Child Care Center Feasibility Study in the North Port-Bradenton-Sarasota, FL Metro Area

North Port-Bradenton-Sarasota: child care center lending

For North Port-Bradenton-Sarasota, across FY2017 to FY2026, SBA recorded 29 child care center loans, totalling $31.4 million in gross approvals. Inside North Port-Bradenton-Sarasota, child care center lending lands 6 of 39 among the asset classes. By contrast, North Port-Bradenton-Sarasota stands at 62 of 493 across every metro and micro area for child care center loans. North Port-Bradenton-Sarasota's location quotient is 0.91x: less weight than nationally. North Port-Bradenton-Sarasota's median loan size comes to $589,000. The central half of North Port-Bradenton-Sarasota loans extends from $379,000 to $1.2 million, and the median comes to 1.30x of the nationwide class median. North Port-Bradenton-Sarasota ranks child care sixth (6 of 39) locally and 62 of 493 nationally, with a location quotient of 0.91x that sits near the national share. Loans are larger than the nationwide class median, at $589,000 and 1.30x. FY2019 shows 6 loans worth $7.6 million, a large dollar total, and FY2020 shows 0 loans and $0.

Of North Port-Bradenton-Sarasota's 29 loans, 21 are SBA 7(a), 8 SBA 504. Franchise-affiliated units represent 27.6% of the North Port-Bradenton-Sarasota loans. In North Port-Bradenton-Sarasota, no holder hits five loans. North Port-Bradenton-Sarasota therefore lists no lender. By county: Manatee County, FL has 21 loans; Sarasota County, FL has 8 loans.

North Port-Bradenton-Sarasota: years, floors and limits

For North Port-Bradenton-Sarasota, only some years can be shown: FY2019 has 6 loans worth $7.6 million. In FY2020, North Port-Bradenton-Sarasota has 0 loans and $0. Withheld for North Port-Bradenton-Sarasota: FY2017, FY2018 and FY2021 to FY2026. North Port-Bradenton-Sarasota's withheld years differ from none. North Port-Bradenton-Sarasota's cancellation rate: not published, under 30 loans. North Port-Bradenton-Sarasota's charge-off rate: withheld, below 30 loans. North Port-Bradenton-Sarasota's floor is Loan Analytics' own. North Port-Bradenton-Sarasota has a thin FY2017 to FY2021 cohort. The 2023 July list defines North Port-Bradenton-Sarasota. Each loan reaches North Port-Bradenton-Sarasota by way of its county. North Port-Bradenton-Sarasota drops unmatched loans. In North Port-Bradenton-Sarasota, in-home child care shares a single code with North Port-Bradenton-Sarasota centers. North Port-Bradenton-Sarasota family child care homes cannot be separated out.

North Port-Bradenton-Sarasota: what to test

A North Port-Bradenton-Sarasota child care study should state licensed capacity, the enrolment curve from opening, the teacher ratios the licence requires, and the tuition the surrounding families can bear. With a middle half from $379,000 to $1.2 million, the study should place the project within that range and price land, building and equipment. Manatee County holds 21 of the loans and Sarasota County 8, so the study should name the county. The appraisal will lean on the income those enrolments produce.