Child Care Services acquisitions in Ohio: SBA loan data
Since FY2018, SBA lenders have approved 29 7(a) loans to buy an existing business classified as Child Care Services in Ohio, totaling $26.3M. The median loan was $856,000. That is 1.6% of the 1,821 acquisition loans in Ohio.
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 Ohio is 56% higher than the $549,000 median for all Ohio acquisitions, and 12% higher 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 1.9% of seasoned Ohio acquisition loans of any type.
Child Care Services acquisition loans in Ohio by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 3 | $2.1M | $575,000 | |
| FY2019 | 1 | $1.3M | $1,290,000 | |
| FY2020 | 0 | $0 | - | |
| FY2021 | 5 | $2.8M | $470,100 | |
| FY2022 | 3 | $1.7M | $325,000 | |
| FY2023 | 1 | $450K | $450,000 | |
| FY2024 | 6 | $8M | $854,000 | |
| FY2025 | 4 | $2.4M | $577,500 | |
| FY2026 | 6 | $7.6M | $1,441,000 |
How often do these acquisition loans fail?
Fewer than 20 Child Care Services in Ohio 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.
Seller note standby terms and third-party consents are reviewed before closing.
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Top lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 11 | 37.9% | $8.3M | |
| 2 | Bank of America, National Association | 2 | 6.9% | $3.3M | |
| 3 | Live Oak Banking Company | 2 | 6.9% | $2.3M | |
| 4 | Fifth Third Bank | 2 | 6.9% | $1.9M | |
| 5 | First Financial Bank | 2 | 6.9% | $271K |
Top franchise brands
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | The Goddard School | 4 | 13.8% | $5M | |
| 2 | Primrose Schools | 1 | 3.4% | $1.4M |
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Questions buyers ask
How much do SBA loans for Child Care Services acquisitions in Ohio run?
The median SBA 7(a) loan was $856,000 across 29 loans (FY2018 to FY2026), with the middle half between $320,000 and $1,285,500. 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 Ohio?
The Huntington National Bank (11), Bank of America, National Association (2), Live Oak Banking Company (2), Fifth Third Bank (2), First Financial Bank (2). Some lenders repeatedly finance this industry in this state; the counts above show which.
How often do Child Care Services acquisition loans fail in Ohio?
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 Ohio?
5 of the 29 loans (17%) involved a franchise brand, most often The Goddard School (4).
The purchase agreement decides what you bought, not the loan approval.
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Small samples move a lot: each loan in this combination is 3% of the count. Industry is the NAICS code the lender recorded. See the methodology.