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The Meadow's School Purchases a New Building and Completes Modern Renovation Project

“Our family-owned nursery school was faced with a challenging dilemma as our long-term lease was expiring could not be renewed. We were able to locate a nearby building which was perfectly situated but required extensive renovations. Debbie Godt from 44 Business Capital was able to structure a loan to buy the property, complete the improvements and purchase new equipment. She skillfully brought all the parties together overcoming many challenges including the COVID-19 restrictions to close the loan. We are now in the process of moving into the facility and our enrollment is increasing.”

Madeline Neu, Owner
The Meadow's School | Clifton, New Jersey

CHALLENGE

The borrower's lease was expiring, and they were unable to find a property that met all their needs. The property they did ultimately identify, which was very visible on a main highway and had potential for expansion, was significantly more than they wanted to spend and required extensive renovations. Midway thru the closing process COVID restrictions were enforced, further complicating their dream. The borrower qualified for an SBA 7(a) loan which lowered their injection requirement and financed all the improvements. The construction is now complete, all permits obtained, and the school has opened at the new location.