Buying an American Family Care franchise: SBA acquisition loan data
Since FY2018, SBA lenders have approved 7 7(a) loans to buy an existing American Family Care, totaling $9.4M. The median loan was $1,310,000, 103% higher than the $645,250 median for all SBA-financed acquisitions. 4 of these loans were approved in the last two fiscal years.
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What this tells a buyer
- Price range to expect. Loan size tracks purchase price. Half of American Family Care resale loans landed between $912,950 and $1,573,250.
- Lender experience exists. Citizens Bank alone has financed 5 American Family Care 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 American Family Care resale
The median SBA 7(a) loan for an American Family Care resale was $1,310,000 across 7 loans (FY2018 to FY2026). Citizens Bank, Santander Bank, National Association and United Community Bank have financed the most American Family 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%.
American Family Care acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 0 | $0 | - | |
| FY2019 | 0 | $0 | - | |
| FY2020 | 1 | $1.4M | $1,440,000 | |
| FY2021 | 0 | $0 | - | |
| FY2022 | 1 | $1.3M | $1,310,000 | |
| FY2023 | 1 | $1.7M | $1,706,500 | |
| FY2024 | 0 | $0 | - | |
| FY2025 | 4 | $4.9M | $912,950 | |
| FY2026 | 0 | $0 | - |
How often do these acquisition loans fail?
Fewer than 20 American Family 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.
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Lenders financing American Family Care resales
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Citizens Bank | 5 | 71.4% | $6.6M | |
| 2 | Santander Bank, National Association | 1 | 14.3% | $1.4M | |
| 3 | United Community Bank | 1 | 14.3% | $1.3M |
States where American Family Care units are bought
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | California | 2 | 28.6% | $4.1M | |
| 2 | Colorado | 2 | 28.6% | $1.1M | |
| 3 | Pennsylvania | 1 | 14.3% | $1.7M | |
| 4 | New York | 1 | 14.3% | $1.4M | |
| 5 | North Carolina | 1 | 14.3% | $1M |
That draft favors the seller. We review it for the buyer, line by line.
Submit Transaction DetailsFree consultation. All 50 states.
How lenders classify American Family Care
Lenders code each loan to a NAICS industry. For American Family Care the codes used were:
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Offices of All Other Miscellaneous Health Practitioners | 1 | 14.3% | $1.4M | |
| 2 | Offices of Physicians (except Mental Health Specialists) | 1 | 14.3% | $1.3M |
Questions buyers ask
How much do buyers borrow to buy an American Family Care franchise?
The median SBA 7(a) loan for an American Family Care resale was $1,310,000 across 7 loans (FY2018 to FY2026). The middle half of loans ran from $912,950 to $1,573,250. 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 American Family Care acquisitions?
Citizens Bank has made the most SBA acquisition loans for American Family Care (5, 71% of the total). Santander Bank, National Association, United Community Bank follow.
What interest rate and term do American Family Care acquisition loans carry?
The average initial rate at approval was 8.07% (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 American Family Care resale riskier than other SBA-financed acquisitions?
Too few American Family 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 American Family Care units being bought with SBA loans?
California (2), Colorado (2), Pennsylvania (1), New York (1), North Carolina (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.
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Related
- California acquisitions
- Colorado acquisitions
- Pennsylvania acquisitions
- Citizens Bank
- Santander Bank, National Association
- United Community Bank
- All franchise brands
Brand name as recorded by lenders in the SBA file: "American Family Care" (franchise code S0107). Figures are aggregates of public SBA data and are not provided or endorsed by the franchisor.