Minneapolis: child care center

Minneapolis approved child care center loans: 181 in FY2017 to FY2026, worth $168.0 million. Minneapolis ranks 12 of 493 for the class on 181 loans among metro areas; in Minneapolis, the class ranks 6 of 39. Minneapolis's location quotient reads 0.91x on 181 loans: a lighter concentration. In Minneapolis, ranks and the 0.91x quotient, from 181 loans, distinguish the class; Minneapolis size is 1.24x the national median.

$562,000 marks the median of 181 loans, a little above the national figure (1.24x), and $115,000 to $1.4 million bounds Minneapolis's middle half. Of 181 loans in Minneapolis, 119 used 7(a) and 62 used 504. 18.8% is the franchise share of 181 loans; the rest are independents.

Minneapolis's 7(a) table, 15 loans at Old National Bank, $20.6 million; 13 at First Children's Finance, $908,500; 10 at Wells Fargo Bank National Association, $17.5 million; 7 at U.S. Bank, National Association, $3.1 million; 6 at BankVista, $5.2 million. Minneapolis's 504 table, 17 loans at Amplio Economic Development Corporation, $22.6 million; 7 at WBD, Inc., $5.5 million; 6 at Midwest Business Finance Corporation, $3.3 million. Minneapolis: holders under 5 loans go unnamed. Minneapolis county counts, 181 loans: Hennepin County, MN 54; Dakota County, MN 21; Ramsey County, MN 20; Washington County, MN 20; Anoka County, MN 18; Scott County, MN 12; Wright County, MN 9; Carver County, MN 7; St. Croix County, WI 7; Sherburne County, MN 5.

The Minneapolis loans' fate

8.9% at minimum: Minneapolis's cancelled share through FY2024. Minneapolis's ceiling for undisbursed loans: withheld. Minneapolis: 0.00% or more are charged off among 84 FY2017 to FY2021 loans; Minneapolis records 0.00% within five years of approval. Minneapolis floors may rise with open loans. Minneapolis approvals ran from 16 loans and $8.6 million in FY2017 to 18 loans and $26.3 million in FY2026, peaking at 28 in FY2025 and dipping to 11 in FY2020. Minneapolis loans per year: FY2017 16, FY2018 26, FY2019 18, FY2020 11, FY2021 19, FY2022 12, FY2023 13, FY2024 20, FY2025 28, FY2026 18. Yearly dollars: FY2017 $8.6 million, FY2018 $23.3 million, FY2019 $24.0 million, FY2020 $9.2 million, FY2021 $15.4 million, FY2022 $8.2 million, FY2023 $10.8 million, FY2024 $14.9 million, FY2025 $27.4 million, FY2026 $26.3 million.

Minneapolis: the study's tests

Minneapolis: facing slow enrollment, debt service holds with $168.0 million approved. For 181 loans in Minneapolis, classroom costs outside $115,000 to $1.4 million need cases. For 181 approvals in Minneapolis, appraisers weigh special purpose resale. Minneapolis approvals ran from 11 in FY2020 to 28 in FY2025; for Minneapolis, plan for licensing delays. Minneapolis's quotient, 0.91x: count rivals by age group. Across 181 loans, licensed enrollment in Minneapolis carries $562,000.

Minneapolis's 181 loans blend centers with family homes. Minneapolis's 181 loans are placed by project county. Minneapolis follows the July 2023 delineation. Minneapolis drops unplaceable counties from $168.0 million. Treat 181 loans as a guide to Minneapolis, not a census.

SBA child care center loans in the Minneapolis-St. Paul-Bloomington, MN-WI Metro Area

Loans approved, FY2017 to FY2026	181
Gross dollars approved	$168.0 million
Median loan	$562,000
Middle half of loans, from	$115,000
Middle half of loans, to	$1.4 million
SBA 7(a) loans	119
SBA 504 loans	62
Franchise share of loans	18.8%
Rank among metro and micro areas for child care center loans	12 of 493
Rank of child care center among the classes in this area	6 of 39
Location quotient (share of loans against the national share)	0.91x
Median loan against the national median for the class	1.24x

Cancellation and charge-off

Cancelled after approval, FY2017 to FY2024 approvals (a floor)	8.9%
The same, counting loans still undisbursed as cancelled (a ceiling)	withheld
Charged off to date, FY2017 to FY2021 disbursed loans (a floor)	0.00%
Charged off within five years of approval	0.00%
Loans in that cohort	84

Both rates are floors. SBA withholds the status of open loans, so a loan counts as charged off only once SBA reports it; a rate needs at least 30 loans in its cohort and is otherwise not reported.

SBA child care center loans approved in the Minneapolis-St. Paul-Bloomington, MN-WI Metro Area, by fiscal year

Fiscal year	Loans	Dollars
FY2017	16	$8.6 million
FY2018	26	$23.3 million
FY2019	18	$24.0 million
FY2020	11	$9.2 million
FY2021	19	$15.4 million
FY2022	12	$8.2 million
FY2023	13	$10.8 million
FY2024	20	$14.9 million
FY2025	28	$27.4 million
FY2026	18	$26.3 million

Most active SBA lenders

SBA 504: lenders by loans approved (the current holder of each loan, as SBA reports it)
Lender	Loans	Dollars
Amplio Economic Development Corporation	17	$22.6 million
WBD, Inc.	7	$5.5 million
Midwest Business Finance Corporation	6	$3.3 million

SBA 7(a): lenders by loans approved (the current holder of each loan, as SBA reports it)
Lender	Loans	Dollars
Old National Bank	15	$20.6 million
First Children's Finance	13	$908,500
Wells Fargo Bank National Association	10	$17.5 million
U.S. Bank, National Association	7	$3.1 million
BankVista	6	$5.2 million

Lenders with 5 or more loans here; a lender with fewer is not listed, and loans SBA or a receiver holds are counted but never listed as a lender.

Where the loans are, by county

County	Loans
Hennepin County, MN	54
Dakota County, MN	21
Ramsey County, MN	20
Washington County, MN	20
Anoka County, MN	18
Scott County, MN	12
Wright County, MN	9
Carver County, MN	7
St. Croix County, WI	7
Sherburne County, MN	5

Counties with 5 or more loans; smaller ones are not listed.

Metro is the CBSA (metropolitan or micropolitan statistical area) of the loan's project county, July 2023 delineation (OMB Bulletin 23-01). The county is matched by name (manifests/ld2/county-cbsa-map.csv); a loan whose county cannot be placed in a 2023 CBSA is left out of every metro.

Family child care homes cannot be separated from centers.

Shared code: 624410 also holds in-home child care.

A value marked withheld rests on fewer than 5 loans, or is withheld so that such a figure cannot be derived from other published figures.

Source: U.S. Small Business Administration, 7(a) and 504 loan-level FOIA files (data.sba.gov), as of 2026-09-30; areas from the U.S. Census Bureau CBSA delineation, July 2023 (OMB Bulletin 23-01); Loan Analytics metro cell MA-33460-C36.

Related feasibility study pages

Loan Analytics prepares the feasibility study a lender reads before it commits: for a child care center project in the Minneapolis-St. Paul-Bloomington, MN-WI Metro Area, financed under SBA 7(a), SBA 504, USDA Business and Industry or a conventional bank loan. Tell us the project and the lender's deadline, and we reply with scope, timeline and fee.

Daniel Smith, MAI

Child Care Center Feasibility Study in the Minneapolis-St. Paul-Bloomington, MN-WI Metro Area