Buying an Amada Senior Care franchise: SBA acquisition loan data
Since FY2018, SBA lenders have approved 5 7(a) loans to buy an existing Amada Senior Care (classified mostly as Home Health Care Services), totaling $9.9M. The median loan was $1,825,000, 183% higher than the $645,250 median for all SBA-financed acquisitions.
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What this tells a buyer
- Price range to expect. Loan size tracks purchase price. Half of Amada Senior Care resale loans landed between $1,564,000 and $2,336,000.
- Lender experience exists. CIBC Bank USA alone has financed 2 Amada Senior Care resales.
- Guaranty. The SBA guaranteed 77% of the dollars lent here.
- What the file leaves out. The SBA file does not record franchisor transfer terms or fees.
Financing an Amada Senior Care resale
The median SBA 7(a) loan for an Amada Senior Care resale was $1,825,000 across 5 loans (FY2018 to FY2026). CIBC Bank USA, Wilmington Savings Fund Society FSB and Live Oak Banking Company have financed the most Amada Senior Care 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%.
Amada Senior Care acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 0 | $0 | - | |
| FY2019 | 1 | $2.3M | $2,336,000 | |
| FY2020 | 1 | $1.8M | $1,825,000 | |
| FY2021 | 2 | $4.2M | $2,076,300 | |
| FY2022 | 0 | $0 | - | |
| FY2023 | 1 | $1.6M | $1,564,000 | |
| FY2024 | 0 | $0 | - | |
| FY2025 | 0 | $0 | - | |
| FY2026 | 0 | $0 | - |
How often do these acquisition loans fail?
Fewer than 20 Amada Senior Care 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.
Seller note standby terms and third-party consents are reviewed before closing.
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Lenders financing Amada Senior Care resales
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | CIBC Bank USA | 2 | 40.0% | $3.7M | |
| 2 | Wilmington Savings Fund Society FSB | 1 | 20.0% | $2.8M | |
| 3 | Live Oak Banking Company | 1 | 20.0% | $1.8M | |
| 4 | BMO Bank National Association | 1 | 20.0% | $1.6M |
States where Amada Senior Care units are bought
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | California | 3 | 60.0% | $5.7M | |
| 2 | Wisconsin | 1 | 20.0% | $2.8M | |
| 3 | Alabama | 1 | 20.0% | $1.3M |
Terms signed in the LOI shape the purchase agreement that follows.
Request Engagement AssessmentFree consultation. All 50 states.
How lenders classify Amada Senior Care
Lenders code each loan to a NAICS industry. For Amada Senior Care the codes used were:
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Home Health Care Services | 3 | 60.0% | $5.2M | |
| 2 | Services for the Elderly and Persons with Disabilities | 1 | 20.0% | $2.8M | |
| 3 | All Other Health and Personal Care Stores | 1 | 20.0% | $1.8M |
Questions buyers ask
How much do buyers borrow to buy an Amada Senior Care franchise?
The median SBA 7(a) loan for an Amada Senior Care resale was $1,825,000 across 5 loans (FY2018 to FY2026). The middle half of loans ran from $1,564,000 to $2,336,000. 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 Amada Senior Care acquisitions?
CIBC Bank USA has made the most SBA acquisition loans for Amada Senior Care (2, 40% of the total). Wilmington Savings Fund Society FSB, Live Oak Banking Company, BMO Bank National Association follow.
What interest rate and term do Amada Senior Care acquisition loans carry?
The average initial rate at approval was 6.42% (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 Amada Senior Care resale riskier than other SBA-financed acquisitions?
Too few Amada Senior Care 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 Amada Senior Care units being bought with SBA loans?
California (3), Wisconsin (1), Alabama (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.
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Related
- All Home Health Care Services acquisitions
- California acquisitions
- Wisconsin acquisitions
- Alabama acquisitions
- CIBC Bank USA
- Wilmington Savings Fund Society FSB
- Live Oak Banking Company
- All franchise brands
Brand name as recorded by lenders in the SBA file: "Amada Senior Care" (franchise code S0099). Figures are aggregates of public SBA data and are not provided or endorsed by the franchisor.