Running a nursery requires significant investment, whether it’s securing premises, updating facilities, or expanding to meet growing demand. Applying for finance can be a smooth process if you prepare the right documents in advance. To support nursery owners and managers, we’ve outlined a checklist that helps ensure your application is thorough and professional.
1. Personal Information & Identification
- Proof of identity (passport or driver’s license)
- Proof of address (recent utility bill, bank statement, or council tax letter)
2. Financial History
- Personal and business bank statements (usually last 3–6 months)
- Details of any outstanding loans, leases, or other financial commitments
3. Employment & Income Proof
- Payslips or salary evidence (if drawing a wage from the nursery)
- Self-employment accounts or dividend records (if a director/owner)
- Recent tax returns (SA302s)
- Nursery revenue records or contracts (e.g., local authority funding arrangements)
4. Business Finance (specific to nurseries)
- Business registration and Ofsted certification documents
- Historical accounts (last 2–3 years where possible)
- Cash flow forecasts and projections, particularly showing sustainability with changing occupancy rates
- Details of property leases or mortgages for the nursery building
- Outstanding loan schedules or lease agreements for vehicles/equipment
5. Supporting Documents
- Business plan outlining the purpose of the finance (e.g., refurbishments, new staffing, expansion)
- Evidence of demand, such as waiting lists or local childcare need assessments
- Collateral details, if applicable
- Professional CV and references highlighting your background in childcare and education
When it comes to securing finance for a nursery, preparation is key. By presenting a well-organised application, you’ll build lender confidence and streamline the process, giving you more time to focus on providing quality childcare.
