Buying a Fish Window Cleaning Services franchise: SBA acquisition loan data
Since FY2018, SBA lenders have approved 9 7(a) loans to buy an existing Fish Window Cleaning Services (classified mostly as Janitorial Services), totaling $4.3M. The median loan was $462,900, 28% lower than the $645,250 median for all SBA-financed acquisitions. 3 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 Fish Window Cleaning Services resale loans landed between $350,000 and $560,000.
- Lender experience exists. OptimumBank alone has financed 2 Fish Window Cleaning Services 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 a Fish Window Cleaning Services resale
The median SBA 7(a) loan for a Fish Window Cleaning Services resale was $462,900 across 9 loans (FY2018 to FY2026). OptimumBank, SouthPoint Bank and IncredibleBank have financed the most Fish Window Cleaning 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%.
Fish Window Cleaning Services acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 1 | $235K | $235,000 | |
| FY2019 | 0 | $0 | - | |
| FY2020 | 1 | $465K | $465,000 | |
| FY2021 | 1 | $564K | $564,000 | |
| FY2022 | 0 | $0 | - | |
| FY2023 | 2 | $813K | $406,450 | |
| FY2024 | 1 | $560K | $560,000 | |
| FY2025 | 0 | $0 | - | |
| FY2026 | 3 | $1.7M | $415,000 |
How often do these acquisition loans fail?
Fewer than 20 Fish Window Cleaning 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.
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Lenders financing Fish Window Cleaning Services resales
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | OptimumBank | 2 | 22.2% | $1.3M | |
| 2 | SouthPoint Bank | 1 | 11.1% | $564K | |
| 3 | IncredibleBank | 1 | 11.1% | $560K | |
| 4 | Bank First, N.A. | 1 | 11.1% | $465K | |
| 5 | Citizens Bank | 1 | 11.1% | $463K | |
| 6 | PNC Bank, National Association | 1 | 11.1% | $350K | |
| 7 | SouthState Bank, National Association | 1 | 11.1% | $350K | |
| 8 | CDC Small Business Finance Corp. | 1 | 11.1% | $235K |
States where Fish Window Cleaning Services units are bought
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Florida | 3 | 33.3% | $1.9M | |
| 2 | Alabama | 1 | 11.1% | $564K | |
| 3 | Wisconsin | 1 | 11.1% | $465K | |
| 4 | Ohio | 1 | 11.1% | $463K | |
| 5 | Georgia | 1 | 11.1% | $350K | |
| 6 | New Jersey | 1 | 11.1% | $350K | |
| 7 | California | 1 | 11.1% | $235K |
The purchase agreement decides what you bought, not the loan approval.
Request Engagement AssessmentAlex Lubyansky leads every engagement.
How lenders classify Fish Window Cleaning Services
Lenders code each loan to a NAICS industry. For Fish Window Cleaning Services the codes used were:
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Janitorial Services | 5 | 55.6% | $2.8M | |
| 2 | Other Services to Buildings and Dwellings | 2 | 22.2% | $914K | |
| 3 | All Other Personal Services | 2 | 22.2% | $585K |
Questions buyers ask
How much do buyers borrow to buy a Fish Window Cleaning Services franchise?
The median SBA 7(a) loan for a Fish Window Cleaning Services resale was $462,900 across 9 loans (FY2018 to FY2026). The middle half of loans ran from $350,000 to $560,000. 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 Fish Window Cleaning Services acquisitions?
OptimumBank has made the most SBA acquisition loans for Fish Window Cleaning Services (2, 22% of the total). SouthPoint Bank, IncredibleBank, Bank First, N.A. follow.
What interest rate and term do Fish Window Cleaning Services acquisition loans carry?
The average initial rate at approval was 8.65% (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 a Fish Window Cleaning Services resale riskier than other SBA-financed acquisitions?
Too few Fish Window Cleaning 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 Fish Window Cleaning Services units being bought with SBA loans?
Florida (3), Alabama (1), Wisconsin (1), Ohio (1), Georgia (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.
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Related
- All Janitorial Services acquisitions
- Florida acquisitions
- Alabama acquisitions
- Wisconsin acquisitions
- IncredibleBank
- Bank First, N.A.
- Citizens Bank
- All franchise brands
Brand name as recorded by lenders in the SBA file: "Fish Window Cleaning Services" (franchise code S0645). Figures are aggregates of public SBA data and are not provided or endorsed by the franchisor.