Buying a Children's Lighthouse Early Learning Schools franchise: SBA acquisition loan data
Since FY2018, SBA lenders have approved 9 7(a) loans to buy an existing Children's Lighthouse Early Learning Schools (classified mostly as Child Care Services), totaling $33.6M. The median loan was $4,833,700, 649% higher than the $645,250 median for all SBA-financed acquisitions. 3 of these loans were approved in the last two fiscal years.
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What this tells a buyer
- Price range to expect. Loan size tracks purchase price. Half of Children's Lighthouse Early Learning Schools resale loans landed between $3,020,000 and $5,000,000.
- Lender experience exists. Plains State Bank alone has financed 5 Children's Lighthouse Early Learning Schools resales.
- Guaranty. The SBA guaranteed 75% of the dollars lent here.
- What the file leaves out. The SBA file does not record franchisor transfer terms or fees.
Financing a Children's Lighthouse Early Learning Schools resale
The median SBA 7(a) loan for a Children's Lighthouse Early Learning Schools resale was $4,833,700 across 9 loans (FY2018 to FY2026). Plains State Bank, Live Oak Banking Company and PNC Bank, National Association have financed the most Children's Lighthouse Early Learning Schools resales. Too few of these loans are old enough to measure a charge-off rate; the average for all SBA acquisition loans is 3.5%.
Children's Lighthouse Early Learning Schools acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 1 | $4.8M | $4,833,700 | |
| FY2019 | 1 | $3.9M | $3,897,000 | |
| FY2020 | 0 | $0 | - | |
| FY2021 | 0 | $0 | - | |
| FY2022 | 2 | $8M | $4,010,000 | |
| FY2023 | 0 | $0 | - | |
| FY2024 | 2 | $1.9M | $945,050 | |
| FY2025 | 0 | $0 | - | |
| FY2026 | 3 | $15M | $5,000,000 |
How often do these acquisition loans fail?
Fewer than 20 Children's Lighthouse Early Learning Schools acquisition loans are old enough to measure losses reliably, so no charge-off rate is shown. The benchmark across all SBA acquisition loans in the FY2018 to FY2021 cohort is 3.5% by count. Non-acquisition 7(a) loans (every other stated purpose) approved FY2018 to FY2021 charged off at 6.2%.
"Charged off" is the SBA's final loss action on a defaulted loan after collection efforts. It lags default by a year or more, which is why only older cohorts are measured. It is not the same as a delinquency rate, and loans still outstanding can still fail. See charge-off in the glossary.
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Lenders financing Children's Lighthouse Early Learning Schools resales
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Plains State Bank | 5 | 55.6% | $21.9M | |
| 2 | Live Oak Banking Company | 1 | 11.1% | $5M | |
| 3 | PNC Bank, National Association | 1 | 11.1% | $4.8M | |
| 4 | The Bancorp Bank National Association | 1 | 11.1% | $1.5M | |
| 5 | T Bank, National Association | 1 | 11.1% | $365K |
States where Children's Lighthouse Early Learning Schools units are bought
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Texas | 9 | 100.0% | $33.6M |
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Questions buyers ask
How much do buyers borrow to buy a Children's Lighthouse Early Learning Schools franchise?
The median SBA 7(a) loan for a Children's Lighthouse Early Learning Schools resale was $4,833,700 across 9 loans (FY2018 to FY2026). The middle half of loans ran from $3,020,000 to $5,000,000. The loan excludes the buyer's equity and any seller note and may include working capital, so the price is usually higher than the loan.
Which banks finance Children's Lighthouse Early Learning Schools acquisitions?
Plains State Bank has made the most SBA acquisition loans for Children's Lighthouse Early Learning Schools (5, 56% of the total). Live Oak Banking Company, PNC Bank, National Association, The Bancorp Bank National Association follow.
What interest rate and term do Children's Lighthouse Early Learning Schools acquisition loans carry?
The average initial rate at approval was 6.52% (a blend of fixed and variable loans across several rate environments, so treat it as context, not a quote). The median term was 25 years.
Is a Children's Lighthouse Early Learning Schools resale riskier than other SBA-financed acquisitions?
Too few Children's Lighthouse Early Learning Schools acquisition loans are old enough to measure. The benchmark for all SBA acquisition loans is 3.5% charged off in the FY2018 to FY2021 cohort.
Where are Children's Lighthouse Early Learning Schools units being bought with SBA loans?
Texas (9). State counts follow where the brand has units and where SBA lending is most active generally; see the state pages for the overall picture.
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Related
- All Child Care Services acquisitions
- Texas acquisitions
- Plains State Bank
- Live Oak Banking Company
- PNC Bank, National Association
- All franchise brands
Brand name as recorded by lenders in the SBA file: "Children's Lighthouse Early Learning Schools" (franchise code S0373). Figures are aggregates of public SBA data and are not provided or endorsed by the franchisor.