Child Care Center Feasibility Study in the Virginia Beach-Chesapeake-Norfolk, VA-NC Metro Area

Child care across Virginia Beach, Chesapeake and Norfolk

Virginia Beach-Chesapeake-Norfolk, VA-NC counts 34 SBA loans, FY2017 to FY2026, to child care centers, totalling $42.6 million. Child care is sixth of 39 classes here, and the metro is 55 of 493 when areas are ranked by child care loans. A location quotient of 1.11x puts the class only a little above its national weight. The median, $607,450, is 1.34x the national figure, while the middle half reaches from $326,000 to $1.6 million. No metric in this cell is flagged as distinctive.

Programs, brands and places

Programs divide as 23 for SBA 7(a) and 11 for SBA 504; 32.4% of loans carry a franchise affiliation. Virginia Beach city holds 12 loans, Chesapeake city 5 and Hampton city 5. No institution reaches the five-loan line in either program, so no lender is named on this page.

The recent years carry the dollars

The metro prints FY2019 with 5 loans and $1.2 million, FY2025 with 9 loans and $10.8 million, and FY2026, a finished fiscal year, with 5 loans and $10.6 million in the data. FY2017, FY2018 and FY2020 through FY2024 are blank, being too thin to show; none of them is a zero. Outcome rates are held back because this metro's FY2017 to FY2021 disbursements number fewer than the 30 Loan Analytics wants.

What a child care study has to prove

A project priced near the $607,450 median must show enrollment that fills licensed capacity within a stated number of months, and a teacher-to-child staffing plan whose wages leave room for debt service. When the request climbs toward $1.6 million, the study should explain whether that reflects ground-up construction or a conversion. Franchise affiliation matters too: if the concept is branded, fees belong in the coverage test. The class mixes two kinds of provider: in-home child care shares the code, so centers cannot be isolated. Projects count toward this metro by the county of the project, as laid out in the July 2023 delineation, and a lender's appraisal will weigh the income from the building as well as its value as a structure.