Child Care Center Feasibility Study in the Boise City, ID Metro Area

Boise's child care record in numbers

SBA's files show 58 child care center loans in the Boise City metro area from FY2017 to FY2026, with $33.5 million approved. Boise's median of $292,350 is only 0.65x the national benchmark; the quartile edges are $146,625 below and $659,250 above. Child care is 5 of 39 classes locally, and the location quotient of 1.25x says it carries a bigger share of Boise lending than it does nationally. Boise sits at 42 of 493 in the ranking of all metro and micro areas for the class.

Mostly 7(a), with a real 504 minority

Program counts of 47 for 7(a) and 11 for 504 put working capital, leasehold work and equipment in front, with a minority of Boise operators financing buildings. Franchise share is withheld, so no brand statement is made. One wrinkle in the coding: home-based providers share the center code, so Treasure Valley family care can sit inside the center count and may explain some of the smaller loans.

Ada and Canyon counties, and three holders

Ada County, ID accounts for 46 loans and Canyon County, ID for 12, so the record is a Treasure Valley story with Meridian-to-Nampa spillover. Idaho Central CU is the current 7(a) holder of 7 loans worth $5.7 million, First Interstate Bank holds 6 worth $3.1 million, and Mountain America FCU holds 5 worth $678,700. Those figures are SBA's holder tallies and are silent on how any of the three decides credit. Only two years print: FY2019 with 7 loans and $4.6 million, and FY2023 with 5 loans and $2.7 million. Every other year from FY2017 to FY2026 is withheld, which means the pattern over time simply cannot be read from this cell.

Missing outcome rates

Boise child care offers no cancellation rate and no charge-off rate. The cohorts behind them are small, so the values are held back, and held back does not mean none. Loans enter the Boise count through project county, Ada or Canyon among them, tied by name to the July 2023 area.

What Boise child care needs from its study

A study should compare licensed capacity with the count of young children in the growth corridors of Ada and Canyon counties, then test staffing ratios and how wages compete with other Boise employers. Building or renovating to licensing standards is the main cost, and the 504 minority shows some deals turn on property. Test debt service on a slow enrollment ramp, then ask the appraiser whether the value rests in the licensed business or in the real estate.