Child Care Services acquisitions in Mississippi: SBA loan data
Since FY2018, SBA lenders have approved 11 7(a) loans to buy an existing business classified as Child Care Services in Mississippi, totaling $2.6M. The median loan was $139,800. That is 3.1% of the 354 acquisition loans in Mississippi.
The purchase agreement decides what you bought, not the loan approval.
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How this compares
The median Child Care Services loan in Mississippi is 79% lower than the $658,500 median for all Mississippi acquisitions, and 82% lower than the $763,300 median for Child Care Services acquisitions nationwide (850 loans).
This combination has too few seasoned loans for a reliable charge-off rate. Nationally, 0.8% of seasoned Child Care Services acquisition loans were charged off, and 2.6% of seasoned Mississippi acquisition loans of any type.
Child Care Services acquisition loans in Mississippi by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 3 | $205K | $40,200 | |
| FY2019 | 0 | $0 | - | |
| FY2020 | 1 | $219K | $218,900 | |
| FY2021 | 2 | $512K | $255,800 | |
| FY2022 | 0 | $0 | - | |
| FY2023 | 2 | $776K | $387,750 | |
| FY2024 | 0 | $0 | - | |
| FY2025 | 3 | $883K | $315,000 | |
| FY2026 | 0 | $0 | - |
How often do these acquisition loans fail?
Fewer than 20 Child Care Services in Mississippi 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.
The purchase agreement decides what you bought, not the loan approval.
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Top lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Community Bank of Mississippi | 6 | 54.5% | $2.1M | |
| 2 | Trustmark Bank | 3 | 27.3% | $205K | |
| 3 | BankFirst Financial Services | 1 | 9.1% | $219K | |
| 4 | The Citizens National Bank of Meridian | 1 | 9.1% | $49K |
Top franchise brands
No franchise brands recorded in this combination.
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Questions buyers ask
How much do SBA loans for Child Care Services acquisitions in Mississippi run?
The median SBA 7(a) loan was $139,800 across 11 loans (FY2018 to FY2026). 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 Child Care Services acquisitions in Mississippi?
Community Bank of Mississippi (6), Trustmark Bank (3), BankFirst Financial Services (1), The Citizens National Bank of Meridian (1).
How often do Child Care Services acquisition loans fail in Mississippi?
Fewer than 20 loans in this combination are old enough to measure losses reliably, so no rate is shown. The national benchmark for all SBA acquisition loans is 3.5% (FY2018 to FY2021 cohort).
Are franchised businesses part of Child Care Services acquisitions in Mississippi?
None of the 11 loans in this combination were recorded with a franchise brand.
The purchase agreement decides what you bought, not the loan approval.
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Related
- All Mississippi acquisitions
- Child Care Services nationally
- Child Care Services in Florida
- Child Care Services in Texas
- Child Care Services in Georgia
- Child Care Services in California
- Child Care Services in New Jersey
- Child Care Services in Colorado
- Child Care Services in North Carolina
- Child Care Services in Pennsylvania
- Hotels and Motels in Mississippi
- Broilers and Other Meat Type Chicken Production in Mississippi
- Insurance Agencies and Brokerages in Mississippi
- Full-Service Restaurants in Mississippi
- Limited-Service Restaurants in Mississippi
- Pharmacies and Drug Retailers in Mississippi
- Chicken Egg Production in Mississippi
Small samples move a lot: each loan in this combination is 9% of the count. Industry is the NAICS code the lender recorded. See the methodology.