Industries › Health Care and Social Assistance › Social Assistance › Child Day Care Services
NAICS 6244Industry group1.6% of all approvals
SBA loans for child day care services
7(a) and 504 approvals to businesses SBA classifies under NAICS 6244, with the lenders and states behind them.
SBA approvals by fiscal year. The federal fiscal year runs 1 October to 30 September, so FY2025 is 1 October 2024 to 30 September 2025. *FY2026 is open: approvals to 30 Jun 2026 only.
Businesses classified under NAICS 6244, child day care services, received 5,429 SBA loan approvals worth $4.63bn in FY2021 to FY2025 (4,323 7(a), 1,106 504).
That is 1.6% of all approvals. Set against the 82,162 establishments the Census Bureau counts in the industry, it comes to 66.1 approvals per 1,000 establishments; across all industries the figure is 41.0.
In FY2025 there were 1,358 approvals, up 14% on FY2024. The median 7(a) approval was $405K, against $190K for all industries, and 19.0% of approvals went to franchise businesses.
Of 7(a) loans approved in FY2010 to FY2021 and disbursed, SBA records 3.3% as charged off, below the 6.6% for all industries.
Loan status is as recorded by SBA at the data date; charge-off rates are computed on loans approved at least five fiscal years ago. Jobs supported are self-reported estimates from the SBA loan application, which SBA does not review, audit or validate. Data through 30 Jun 2026.
Volume by fiscal year
| Fiscal year | 7(a) approvals | 7(a) dollars | Median 7(a) | 504 approvals | 504 dollars | All approvals | Jobs supported, as reported |
|---|---|---|---|---|---|---|---|
| FY2026* | 627 | $588M | $377K | 143 | $196M | 770 | 13,430 |
| FY2025 | 1,145 | $832M | $350K | 213 | $289M | 1,358 | 22,808 |
| FY2024 | 975 | $663M | $330K | 214 | $248M | 1,189 | 20,371 |
| FY2023 | 772 | $591M | $400K | 204 | $233M | 976 | 18,276 |
| FY2022 | 637 | $551M | $450K | 270 | $274M | 907 | 15,715 |
| FY2021 | 794 | $766M | $554K | 205 | $180M | 999 | 17,894 |
| FY2020 | 590 | $563M | $460K | 162 | $141M | 752 | 13,732 |
| FY2019 | 741 | $674M | $357K | 181 | $151M | 922 | 15,639 |
| FY2018 | 811 | $642M | $270K | 172 | $140M | 983 | 16,600 |
| FY2017 | 794 | $652M | $345K | 155 | $115M | 949 | 15,881 |
| FY2016 | 794 | $641M | $333K | 140 | $90.8M | 934 | 16,103 |
SBA records the NAICS code in force when a loan was approved. The 2022 NAICS revision renumbered parts of retail trade and information, so some lines of business appear under one code before FY2023 and another after. FY2016–FY2020 approvals under this code: 4,540.
Lenders most active in this industry
By number of approvals, FY2021–FY2025; 700 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | The Huntington National BankColumbus, OH | 329 | $134M | 6.1% | |
| 2 | TD Bank, National AssociationWilmington, DE | 176 | $80.4M | 3.2% | |
| 3 | Readycap Lending, LLCBerkeley Heights, NJ | 165 | $127M | 3.0% | |
| 4 | Live Oak Banking CompanyWilmington, NC | 162 | $353M | 3.0% | |
| 5 | Newtek Bank, National AssociationMiami, FL | 121 | $56.6M | 2.2% | |
| 6 | Northeast BankLewiston, ME | 116 | $15.5M | 2.1% | |
| 7 | Wells Fargo Bank National AssociationSioux Falls, SD | 110 | $101M | 2.0% | |
| 8 | U.S. Bank, National AssociationCincinnati, OH | 105 | $62.6M | 1.9% | |
| 9 | Harvest Small Business Finance, LLCLaguna Hills, CA | 90 | $78.2M | 1.7% | |
| 10 | Florida Business Development CorporationTampa, FL · CDC | 89 | $102M | 1.6% | |
| 11 | Manufacturers and Traders Trust CompanyBuffalo, NY | 86 | $12.1M | 1.6% | |
| 12 | Bank of America, National AssociationCharlotte, NC | 84 | $65.5M | 1.5% | |
| 13 | First Bank of the LakeOsage Beach, MO | 78 | $81.0M | 1.4% | |
| 14 | Customers BankMalvern, PA | 71 | $106M | 1.3% | |
| 15 | Florida First Capital Finance Corporation, Inc.Tallahassee, FL · CDC | 71 | $83.2M | 1.3% | |
| 16 | BayFirst National BankSaint Petersburg, FL | 65 | $19.8M | 1.2% | |
| 17 | Celtic Bank CorporationSalt Lake City, UT | 62 | $44.3M | 1.1% | |
| 18 | Newtek Small Business Finance, Inc.Lake Success, NY | 59 | $35.0M | 1.1% | |
| 19 | Bank Five NineOconomowoc, WI | 58 | $40.4M | 1.1% | |
| 20 | Byline BankChicago, IL | 53 | $51.5M | 1.0% |
States
| # | State of the business | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Texas | 588 | $717M | 10.8% | |
| 2 | Florida | 531 | $499M | 9.8% | |
| 3 | California | 467 | $433M | 8.6% | |
| 4 | Georgia | 274 | $326M | 5.0% | |
| 5 | Illinois | 273 | $182M | 5.0% | |
| 6 | Ohio | 269 | $139M | 5.0% | |
| 7 | New York | 234 | $132M | 4.3% | |
| 8 | Pennsylvania | 233 | $169M | 4.3% | |
| 9 | New Jersey | 218 | $198M | 4.0% | |
| 10 | Massachusetts | 176 | $110M | 3.2% | |
| 11 | North Carolina | 140 | $150M | 2.6% | |
| 12 | Michigan | 135 | $77.0M | 2.5% | |
| 13 | Wisconsin | 132 | $87.3M | 2.4% | |
| 14 | Virginia | 121 | $135M | 2.2% | |
| 15 | Colorado | 120 | $156M | 2.2% |
Franchise brands
19.0% of approvals carried a franchise code.
| # | Brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | The Goddard School | 211 | 3.9% | |
| 2 | Primrose Schools | 194 | 3.6% | |
| 3 | Kiddie Academy | 173 | 3.2% | |
| 4 | The Learning Experience | 164 | 3.0% | |
| 5 | Celebree School | 43 | 0.8% | |
| 6 | Ivybrook Academy | 26 | 0.5% | |
| 7 | Lightbridge Academy | 24 | 0.4% | |
| 8 | Kids 'R' Kids | 22 | 0.4% | |
| 9 | Children's Lighthouse Early Learning Schools | 20 | 0.4% | |
| 10 | Pinnacle Montessori | 19 | 0.3% |
Approval sizes
- $50,000 or less12.6%683
- $50,001 to $150,00013.2%714
- $150,001 to $350,00016.6%899
- $350,001 to $1 million31.0%1,683
- $1 million to $2 million15.0%816
- Over $2 million11.7%634
Age of the businesses
- Existing, more than 2 years old51.4%2,791
- New business, 2 years or less14.2%770
- Startup, loan funds will open the business23.7%1,285
- Change of ownership10.7%582
- Not answered0.0%1
Charge-offs against all industries
| Loans approved FY2010–FY2021 | This industry, 7(a) | All 7(a) | This industry, 504 | All 504 |
|---|---|---|---|---|
| Approvals in these years | 8,045 | 639,905 | 1,960 | 85,591 |
| Cancelled or never disbursed | 1,053 | 79,313 | 277 | 12,514 |
| Disbursed loans | 6,992 | 560,592 | 1,683 | 73,077 |
| Paid in full | 5,094 | 435,813 | 773 | 35,491 |
| Charged off | 230 | 36,891 | 16 | 905 |
| Still outstanding (status exempt from disclosure) | 1,668 | 87,888 | 894 | 36,681 |
| Charged off, share of disbursed loans | 3.3% | 6.6% | 1.0% | 1.2% |
| Dollars charged off, share of disbursed dollars | 0.6% | 2.5% | 0.3% | 0.9% |
| Dollars charged off | $33.4M | $5.70bn | $4.3M | $499M |
Against all industries
| FY2021–FY2025 | NAICS 6244 | All industries |
|---|---|---|
| Median 7(a) approval | $405K | $190K |
| Median 504 approval | $832K | $657K |
| Average approval | $852K | $573K |
| Approvals per 1,000 establishments | 66.1 | 41.0 |
| Approvals to franchise businesses | 19.0% | 11.2% |
| Jobs supported per approval, as reported | 17.5 | 10.5 |
Questions and answers
Which lenders make the most SBA loans for child day care services?
By approvals in FY2021 to FY2025: The Huntington National Bank (329), TD Bank, National Association (176), Readycap Lending, LLC (165), Live Oak Banking Company (162), Newtek Bank, National Association (121). 700 lenders had at least one.
How large are typical SBA loans for child day care services?
The median 7(a) approval was $405K and the median 504 approval $832K; the average across both programs was $852K.
What share of SBA loans for child day care services are charged off?
Of 7(a) loans approved in FY2010 to FY2021 and disbursed, 3.3% are recorded as charged off, against 6.6% for all industries; for 504 loans, 1.0% against 1.2%.
Which states have the most SBA loans for child day care services?
Texas (588), Florida (531), California (467), Georgia (274), Illinois (273).
Is SBA lending for child day care services rising?
Approvals in the three latest complete fiscal years total 3,523, against 2,658 in the three before: rising (+33%).
About these figures
Figures are totals of the Small Business Administration's 7(a) and 504 FOIA loan files, data through 30 Jun 2026. SBA updates the files quarterly. Counts are loan approvals, including approvals later cancelled; the five-year window is FY2021–FY2025, the five latest complete fiscal years. Charge-off rates use only loans approved in FY2010–FY2021, at least five fiscal years ago, and count disbursed loans SBA records as charged off. Loans are listed under the lender they are assigned to today. Establishment counts are from the Census Bureau's County Business Patterns 2023, which leaves out most farms, government and businesses without employees. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error