Buying a Home Helpers Home Care franchise: SBA acquisition loan data
Since FY2018, SBA lenders have approved 15 7(a) loans to buy an existing Home Helpers Home Care (classified mostly as Home Health Care Services), totaling $15.1M. The median loan was $700,000, 8% higher than the $645,250 median for all SBA-financed acquisitions. 5 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 Home Helpers Home Care resale loans landed between $286,700 and $1,534,000.
- Lender experience exists. Live Oak Banking Company alone has financed 3 Home Helpers Home 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 a Home Helpers Home Care resale
The median SBA 7(a) loan for a Home Helpers Home Care resale was $700,000 across 15 loans (FY2018 to FY2026). Live Oak Banking Company, Byline Bank and Associated Bank National Association have financed the most Home Helpers Home 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%.
Home Helpers Home Care acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 3 | $1.1M | $230,000 | |
| FY2019 | 2 | $2.9M | $1,471,000 | |
| FY2020 | 1 | $371K | $370,500 | |
| FY2021 | 2 | $543K | $271,700 | |
| FY2022 | 0 | $0 | - | |
| FY2023 | 1 | $840K | $840,000 | |
| FY2024 | 1 | $520K | $520,000 | |
| FY2025 | 0 | $0 | - | |
| FY2026 | 5 | $8.8M | $1,970,000 |
How often do these acquisition loans fail?
Fewer than 20 Home Helpers Home 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.
Terms signed in the LOI shape the purchase agreement that follows.
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Lenders financing Home Helpers Home Care resales
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Live Oak Banking Company | 3 | 20.0% | $3M | |
| 2 | Byline Bank | 2 | 13.3% | $2.5M | |
| 3 | Associated Bank National Association | 1 | 6.7% | $3.4M | |
| 4 | Banc of California | 1 | 6.7% | $2.2M | |
| 5 | The Bank of Houston | 1 | 6.7% | $1.1M | |
| 6 | First Internet Bank of Indiana | 1 | 6.7% | $840K | |
| 7 | Simmons Bank | 1 | 6.7% | $725K | |
| 8 | Oconee State Bank | 1 | 6.7% | $371K | |
| 9 | The Huntington National Bank | 1 | 6.7% | $343K | |
| 10 | Prosperity Bank | 1 | 6.7% | $230K |
States where Home Helpers Home Care units are bought
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Illinois | 3 | 20.0% | $2.8M | |
| 2 | Indiana | 2 | 13.3% | $2.3M | |
| 3 | North Carolina | 2 | 13.3% | $571K | |
| 4 | Texas | 2 | 13.3% | $355K | |
| 5 | North Dakota | 1 | 6.7% | $3.4M | |
| 6 | California | 1 | 6.7% | $2.2M | |
| 7 | Missouri | 1 | 6.7% | $1.1M | |
| 8 | Connecticut | 1 | 6.7% | $840K | |
| 9 | Arkansas | 1 | 6.7% | $725K | |
| 10 | Virginia | 1 | 6.7% | $700K |
The purchase agreement decides what you bought, not the loan approval.
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How lenders classify Home Helpers Home Care
Lenders code each loan to a NAICS industry. For Home Helpers Home Care the codes used were:
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Home Health Care Services | 10 | 66.7% | $10.4M | |
| 2 | Other Individual and Family Services | 2 | 13.3% | $2.5M | |
| 3 | Services for the Elderly and Persons with Disabilities | 2 | 13.3% | $1.5M | |
| 4 | All Other Personal Services | 1 | 6.7% | $725K |
Questions buyers ask
How much do buyers borrow to buy a Home Helpers Home Care franchise?
The median SBA 7(a) loan for a Home Helpers Home Care resale was $700,000 across 15 loans (FY2018 to FY2026). The middle half of loans ran from $286,700 to $1,534,000. 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 Home Helpers Home Care acquisitions?
Live Oak Banking Company has made the most SBA acquisition loans for Home Helpers Home Care (3, 20% of the total). Byline Bank, Associated Bank National Association, Banc of California follow.
What interest rate and term do Home Helpers Home Care acquisition loans carry?
The average initial rate at approval was 7.98% (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 Home Helpers Home Care resale riskier than other SBA-financed acquisitions?
Too few Home Helpers Home 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 Home Helpers Home Care units being bought with SBA loans?
Illinois (3), Indiana (2), North Carolina (2), Texas (2), North Dakota (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 Home Health Care Services acquisitions
- Illinois acquisitions
- Indiana acquisitions
- North Carolina acquisitions
- Live Oak Banking Company
- Byline Bank
- Associated Bank National Association
- All franchise brands
Brand name as recorded by lenders in the SBA file: "Home Helpers Home Care" (franchise code S0810). Figures are aggregates of public SBA data and are not provided or endorsed by the franchisor.