Child Care Center Feasibility Study in the Jacksonville, FL Metro Area

The $705,700 median in Jacksonville

Over FY2017 to FY2026, child care center borrowers in Jacksonville took 78 approvals summing to $74.4 million. The median loan is $705,700, and the middle half land between $273,450 and $1.2 million. Set beside the class nationally, the Jacksonville median comes to 1.56x.

Jacksonville ranks 29 of 493 for child care center

By program, 7(a) has 54 loans and 504 has 24, so 7(a) is the larger. In Jacksonville, 29.5% of the 78 loans belong to a franchise brand. On rank, the area is 29 of 493 nationally for child care center loans, and the class takes fourth place among 39 locally. A location quotient of 1.60x means the class holds a larger share of Jacksonville loans than of loans nationally. The leading counties are Duval County, FL with 38 loans, St. Johns County, FL with 20 and Clay County, FL with 14.

Who holds the 78 Jacksonville loans

By year, FY2017 leads with 12 loans and $10.1 million, while FY2022 is lowest with 6 and $3.0 million. Years resting on few loans are left out of the series, which is different from zero. The one lender on the list is American Momentum Bank, which holds 5 loans and $12.4 million. Read that $12.4 million as an inventory of holdings; it does not describe the bank's lending practice. Cancellations are at least 10.8% of FY2017 to FY2024 approvals, and Loan Analytics does not print the ceiling. Charge-offs stand at 0.00% of 40 loans disbursed through FY2021, a floor, with 0.00% inside five years of approval.

What a child care center study in Jacksonville has to prove

The demand test measures competing centers, family enrollment and the local share of working parents, trade area by trade area. A sound budget lists classroom furnishings, a building fit for licensed use and safety upgrades, then tests each line against comparables. Earnings should be tested under a $273,450 loan and under a $1.2 million loan, with a note on where coverage weakens. Appraisers value enrollment goodwill, classroom fit-out and the licensed building one at a time, so the study ought to do the same. The $74.4 million total measures past lending only; it forecasts nothing and promises no borrower an approval.

What the Jacksonville figures cannot say about child care center

Each loan reaches Jacksonville through its project's county. Duval County, FL and its neighbors are matched to the area by name under the July 2023 delineation. Within these 78 loans, centers cannot be told from family child care homes. The cancellation and charge-off rates name their own cohort years, so their spans differ.