Child Care Services acquisitions in New Jersey: SBA loan data
Since FY2018, SBA lenders have approved 44 7(a) loans to buy an existing business classified as Child Care Services in New Jersey, totaling $46.9M. The median loan was $805,600. That is 3.9% of the 1,130 acquisition loans in New Jersey.
- Loans, FY2018-FY2026
- 44
- Median loan
- $805,600 (middle half $469,500 to $1,437,500)
- Top lender
- Live Oak Banking Company (14%, 6 loans)
- FY2026 loans (latest complete year)
- 5
SBA lenders approved 44 7(a) loans to buy a business classified as Child Care Services in New Jersey from FY2018-FY2026, with a median of $805,600 and a middle half of $469,500 to $1,437,500. Live Oak Banking Company made 14% of them. FY2026 had 5 loans.
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How Child Care Services in New Jersey compares
| Measure | Child Care Services in New Jersey | New Jersey, all industries | Child Care Services, nationwide | All acquisitions |
|---|---|---|---|---|
| Median loan | $805,600 | $719,500 | $763,300 | $645,250 |
| Middle half of loans | $469,500 to $1,437,500 | $340,550 to $1,584,000 | $368,750 to $1,619,500 | $283,000 to $1,465,000 |
| Average initial rate | 7.67% | 8.08% | 7.55% | 7.76% |
| Median term | 10 years | 10 years | 10 years | 10 years |
| Charge-off rate (seasoned loans) | n/a | 2.0% | 0.8% | 3.5% |
| Loans in sample | 44 | 1,130 | 850 | 48,902 |
The median for loans to buy daycares in New Jersey is $805,600, slightly above the $719,500 median for all New Jersey acquisitions, slightly above the $763,300 median for Child Care Services acquisitions nationwide and above the $645,250 median for all SBA-financed acquisitions nationally.
The middle half runs $469,500 to $1,437,500, against $283,000 to $1,465,000 nationally; the median term is 10 years, the same as the national median; the average initial rate is 7.67%, in line with the 7.76% national average.
Too few of these loans are old enough to measure a charge-off rate; the national rate for seasoned acquisition loans is 3.5%.
Loan size distribution
| Loan size | Child Care Services in New Jersey | All acquisitions |
|---|---|---|
| Under $350K | 20% | 30% |
| $350K to under $1M | 36% | 33% |
| $1M to under $2M | 27% | 19% |
| $2M and over | 16% | 17% |
Most loans to buy daycares in New Jersey (57%) were under $1M, and the largest single band is $350K to under $1M at 36%, against 33% of all acquisition loans.
Bands are fixed dollar ranges chosen for comparison. They are not SBA program limits.
Lender concentration
Live Oak Banking Company made 14% of loans to buy daycares in New Jersey, and the top three lenders together made 39%. 5 of the 24 lenders involved made three or more. Repeat experience is spread across many banks. That is a rough guide to how many banks have seen this kind of deal before.
Recent activity
In FY2025 and FY2026 combined, 6 loans to buy daycares in New Jersey were approved. That is 63% fewer than the 16 approved in FY2023 and FY2024. The median was $800,600, in line with the $805,600 median across all years.
Child Care Services acquisition loans in New Jersey by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 3 | $935K | $365,000 | |
| FY2019 | 6 | $6.9M | $372,500 | |
| FY2020 | 0 | $0 | - | |
| FY2021 | 8 | $7.6M | $771,750 | |
| FY2022 | 5 | $5.2M | $1,235,000 | |
| FY2023 | 6 | $7.2M | $1,130,000 | |
| FY2024 | 10 | $13.8M | $1,242,500 | |
| FY2025 | 1 | $1.6M | $1,612,000 | |
| FY2026 | 5 | $3.7M | $700,000 |
How often do these acquisition loans fail?
Fewer than 20 Child Care Services in New Jersey 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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Top lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Live Oak Banking Company | 6 | 13.6% | $10.8M | |
| 2 | Wilmington Savings Fund Society FSB | 6 | 13.6% | $4.2M | |
| 3 | TD Bank, National Association | 5 | 11.4% | $8.3M | |
| 4 | Beacon Bank and Trust | 5 | 11.4% | $6.6M | |
| 5 | Provident Bank | 3 | 6.8% | $3.6M |
Top franchise brands
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | The Goddard School | 7 | 15.9% | $14.5M | |
| 2 | The Learning Experience | 2 | 4.5% | $860K | |
| 3 | Kiddie Academy | 1 | 2.3% | $1.4M | |
| 4 | Primrose Schools | 1 | 2.3% | $580K |
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Questions buyers ask
How much do SBA loans for Child Care Services acquisitions in New Jersey run?
The median SBA 7(a) loan was $805,600 across 44 loans (FY2018 to FY2026), with the middle half between $469,500 and $1,437,500. 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 New Jersey?
Live Oak Banking Company (6), Wilmington Savings Fund Society FSB (6), TD Bank, National Association (5), Beacon Bank and Trust (5), Provident Bank (3). Some lenders repeatedly finance this industry in this state; the counts above show which.
How often do Child Care Services acquisition loans fail in New Jersey?
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 New Jersey?
11 of the 44 loans (25%) involved a franchise brand, most often The Goddard School (7).
How much do you need down for an SBA loan to buy a daycare in New Jersey?
The SBA requires the buyer to make an equity injection, commonly 10% of total project cost, and a lender may ask for more. The SBA file does not record injections, so the figures here are the financed portion: the median for loans to buy daycares in New Jersey was $805,600, and the middle half ran $469,500 to $1,437,500.
How long does an SBA acquisition loan take?
For a change-of-ownership 7(a) loan, 45 to 90 days from application to close is typical. It varies by lender and by how quickly third-party reports, such as the business valuation and appraisal, come back. The SBA file records approval dates, not application dates, so this site cannot measure it. Lenders approved 6 loans to buy daycares in New Jersey in FY2025 and FY2026.
Which banks make SBA loans for a daycare in New Jersey?
By loan count, FY2018 to FY2026: Live Oak Banking Company (6), Wilmington Savings Fund Society FSB (6), TD Bank, National Association (5), Beacon Bank and Trust (5), Provident Bank (3). Live Oak Banking Company made 14% of loans to buy daycares in New Jersey. Counts show past approvals only and do not predict whether a lender will approve a particular deal.
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Related
- All New Jersey acquisitions
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Small samples move a lot: each loan in this combination is 2% of the count. Industry is the NAICS code the lender recorded. See the methodology.
Cite this data
SBA Acquisition Data, "Child Care Services in New Jersey: SBA acquisition loan data", https://sbaacquisitiondata.com/state/nj/child-care-services-624410 (data as of September 30, 2026). Source: U.S. Small Business Administration 7(a) loan file, data.sba.gov. Aggregated by SBA Acquisition Data.
The figures on this page are also published as JSON at https://sbaacquisitiondata.com/data/state/nj/child-care-services-624410.json.