Which lenders are a good match for a Child Day Care Services SBA loan?
Child Day Care Services project state SBA 7(a) loan approvals in 2020.
Child Day Care Services Industry Highlights
In 2020 the Child Day Care Services industry ranked #15 in SBA 7(a) number of loan approvals and was the #5 ranked industry for loan approval amounts.
All-time there have been 1,620 lenders who have approved 19,988 SBA 7(a) loan approvals to Child Day Care Services businesses for $8,920,751,479. Loan approvals went to borrowers from 4,341 cities for projects in 50 states.
In 2020 Child Day Care Services businesses received 549 SBA 7(a) loan approvals from 218 lenders for $506,093,348. The average loan approval amount in 2020 was $921,846. Approvals went to borrowers from 370 cities for projects in 47 states.
For 2020 franchised Child Day Care Services SBA lending there were 53 lenders who approved 152 SBA 7(a) loans for $236,502,848 for an average loan amount of $1,555,940.
Our forecast model projects the Child Day Care Services industry receiving $558 million in SBA 7(a) approvals in 2021.
Read our Industry page on Child Day Care Services SBA lending for a full report, but below are a few highlights:
Historical SBA 7(a) Lending for Child Day Care Services
2020 Top 25 SBA Lenders
Child Day Care Services
Loan Approvals
Approval Amounts
Child Day Care Services SBA 7(a) Loan Amounts
Average SBA 7(a) loan approval amount in 2020 was $921,846.
42.45% of approved loans in 2020 were for loan amounts up to $350,000.
20.77% of approved loans in 2020 were for loan amounts up to $150,000.
24.96% of approved loans in 2020 were for loan amounts over $1 million.
13.3% of loan approvals were for multi-million loan amounts.
Child Day Care Services SBA 7(a) Lending Forecast
Our forecast model projects the Child Day Care Services industry receiving $558 million in SBA 7(a) approvals in 2021.
See our full (and free) SBA report on Child Day Care Services
This report has about everything a small business owner would want to know about SBA 7(a) loans to Child Day Care Services. See the 2020 top ranked lenders and franchise brands by loan amounts, default data, our SBA lending forecasts, the top project states and borrower cities, and more.
