Child Care Center Feasibility Study in the Port St. Lucie, FL Metro Area

Port St. Lucie: child care center lending

In Port St. Lucie, over FY2017 to FY2026, SBA approved 34 child care center loans, totalling $32.6 million in gross dollars. Within Port St. Lucie, child care center lending lands 2 of 39 in the local class table. Nationally, Port St. Lucie lands at 55 of 493 against all metro and micro areas by child care center loan count. Port St. Lucie's 2.02x location quotient gives child care center more weight locally. Port St. Lucie's median loan size is $609,850. The central half of Port St. Lucie loans extends from $386,000 to $1.0 million, and the median is a 1.35x multiple of the national class median. Child care ranks 2 of 39 among the asset classes of Port St. Lucie, and a location quotient of 2.02x says the class carries well more weight here than in the national book. The median of $609,850 is 1.35x the class median nationally, so the typical project is a sizeable one, financed through both SBA 7(a) and SBA 504.

In Port St. Lucie, by program, the SBA 7(a) count is 26 and the SBA 504 count is 8. Port St. Lucie's franchise share is withheld. In Port St. Lucie, no holder gets to five loans. Port St. Lucie therefore names no lender. County by county: St. Lucie County, FL has 22 loans; Martin County, FL has 12 loans.

Port St. Lucie: years, floors and limits

Port St. Lucie gives a short run of years: FY2017 records 6 loans valued at $4.1 million; FY2023 records 5 loans totalling $6.0 million. In FY2024, Port St. Lucie has 0 loans and $0. Not published for Port St. Lucie: FY2018 to FY2022, FY2025 and FY2026. Those Port St. Lucie years are never zeros. The Port St. Lucie cancellation rate: withheld, short of 30 loans in the cohort. Port St. Lucie's charge-off rate: not published, below 30 loans in all. Port St. Lucie uses Loan Analytics' own floor. Port St. Lucie has a small FY2017 to FY2021 cohort. The July 2023 list defines Port St. Lucie. A loan joins Port St. Lucie solely by way of its county. Port St. Lucie leaves out unmatched loans. In Port St. Lucie, in-home child care sits in a single code with Port St. Lucie centers. Port St. Lucie family child care homes cannot be split out.

Port St. Lucie: what to test

A Port St. Lucie child care study should show licensed capacity, the enrolment ramp from opening to a stable census, the staffing the licence requires and the tuition the families nearby can bear. It should price the building or conversion against a loan near $609,850 and cover the payment at a census a cautious lender would accept. Because the class mixes in-home care with centers, the comparison group should be centers of similar size. The appraisal rests on the income those enrolled children produce.