Buying a Goosehead Insurance franchise: SBA acquisition loan data
Since FY2018, SBA lenders have approved 8 7(a) loans to buy an existing Goosehead Insurance (classified mostly as Insurance Agencies and Brokerages), totaling $5.6M. The median loan was $400,000, 38% lower than the $645,250 median for all SBA-financed acquisitions. 7 of these loans were approved in the last two fiscal years.
Seller note standby terms and third-party consents are reviewed before closing.
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What this tells a buyer
- Price range to expect. Loan size tracks purchase price. Half of Goosehead Insurance resale loans landed between $243,750 and $641,750.
- Lender experience exists. Live Oak Banking Company alone has financed 5 Goosehead Insurance 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 a Goosehead Insurance resale
The median SBA 7(a) loan for a Goosehead Insurance resale was $400,000 across 8 loans (FY2018 to FY2026). Live Oak Banking Company, Capital Bank, National Association and First-Citizens Bank & Trust Company have financed the most Goosehead Insurance 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%.
Goosehead Insurance acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 0 | $0 | - | |
| FY2019 | 0 | $0 | - | |
| FY2020 | 0 | $0 | - | |
| FY2021 | 0 | $0 | - | |
| FY2022 | 0 | $0 | - | |
| FY2023 | 1 | $260K | $260,000 | |
| FY2024 | 0 | $0 | - | |
| FY2025 | 2 | $3.3M | $1,625,000 | |
| FY2026 | 5 | $2.1M | $300,000 |
How often do these acquisition loans fail?
Fewer than 20 Goosehead Insurance 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 Goosehead Insurance resales
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Live Oak Banking Company | 5 | 62.5% | $4M | |
| 2 | Capital Bank, National Association | 2 | 25.0% | $760K | |
| 3 | First-Citizens Bank & Trust Company | 1 | 12.5% | $842K |
States where Goosehead Insurance units are bought
The purchase agreement decides what you bought, not the loan approval.
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Questions buyers ask
How much do buyers borrow to buy a Goosehead Insurance franchise?
The median SBA 7(a) loan for a Goosehead Insurance resale was $400,000 across 8 loans (FY2018 to FY2026). The middle half of loans ran from $243,750 to $641,750. 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 Goosehead Insurance acquisitions?
Live Oak Banking Company has made the most SBA acquisition loans for Goosehead Insurance (5, 63% of the total). Capital Bank, National Association, First-Citizens Bank & Trust Company follow.
What interest rate and term do Goosehead Insurance acquisition loans carry?
The average initial rate at approval was 9.63% (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 Goosehead Insurance resale riskier than other SBA-financed acquisitions?
Too few Goosehead Insurance 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 Goosehead Insurance units being bought with SBA loans?
Texas (2), Florida (1), Tennessee (1), Colorado (1), South 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.
Seller note standby terms and third-party consents are reviewed before closing.
Submit Transaction DetailsAlex Lubyansky leads every engagement.
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Related
- All Insurance Agencies and Brokerages acquisitions
- Texas acquisitions
- Florida acquisitions
- Tennessee acquisitions
- Live Oak Banking Company
- Capital Bank, National Association
- First-Citizens Bank & Trust Company
- All franchise brands
Brand name as recorded by lenders in the SBA file: "Goosehead Insurance" (franchise code S0734). Figures are aggregates of public SBA data and are not provided or endorsed by the franchisor.