Buying a Hoodz franchise: SBA acquisition loan data
Since FY2018, SBA lenders have approved 5 7(a) loans to buy an existing Hoodz (classified mostly as Janitorial Services), totaling $2.3M. The median loan was $280,000, 57% lower than the $645,250 median for all SBA-financed acquisitions. 2 of these loans were approved in the last two fiscal years.
Seller note standby terms and third-party consents are reviewed before closing.
Submit Transaction DetailsSBA-financed deals. All 50 states.
What this tells a buyer
- Price range to expect. Loan size tracks purchase price. Half of Hoodz resale loans landed between $247,000 and $737,000.
- Lender experience exists. Merchants Bank of Indiana alone has financed 1 Hoodz 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 Hoodz resale
The median SBA 7(a) loan for a Hoodz resale was $280,000 across 5 loans (FY2018 to FY2026). Merchants Bank of Indiana, BayFirst National Bank and Hancock Whitney Bank have financed the most Hoodz 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%.
Hoodz acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 1 | $247K | $247,000 | |
| FY2019 | 1 | $88K | $88,000 | |
| FY2020 | 0 | $0 | - | |
| FY2021 | 0 | $0 | - | |
| FY2022 | 0 | $0 | - | |
| FY2023 | 1 | $937K | $937,300 | |
| FY2024 | 0 | $0 | - | |
| FY2025 | 1 | $737K | $737,000 | |
| FY2026 | 1 | $280K | $280,000 |
How often do these acquisition loans fail?
Fewer than 20 Hoodz 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.
Seller note standby terms and third-party consents are reviewed before closing.
Submit Transaction DetailsAlex Lubyansky leads every engagement.
Lenders financing Hoodz resales
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Merchants Bank of Indiana | 1 | 20.0% | $937K | |
| 2 | BayFirst National Bank | 1 | 20.0% | $737K | |
| 3 | Hancock Whitney Bank | 1 | 20.0% | $280K | |
| 4 | Busey Bank | 1 | 20.0% | $247K | |
| 5 | Stearns Bank National Association | 1 | 20.0% | $88K |
States where Hoodz units are bought
The purchase agreement decides what you bought, not the loan approval.
Request Engagement AssessmentAlex Lubyansky leads every engagement.
How lenders classify Hoodz
Lenders code each loan to a NAICS industry. For Hoodz the codes used were:
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Janitorial Services | 4 | 80.0% | $2M | |
| 2 | Other Services to Buildings and Dwellings | 1 | 20.0% | $280K |
Questions buyers ask
How much do buyers borrow to buy a Hoodz franchise?
The median SBA 7(a) loan for a Hoodz resale was $280,000 across 5 loans (FY2018 to FY2026). The middle half of loans ran from $247,000 to $737,000. 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 Hoodz acquisitions?
Merchants Bank of Indiana has made the most SBA acquisition loans for Hoodz (1, 20% of the total). BayFirst National Bank, Hancock Whitney Bank, Busey Bank follow.
What interest rate and term do Hoodz acquisition loans carry?
The average initial rate at approval was 8.95% (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 Hoodz resale riskier than other SBA-financed acquisitions?
Too few Hoodz 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 Hoodz units being bought with SBA loans?
Missouri (2), Florida (1), Louisiana (1), Indiana (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.
The purchase agreement decides what you bought, not the loan approval.
Request Engagement AssessmentAll 50 states. Free consultation.
Advertise on this site: lenders, brokers, valuation and insurance firms. See options
Related
- All Janitorial Services acquisitions
- Missouri acquisitions
- Florida acquisitions
- Louisiana acquisitions
- Merchants Bank of Indiana
- BayFirst National Bank
- Hancock Whitney Bank
- All franchise brands
Brand name as recorded by lenders in the SBA file: "Hoodz" (franchise code S0773). Figures are aggregates of public SBA data and are not provided or endorsed by the franchisor.