a month and the payments total about $113,378 (our arithmetic). The new room's tuition, less its added wages, is what has to cover that payment.
Vans, Playground Equipment and Kitchens
Passenger vans are financed as vehicles with the title as security; playground structures, kitchen equipment and classroom furniture as equipment. Partners want quotes with installation listed separately and proof of insurance on the vans.
Subsidy and Tuition Timing Before Payroll Day
Tuition paid weekly and subsidy payments paid on their own schedule can leave payroll due first. A credit line drawn for those weeks and repaid when payments arrive keeps the cost to the days it is used. County-wide figures are on the Conway, SC page, and other health and care trades on the industries page.
Owner Questions About Daycare Requests in Horry County, SC
Owners ask whether a partner needs to see children's records (it does not), whether an expansion needs licensing approval first (ask the licensing agency), and whether a new center with no history can borrow (some partners consider it with owner credit and a down payment). Each of these is settled before the money moves, not after.
By Deerbank Capital Group ยท Updated
