Buying a Senior Helpers franchise: SBA acquisition loan data
Since FY2018, SBA lenders have approved 37 7(a) loans to buy an existing Senior Helpers (classified mostly as Home Health Care Services), totaling $21.7M. The median loan was $456,000, 29% lower than the $645,250 median for all SBA-financed acquisitions. 8 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 Senior Helpers resale loans landed between $150,000 and $784,000.
- Lender experience exists. CIBC Bank USA alone has financed 18 Senior Helpers resales.
- Guaranty. The SBA guaranteed 76% of the dollars lent here.
- What the file leaves out. The SBA file does not record franchisor transfer terms or fees.
Financing a Senior Helpers resale
The median SBA 7(a) loan for a Senior Helpers resale was $456,000 across 37 loans (FY2018 to FY2026). CIBC Bank USA, Live Oak Banking Company and Manufacturers and Traders Trust Company have financed the most Senior Helpers 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%.
Senior Helpers acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 1 | $212K | $212,400 | |
| FY2019 | 0 | $0 | - | |
| FY2020 | 4 | $3.7M | $1,097,250 | |
| FY2021 | 6 | $3.3M | $466,450 | |
| FY2022 | 4 | $1.1M | $237,500 | |
| FY2023 | 10 | $4.7M | $375,600 | |
| FY2024 | 4 | $2.3M | $412,350 | |
| FY2025 | 3 | $909K | $280,000 | |
| FY2026 | 5 | $5.5M | $750,000 |
How often do these acquisition loans fail?
Fewer than 20 Senior Helpers 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 Senior Helpers resales
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | CIBC Bank USA | 18 | 48.6% | $8.1M | |
| 2 | Live Oak Banking Company | 6 | 16.2% | $4.1M | |
| 3 | Manufacturers and Traders Trust Company | 2 | 5.4% | $1.5M | |
| 4 | Northwest Bank | 2 | 5.4% | $834K | |
| 5 | Community Financial Services Bank | 2 | 5.4% | $380K | |
| 6 | Associated Bank National Association | 1 | 2.7% | $2.5M | |
| 7 | First Financial Bank | 1 | 2.7% | $1.4M | |
| 8 | Happen Bank | 1 | 2.7% | $1.1M | |
| 9 | Byline Bank | 1 | 2.7% | $675K | |
| 10 | U.S. Bank, National Association | 1 | 2.7% | $477K |
States where Senior Helpers units are bought
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Texas | 5 | 13.5% | $2.8M | |
| 2 | Virginia | 5 | 13.5% | $1.5M | |
| 3 | Georgia | 4 | 10.8% | $2.2M | |
| 4 | Kentucky | 4 | 10.8% | $705K | |
| 5 | California | 3 | 8.1% | $1.3M | |
| 6 | South Carolina | 2 | 5.4% | $3.1M | |
| 7 | Maryland | 2 | 5.4% | $1.5M | |
| 8 | Nevada | 2 | 5.4% | $1.2M | |
| 9 | Massachusetts | 2 | 5.4% | $1.2M | |
| 10 | Indiana | 2 | 5.4% | $834K |
Seller note standby terms and third-party consents are reviewed before closing.
Submit Transaction DetailsSBA-financed deals. All 50 states.
How lenders classify Senior Helpers
Lenders code each loan to a NAICS industry. For Senior Helpers the codes used were:
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Home Health Care Services | 31 | 83.8% | $17.4M | |
| 2 | Other Personal Care Services | 3 | 8.1% | $610K | |
| 3 | Services for the Elderly and Persons with Disabilities | 2 | 5.4% | $3.3M | |
| 4 | All Other Miscellaneous Ambulatory Health Care Services | 1 | 2.7% | $315K |
Questions buyers ask
How much do buyers borrow to buy a Senior Helpers franchise?
The median SBA 7(a) loan for a Senior Helpers resale was $456,000 across 37 loans (FY2018 to FY2026). The middle half of loans ran from $150,000 to $784,000. 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 Senior Helpers acquisitions?
CIBC Bank USA has made the most SBA acquisition loans for Senior Helpers (18, 49% of the total). Live Oak Banking Company, Manufacturers and Traders Trust Company, Northwest Bank follow.
What interest rate and term do Senior Helpers acquisition loans carry?
The average initial rate at approval was 8.38% (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 Senior Helpers resale riskier than other SBA-financed acquisitions?
Too few Senior Helpers 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 Senior Helpers units being bought with SBA loans?
Texas (5), Virginia (5), Georgia (4), Kentucky (4), California (3). 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.
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Related
- All Home Health Care Services acquisitions
- Texas acquisitions
- Virginia acquisitions
- Georgia acquisitions
- CIBC Bank USA
- Live Oak Banking Company
- Manufacturers and Traders Trust Company
- All franchise brands
Brand name as recorded by lenders in the SBA file: "Senior Helpers" (franchise code S1547). Figures are aggregates of public SBA data and are not provided or endorsed by the franchisor.