Buying an Aire Serv franchise: SBA acquisition loan data
Since FY2018, SBA lenders have approved 6 7(a) loans to buy an existing Aire Serv (classified mostly as Plumbing, Heating, and Air-Conditioning Contractors), totaling $3.1M. The median loan was $348,050, 46% lower than the $645,250 median for all SBA-financed acquisitions. 4 of these loans were approved in the last two fiscal years.
Seller note standby terms and third-party consents are reviewed before closing.
Submit Transaction DetailsSBA-financed deals. All 50 states.
What this tells a buyer
- Price range to expect. Loan size tracks purchase price. Half of Aire Serv resale loans landed between $240,275 and $740,750.
- Lender experience exists. The Huntington National Bank alone has financed 2 Aire Serv resales.
- Guaranty. The SBA guaranteed 75% of the dollars lent here.
- What the file leaves out. The SBA file does not record franchisor transfer terms or fees.
Financing an Aire Serv resale
The median SBA 7(a) loan for an Aire Serv resale was $348,050 across 6 loans (FY2018 to FY2026). The Huntington National Bank, Byline Bank and Live Oak Banking Company have financed the most Aire Serv resales. Too few of these loans are old enough to measure a charge-off rate; the average for all SBA acquisition loans is 3.5%.
Aire Serv acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 1 | $346K | $346,100 | |
| FY2019 | 1 | $205K | $205,000 | |
| FY2020 | 0 | $0 | - | |
| FY2021 | 0 | $0 | - | |
| FY2022 | 0 | $0 | - | |
| FY2023 | 0 | $0 | - | |
| FY2024 | 0 | $0 | - | |
| FY2025 | 1 | $1.3M | $1,296,000 | |
| FY2026 | 3 | $1.3M | $350,000 |
How often do these acquisition loans fail?
Fewer than 20 Aire Serv acquisition loans are old enough to measure losses reliably, so no charge-off rate is shown. The benchmark across all SBA acquisition loans in the FY2018 to FY2021 cohort is 3.5% by count. Non-acquisition 7(a) loans (every other stated purpose) approved FY2018 to FY2021 charged off at 6.2%.
"Charged off" is the SBA's final loss action on a defaulted loan after collection efforts. It lags default by a year or more, which is why only older cohorts are measured. It is not the same as a delinquency rate, and loans still outstanding can still fail. See charge-off in the glossary.
Terms signed in the LOI shape the purchase agreement that follows.
Request Engagement AssessmentAlex Lubyansky leads every engagement.
Lenders financing Aire Serv resales
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 2 | 33.3% | $921K | |
| 2 | Byline Bank | 1 | 16.7% | $1.3M | |
| 3 | Live Oak Banking Company | 1 | 16.7% | $350K | |
| 4 | 1st Source Bank | 1 | 16.7% | $346K | |
| 5 | Stearns Bank National Association | 1 | 16.7% | $205K |
States where Aire Serv units are bought
The purchase agreement decides what you bought, not the loan approval.
Request Engagement AssessmentAlex Lubyansky leads every engagement.
How lenders classify Aire Serv
Lenders code each loan to a NAICS industry. For Aire Serv the codes used were:
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Plumbing, Heating, and Air-Conditioning Contractors | 5 | 83.3% | $2.8M | |
| 2 | Other Personal and Household Goods Repair and Maintenance | 1 | 16.7% | $346K |
Questions buyers ask
How much do buyers borrow to buy an Aire Serv franchise?
The median SBA 7(a) loan for an Aire Serv resale was $348,050 across 6 loans (FY2018 to FY2026). The middle half of loans ran from $240,275 to $740,750. The loan excludes the buyer's equity and any seller note and may include working capital, so the price is usually higher than the loan.
Which banks finance Aire Serv acquisitions?
The Huntington National Bank has made the most SBA acquisition loans for Aire Serv (2, 33% of the total). Byline Bank, Live Oak Banking Company, 1st Source Bank follow.
What interest rate and term do Aire Serv acquisition loans carry?
The average initial rate at approval was 8.79% (a blend of fixed and variable loans across several rate environments, so treat it as context, not a quote). The median term was 10 years.
Is an Aire Serv resale riskier than other SBA-financed acquisitions?
Too few Aire Serv acquisition loans are old enough to measure. The benchmark for all SBA acquisition loans is 3.5% charged off in the FY2018 to FY2021 cohort.
Where are Aire Serv units being bought with SBA loans?
Texas (3), Montana (1), Georgia (1), Indiana (1). State counts follow where the brand has units and where SBA lending is most active generally; see the state pages for the overall picture.
Terms signed in the LOI shape the purchase agreement that follows.
Request Engagement AssessmentAlex Lubyansky leads every engagement.
Advertise on this site: lenders, brokers, valuation and insurance firms. See options
Related
- All Plumbing, Heating, and Air-Conditioning Contractors acquisitions
- Texas acquisitions
- Montana acquisitions
- Georgia acquisitions
- The Huntington National Bank
- Byline Bank
- Live Oak Banking Company
- All franchise brands
Brand name as recorded by lenders in the SBA file: "Aire Serv" (franchise code S0080). Figures are aggregates of public SBA data and are not provided or endorsed by the franchisor.