Quimby’s get a permanent location for the child development center
Bubbles and Blocks Child Development Center has two Lincoln locations that are equally owned by two couples Katie and Cory Quimby and Cory’s parents, Kimberly and Chris Quimby. Katie is the Director of Bubbles & Blocks Child Development Center and handles the day to day operations with the assistance of her husband, Cory. The center provides child care for children ages 6 weeks to 12 years of age, before/after school care and pick up.
Partnering with NEDCO, they will be purchasing the building of their second location, on N. 86th street, that the business is currently renting as well as the vacant lot next to the building. Buying the building will ensure that the building stays under the control of daycare center rather than a new tenant being able to take it over. The vacant lot will be turned into an outdoor play space for the kids. Not only is this a selling point for the parents but a huge benefit for the kids to get some fresh air and outdoor play time.
This fixed interest rates allows the Quimby’s to plan for future payments with no surprises from the SBA 504 loan program. This small business loan only requires a 10 percent down payment, which made this deal the best option for what they needed for their business.