SBA 504 Child Care Center Feasibility Study in Maine

What Maine shows for SBA 504 child care center loans

SBA's files show 26 approvals under 504 for child care center projects in Maine from FY2017 and FY2026, worth $9.9 million. Position: 24 for the Maine child care center (SBA 504) approvals, and 3 of 39 among Maine's own asset classes. Usual size: $326,000. Against the national median for the same class, Maine runs at 0.43x, a smaller ticket profile. Between $179,500 and $452,000 lies the middle half of the loans in Maine. 0.00% of these Maine loans went to franchised businesses. No Maine metric, the $326,000 median included, departs far enough from the state and class parents, hence the page for child care center in Maine rests on its lenders, counties and years.

Where the Maine loans sit

By county, Cumberland with 11, York with 10, Androscoggin with 2 and Hancock with 1 lead the child care center loans in Maine. Year by year in Maine, approvals peaked at 8 loans, worth $3.4 million, in FY2023, and the series closes at 2 loans and $1.3 million in FY2026; the series began with 1 loans in FY2017.

Reading the Maine child care center outcome floors

Cancellation after approval is not printed for Maine child care center, since the Maine cohort holds too few child care center loans for a rate; a child care center blank for Maine is withheld, never a zero. For losses, Maine child care center carries no printed rate: that funded Maine cohort holds too few loans, so that Maine figure is held back, and an empty cell does not signal zero for child care center. Lenders should treat these Maine rates as floors, never as settled outcomes. Bear this in mind while reading Maine's 26 loans: one code covers center-based care and care run from a home, so Maine's totals come a blend.

Testing a Maine child care center loan request

With 504, a Maine child care center project is financed in layers: a certified development company supplies one Maine slice, a separate child care center lender another, and the Maine borrower covers the balance; the child care center study must show how the combined Maine structure is serviced. A Maine child care center study needs to test licensed capacity relative to demand and the tuition level. State licensing rules on room ratios, outdoor space and security features set child care center costs in Maine. Test the Maine child care center numbers at the $326,000 median and at $452,000: coverage that holds only in the best year will not be enough. An appraisal will test enrolment ramp-up against staffing cost, and our forecast gives each.

Daniel Smith, MAI, signs the Maine child care center study: the $9.9 million approved before is orientation, and the child care center study itself tests the project questions; Maine approval is never promised here.