Child Care Services acquisitions in South Carolina: SBA loan data
Since FY2018, SBA lenders have approved 14 7(a) loans to buy an existing business classified as Child Care Services in South Carolina, totaling $17.6M. The median loan was $628,500. That is 2.0% of the 683 acquisition loans in South Carolina.
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How this compares
The median Child Care Services loan in South Carolina is 17% lower than the $755,000 median for all South Carolina acquisitions, and 18% 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 4.5% of seasoned South Carolina acquisition loans of any type.
Child Care Services acquisition loans in South Carolina by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 2 | $3.7M | $1,862,500 | |
| FY2019 | 0 | $0 | - | |
| FY2020 | 3 | $1.2M | $465,000 | |
| FY2021 | 1 | $620K | $620,000 | |
| FY2022 | 1 | $1000K | $999,600 | |
| FY2023 | 1 | $515K | $515,000 | |
| FY2024 | 4 | $5M | $797,000 | |
| FY2025 | 1 | $565K | $565,000 | |
| FY2026 | 1 | $5M | $5,000,000 |
How often do these acquisition loans fail?
Fewer than 20 Child Care Services in South Carolina 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.
Terms signed in the LOI shape the purchase agreement that follows.
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Top lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Live Oak Banking Company | 2 | 14.3% | $7.9M | |
| 2 | United Community Bank | 2 | 14.3% | $490K | |
| 3 | Bank of America, National Association | 1 | 7.1% | $3.5M | |
| 4 | Business Development Corporation of South Carolina | 1 | 7.1% | $1000K | |
| 5 | First Bank | 1 | 7.1% | $957K |
Top franchise brands
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Primrose Schools | 1 | 7.1% | $5M | |
| 2 | The Goddard School | 1 | 7.1% | $3.5M |
Terms signed in the LOI shape the purchase agreement that follows.
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Questions buyers ask
How much do SBA loans for Child Care Services acquisitions in South Carolina run?
The median SBA 7(a) loan was $628,500 across 14 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 South Carolina?
Live Oak Banking Company (2), United Community Bank (2), Bank of America, National Association (1), Business Development Corporation of South Carolina (1), First Bank (1).
How often do Child Care Services acquisition loans fail in South Carolina?
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 South Carolina?
2 of the 14 loans (14%) involved a franchise brand, most often Primrose Schools (1).
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Related
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Small samples move a lot: each loan in this combination is 7% of the count. Industry is the NAICS code the lender recorded. See the methodology.