Child Care Services acquisitions in Virginia: SBA loan data
Since FY2018, SBA lenders have approved 16 7(a) loans to buy an existing business classified as Child Care Services in Virginia, totaling $22.4M. The median loan was $1,173,500. That is 1.9% of the 849 acquisition loans in Virginia.
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How this compares
The median Child Care Services loan in Virginia is 63% higher than the $719,000 median for all Virginia acquisitions, and 54% 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 3.6% of seasoned Virginia acquisition loans of any type.
Child Care Services acquisition loans in Virginia by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 3 | $4.4M | $1,245,000 | |
| FY2019 | 3 | $1.7M | $193,000 | |
| FY2020 | 2 | $3M | $1,511,500 | |
| FY2021 | 1 | $1.1M | $1,102,000 | |
| FY2022 | 0 | $0 | - | |
| FY2023 | 1 | $3.1M | $3,129,000 | |
| FY2024 | 1 | $1.7M | $1,730,000 | |
| FY2025 | 3 | $4.9M | $935,000 | |
| FY2026 | 2 | $2.4M | $1,223,450 |
How often do these acquisition loans fail?
Fewer than 20 Child Care Services in Virginia 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 | Live Oak Banking Company | 3 | 18.8% | $7M | |
| 2 | Wells Fargo Bank National Association | 2 | 12.5% | $3.1M | |
| 3 | Customers Bank | 2 | 12.5% | $3M | |
| 4 | First-Citizens Bank & Trust Company | 1 | 6.3% | $3.1M | |
| 5 | Beacon Bank and Trust | 1 | 6.3% | $1.4M |
Top franchise brands
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | The Goddard School | 5 | 31.3% | $9.3M | |
| 2 | Kiddie Academy | 3 | 18.8% | $4.2M |
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Questions buyers ask
How much do SBA loans for Child Care Services acquisitions in Virginia run?
The median SBA 7(a) loan was $1,173,500 across 16 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 Virginia?
Live Oak Banking Company (3), Wells Fargo Bank National Association (2), Customers Bank (2), First-Citizens Bank & Trust Company (1), Beacon Bank and Trust (1).
How often do Child Care Services acquisition loans fail in Virginia?
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 Virginia?
8 of the 16 loans (50%) involved a franchise brand, most often The Goddard School (5).
Seller note standby terms and third-party consents are reviewed before closing.
Submit Transaction DetailsAlex Lubyansky leads every engagement.
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Related
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Small samples move a lot: each loan in this combination is 6% of the count. Industry is the NAICS code the lender recorded. See the methodology.