Child Care Center Feasibility Study in the Oklahoma City, OK Metro Area

Oklahoma City: child care near the top of the order

Over FY2017 to FY2026, SBA approved 56 child care center loans in Oklahoma City, worth $57.7 million in all. Oklahoma City is 43 of 493 among metropolitan and micropolitan areas for child care center, and child care center is 3 of 39 there. Concentration is the story in Oklahoma City, where a 1.56x location quotient lifts child care center well past its national weight. Few classes in the area rank above it. County counts: Oklahoma County, OK 26 and Cleveland County, OK 17.

Oklahoma City loans center on $437,500, with an inner half from $100,000 up to $1.2 million. Beside the country's median, Oklahoma City comes to 0.97x, nearly even. The spread between the quartiles is unusually wide for one class. In Oklahoma City, 7(a) covers 48 loans and 504 covers 8. Franchise brands stand behind 35.7% of the Oklahoma City loans.

A development company and a bank

Rural Enterprises of Oklahoma, Inc. shows the larger average, since its 8 loans total more than the 11 held by BancFirst. The 7(a) names are 11 loans for $9.4 million at BancFirst. Rural Enterprises of Oklahoma, Inc. with 8 loans worth $17.8 million hold the 504 loans shown. For Oklahoma City, these lines record loans held, files only, never practices.

Loss and cancellation measures are blank for Oklahoma City, so outcomes cannot be ranked. FY2020, 5 loans and $3.4 million, FY2023, 9 loans and $9.9 million, and FY2024, 10 loans and $9.9 million appear in the yearly record. Oklahoma City years not shown stay suppressed. Centers and family homes cannot be separated, since SBA files them under a single code. A county match sits behind each Oklahoma City figure, hence counts can run short.

The Oklahoma City test list

The study should start with enrollment: licensed capacity against working households in Oklahoma County and Cleveland County, the waiting lists at existing centers, and the age mix that decides revenue per room. Staffing ratios set payroll, and the first tuition check may wait on licensing, so the plan needs a cash reserve. Since loans range from small conversions to large new builds, the study must say which kind of project it is and price land, building and playground accordingly. Debt service should be tested at partial enrollment, and the lender should see the building valued apart from the business that occupies it.