How much do SBA lenders typically lend to a child care services business?

The median SBA approval in NAICS 624410 is $387,000, with the middle 80% of loans between $40,000 and $2,118,800. Across all industries the median is $180,000.

Which lenders are most active in child care services?

By dollars approved: Wells Fargo Bank, Live Oak Banking Company, PNC Bank, The Huntington National Bank, Readycap Lending, LLC. A lender's experience in your NAICS code matters - underwriters who have seen a hundred deals like yours ask better questions and move faster.

Is child care services considered a risky industry by SBA lenders?

Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 4.2% were charged off, versus 7.6% across all SBA lending. That is below average, which generally makes lenders more comfortable with the sector.

NAICS 624410 · Health Care

SBA loans for child care services

15,205 SBA loans worth $11.88B have been approved in this industry since FY2010 - the #13 most-financed NAICS code in the country.

Median loan

$387,000

+115% vs all industries

Typical range

$40K-$2.1M

Middle 80%

Median rate

6.49%

7(a) initial note rate

Median term

15 yr

Charge-off rate

4.2%

vs 7.6% all industries

Source: U.S. Small Business Administration, SBA 7(a) and 504 FOIA data, as of 2026-06-30. Approvals from FY2010 onward. How we calculate this.

Lenders

Most active in this industry

Lender	Loans	Approved
Wells Fargo Bank	772	$748.5M
Live Oak Banking Company	283	$711.6M
PNC Bank	283	$421.4M
The Huntington National Bank	796	$394.0M
Readycap Lending, LLC	272	$292.0M
Florida Business Development Corporation	247	$240.6M
U.S. Bank	351	$224.7M
TD Bank	436	$213.0M
America First Federal Credit Union	92	$185.3M
Florida First Capital Finance Corporation, Inc.	177	$184.8M

Geography

Where these loans were made

State	Loans	Share
Texas	1,787
Florida	1,400
California	1,156
Ohio	773
Georgia	771
Illinois	709
New York	687
Pennsylvania	612

Approvals by fiscal year

’10

’11

’12

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’16

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’19

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’26

Loan count. Final bar is a partial fiscal year.

Loan sizes

Under $50K
11%
$50K - $150K
16%
$150K - $350K
19%
$350K - $1M
30%
$1M - $2M
13%
Over $2M
11%

Nearby

Other health care industries

See the sector

Offices of Dentists18,185 · $405,000 Offices of Physicians15,804 · $270,000 Offices of Chiropractors9,664 · $125,950 Home Health Care Services7,245 · $166,000 Offices of All Other Miscellaneous Health Practitioners5,784 · $150,000 Offices of Physical, Occupational and Speech Therapists, and Audiologists5,730 · $145,000 Offices of Mental Health Practitioners4,139 · $135,000 Assisted Living Facilities for the Elderly3,629 · $700,000

Common questions

How much do SBA lenders typically lend to a child care services business?: The median SBA approval in NAICS 624410 is $387,000, with the middle 80% of loans between $40,000 and $2,118,800. Across all industries the median is $180,000.
Which lenders are most active in child care services?: By dollars approved: Wells Fargo Bank, Live Oak Banking Company, PNC Bank, The Huntington National Bank, Readycap Lending, LLC. A lender's experience in your NAICS code matters - underwriters who have seen a hundred deals like yours ask better questions and move faster.
Is child care services considered a risky industry by SBA lenders?: Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 4.2% were charged off, versus 7.6% across all SBA lending. That is below average, which generally makes lenders more comfortable with the sector.

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