SBA 7(a) Child Care Center Feasibility Study in Mississippi

How large Mississippi child care center loans run

SBA lists 48 SBA 7(a) loans to child care centers in Mississippi between FY2017 and FY2026, with $16.6 million in gross dollars approved in Mississippi. Loan size in Mississippi centers on $277,600, with the middle half of the child care centers book between $84,975 and $557,875. Set beside the nationwide child care centers median under SBA 7(a), Mississippi reads 0.72x, so a typical Mississippi loan for child care centers runs smaller than nationwide. No Mississippi child care centers loan is flagged as a franchise, so Mississippi's share reads 0.00%.

Rank 35 among states and 6 of 39 among Mississippi classes: that is how Mississippi child care centers stand under SBA 7(a). The busiest Mississippi year was FY2018, with 11 loans and $4.5 million; and FY2026 records 4 loans for $1.9 million. Mississippi child care borrowers who use 7(a) can fund a purchase, a build-out or working capital, and this cell shows that program alone, apart from the blended class page.

SBA lists Community Bank of Mississippi as the leading holder for Mississippi child care centers, with 13 loans worth $6.7 million. Next come The Citizens Bank of Philadelphia, 6 loans for $2.7 million, BankPlus, 6 loans for $772,400 and Trustmark Bank, 5 loans for $632,300. Community Bank of Mississippi stands first among child care centers holders in Mississippi; SBA's file covers 48 loans held now or before. Geographically, Hinds stands first with 18, Harrison second with 6, and Rankin third with 4. Further down the list stand Forrest 3, Desoto 2 and Jackson 2.

Cancellation and loss figures for Mississippi child care centers

Looking at Mississippi child care centers approved through FY2024, 7.7% or more ended in cancellation; with undisbursed loans counted as cancelled, the Mississippi ceiling stays at 7.7%. On losses, funded Mississippi loans cannot carry a rate, which says nothing about Mississippi either way. Mississippi's counts fold home-based child care into the same code as centers. SBA-outside loans never appear in Mississippi's file.

What a Mississippi child care study must show

Capacity is the ceiling and enrollment is the floor, and the study must show how fast one rises toward the other. Families near Hinds choose a center on trust, hours and price, so count the licensed rivals and their waiting lists. A 7(a) request may fund a purchase, a build-out or working capital; say which and test payments on a loan near $277,600 with slow enrollment. Playgrounds, fencing and safety systems cost more than many borrowers expect. Teacher turnover is a real cost. An appraiser asks who else could use the space.