Buying an Interim HealthCare franchise: SBA acquisition loan data
Since FY2018, SBA lenders have approved 9 7(a) loans to buy an existing Interim HealthCare (classified mostly as Home Health Care Services), totaling $14.2M. The median loan was $875,000, 36% higher than the $645,250 median for all SBA-financed acquisitions. 4 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 Interim HealthCare resale loans landed between $309,000 and $3,390,000.
- Lender experience exists. Live Oak Banking Company alone has financed 4 Interim HealthCare 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 an Interim HealthCare resale
The median SBA 7(a) loan for an Interim HealthCare resale was $875,000 across 9 loans (FY2018 to FY2026). Live Oak Banking Company, The Huntington National Bank and Associated Bank National Association have financed the most Interim HealthCare 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%.
Interim HealthCare acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 0 | $0 | - | |
| FY2019 | 1 | $309K | $309,000 | |
| FY2020 | 0 | $0 | - | |
| FY2021 | 2 | $950K | $475,000 | |
| FY2022 | 0 | $0 | - | |
| FY2023 | 2 | $4.7M | $2,362,500 | |
| FY2024 | 0 | $0 | - | |
| FY2025 | 0 | $0 | - | |
| FY2026 | 4 | $8.2M | $1,945,000 |
How often do these acquisition loans fail?
Fewer than 20 Interim HealthCare 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.
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Lenders financing Interim HealthCare resales
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Live Oak Banking Company | 4 | 44.4% | $4.6M | |
| 2 | The Huntington National Bank | 2 | 22.2% | $4.5M | |
| 3 | Associated Bank National Association | 1 | 11.1% | $3.5M | |
| 4 | Byline Bank | 1 | 11.1% | $1.2M | |
| 5 | Meridian Bank | 1 | 11.1% | $309K |
States where Interim HealthCare units are bought
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | California | 3 | 33.3% | $7.2M | |
| 2 | Minnesota | 2 | 22.2% | $4.5M | |
| 3 | Georgia | 2 | 22.2% | $950K | |
| 4 | New Jersey | 1 | 11.1% | $1.2M | |
| 5 | Pennsylvania | 1 | 11.1% | $309K |
That draft favors the seller. We review it for the buyer, line by line.
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Questions buyers ask
How much do buyers borrow to buy an Interim HealthCare franchise?
The median SBA 7(a) loan for an Interim HealthCare resale was $875,000 across 9 loans (FY2018 to FY2026). The middle half of loans ran from $309,000 to $3,390,000. 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 Interim HealthCare acquisitions?
Live Oak Banking Company has made the most SBA acquisition loans for Interim HealthCare (4, 44% of the total). The Huntington National Bank, Associated Bank National Association, Byline Bank follow.
What interest rate and term do Interim HealthCare acquisition loans carry?
The average initial rate at approval was 8.10% (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 Interim HealthCare resale riskier than other SBA-financed acquisitions?
Too few Interim HealthCare 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 Interim HealthCare units being bought with SBA loans?
California (3), Minnesota (2), Georgia (2), New Jersey (1), Pennsylvania (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 Home Health Care Services acquisitions
- California acquisitions
- Minnesota acquisitions
- Georgia acquisitions
- Live Oak Banking Company
- The Huntington National Bank
- Associated Bank National Association
- All franchise brands
Brand name as recorded by lenders in the SBA file: "Interim HealthCare" (franchise code S0869). Figures are aggregates of public SBA data and are not provided or endorsed by the franchisor.