Buying an Enviro-Master Services franchise: SBA acquisition loan data
Since FY2018, SBA lenders have approved 5 7(a) loans to buy an existing Enviro-Master Services (classified mostly as Janitorial Services), totaling $1.8M. The median loan was $350,000, 46% lower than the $645,250 median for all SBA-financed acquisitions. 2 of these loans were approved in the last two fiscal years.
The purchase agreement decides what you bought, not the loan approval.
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What this tells a buyer
- Price range to expect. Loan size tracks purchase price. Half of Enviro-Master Services resale loans landed between $300,000 and $391,900.
- Lender experience exists. HomeTrust Bank alone has financed 2 Enviro-Master Services resales.
- Guaranty. The SBA guaranteed 74% of the dollars lent here.
- What the file leaves out. The SBA file does not record franchisor transfer terms or fees.
Financing an Enviro-Master Services resale
The median SBA 7(a) loan for an Enviro-Master Services resale was $350,000 across 5 loans (FY2018 to FY2026). HomeTrust Bank, Old National Bank and The Huntington National Bank have financed the most Enviro-Master Services 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%.
Enviro-Master Services acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 0 | $0 | - | |
| FY2019 | 0 | $0 | - | |
| FY2020 | 1 | $350K | $350,000 | |
| FY2021 | 1 | $300K | $300,000 | |
| FY2022 | 0 | $0 | - | |
| FY2023 | 0 | $0 | - | |
| FY2024 | 1 | $678K | $677,500 | |
| FY2025 | 2 | $492K | $245,950 | |
| FY2026 | 0 | $0 | - |
How often do these acquisition loans fail?
Fewer than 20 Enviro-Master Services 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.
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Lenders financing Enviro-Master Services resales
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | HomeTrust Bank | 2 | 40.0% | $650K | |
| 2 | Old National Bank | 2 | 40.0% | $492K | |
| 3 | The Huntington National Bank | 1 | 20.0% | $678K |
States where Enviro-Master Services units are bought
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Michigan | 2 | 40.0% | $492K | |
| 2 | Illinois | 1 | 20.0% | $678K | |
| 3 | Florida | 1 | 20.0% | $350K | |
| 4 | California | 1 | 20.0% | $300K |
The purchase agreement decides what you bought, not the loan approval.
Request Engagement AssessmentAlex Lubyansky leads every engagement.
Questions buyers ask
How much do buyers borrow to buy an Enviro-Master Services franchise?
The median SBA 7(a) loan for an Enviro-Master Services resale was $350,000 across 5 loans (FY2018 to FY2026). The middle half of loans ran from $300,000 to $391,900. 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 Enviro-Master Services acquisitions?
HomeTrust Bank has made the most SBA acquisition loans for Enviro-Master Services (2, 40% of the total). Old National Bank, The Huntington National Bank follow.
What interest rate and term do Enviro-Master Services acquisition loans carry?
The average initial rate at approval was 7.78% (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 Enviro-Master Services resale riskier than other SBA-financed acquisitions?
Too few Enviro-Master Services 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 Enviro-Master Services units being bought with SBA loans?
Michigan (2), Illinois (1), Florida (1), California (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.
Seller note standby terms and third-party consents are reviewed before closing.
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Related
- All Janitorial Services acquisitions
- Michigan acquisitions
- Illinois acquisitions
- Florida acquisitions
- HomeTrust Bank
- Old National Bank
- The Huntington National Bank
- All franchise brands
Brand name as recorded by lenders in the SBA file: "Enviro-Master Services" (franchise code S0581). Figures are aggregates of public SBA data and are not provided or endorsed by the franchisor.