SBA 504 Child Care Center Feasibility Study in New York

A cancellation floor of zero, a ceiling of 7.9%

The unusual figure for New York child care under 504 is the cancellation pair: the floor for FY2017 to FY2024 approvals reads 0.00%, while the ceiling, with every undisbursed loan written off, stands at 7.9%. The two together mean that few approvals are known to have died, though some funding is still pending. The 44 loans total $42.7 million, with a midpoint of $468,500, 0.62x the national 504 midpoint for centers, and the middle half runs from $248,000 to $1.8 million. Franchised loans are 18.2%.

Ranks and holders

For New York, count rank is 12 among states, and in-state child care center holds place 5 of 39. Empire State Certified Development Corporation holds 35 of the 44 loans, with $31.5 million, while Trenton Business Assistance Corporation, a much smaller book, holds 5 loans worth $10.5 million. Those are present holders per SBA. Suffolk County has 8 loans, Nassau 5, Monroe 4, and Erie, Onondaga and Queens 3 each. FY2025 shows no loans, at $0, while FY2024 had 8 loans worth $8.1 million.

Coding limit and withheld rate

The industry code also holds in-home providers, so a New York loan counted here could belong to a home-based operator and not a center. No loss figure is printed for New York, since too few loans funded for SBA to publish one; do not treat the gap as a clean record. All rates on this page are floors for loans that are still seasoning.

What a New York child care study has to show

The study must confirm licensing at the site, since New York rules govern space per child, outdoor area and staffing, and the permit timetable affects the opening date and the interest carried. Demand should come from working households within reach, the waiting lists and tuition of nearby centers, and public subsidy where relevant. Because 504 funds buildings and long-lived equipment, show purchase or construction cost, renovation scope and the equity the borrower contributes. Payroll is the main operating cost, so give staff ratios and wages by age group. Coverage should be tested at partial enrollment and when subsidy rates change. The appraisal has to explain what the property brings to a buyer who would not run a center.