Buying a Maids franchise: SBA acquisition loan data
Since FY2018, SBA lenders have approved 7 7(a) loans to buy an existing Maids (classified mostly as Janitorial Services), totaling $5.7M. The median loan was $430,500, 33% lower than the $645,250 median for all SBA-financed acquisitions. 3 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 The Maids resale loans landed between $311,000 and $845,000.
- Lender experience exists. Readycap Lending, LLC alone has financed 2 The Maids 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 Maids resale
The median SBA 7(a) loan for a Maids resale was $430,500 across 7 loans (FY2018 to FY2026). Readycap Lending, LLC, First Guaranty Bank and The Huntington National Bank have financed the most The Maids 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%.
The Maids acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 1 | $245K | $245,000 | |
| FY2019 | 2 | $3.1M | $1,564,000 | |
| FY2020 | 0 | $0 | - | |
| FY2021 | 0 | $0 | - | |
| FY2022 | 0 | $0 | - | |
| FY2023 | 0 | $0 | - | |
| FY2024 | 1 | $772K | $772,000 | |
| FY2025 | 2 | $1.3M | $634,000 | |
| FY2026 | 1 | $272K | $272,000 |
How often do these acquisition loans fail?
Fewer than 20 The Maids 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 The Maids resales
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Readycap Lending, LLC | 2 | 28.6% | $622K | |
| 2 | First Guaranty Bank | 1 | 14.3% | $2.7M | |
| 3 | The Huntington National Bank | 1 | 14.3% | $918K | |
| 4 | 22nd State Bank, A Division of 22nd State Banking Company | 1 | 14.3% | $772K | |
| 5 | Wells Fargo Bank National Association | 1 | 14.3% | $431K | |
| 6 | CRF Small Business Loan Company, LLC | 1 | 14.3% | $245K |
States where The Maids units are bought
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Texas | 2 | 28.6% | $622K | |
| 2 | Alabama | 1 | 14.3% | $2.7M | |
| 3 | California | 1 | 14.3% | $918K | |
| 4 | New Jersey | 1 | 14.3% | $772K | |
| 5 | Massachusetts | 1 | 14.3% | $431K | |
| 6 | Illinois | 1 | 14.3% | $245K |
Terms signed in the LOI shape the purchase agreement that follows.
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How lenders classify The Maids
Lenders code each loan to a NAICS industry. For The Maids the codes used were:
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Janitorial Services | 6 | 85.7% | $5.3M | |
| 2 | All Other Personal Services | 1 | 14.3% | $431K |
Questions buyers ask
How much do buyers borrow to buy a Maids franchise?
The median SBA 7(a) loan for a Maids resale was $430,500 across 7 loans (FY2018 to FY2026). The middle half of loans ran from $311,000 to $845,000. 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 The Maids acquisitions?
Readycap Lending, LLC has made the most SBA acquisition loans for The Maids (2, 29% of the total). First Guaranty Bank, The Huntington National Bank, 22nd State Bank, A Division of 22nd State Banking Company follow.
What interest rate and term do The Maids acquisition loans carry?
The average initial rate at approval was 8.97% (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 Maids resale riskier than other SBA-financed acquisitions?
Too few The Maids 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 The Maids units being bought with SBA loans?
Texas (2), Alabama (1), California (1), New Jersey (1), Massachusetts (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 Janitorial Services acquisitions
- Texas acquisitions
- Alabama acquisitions
- California acquisitions
- Readycap Lending, LLC
- The Huntington National Bank
- 22nd State Bank, A Division of 22nd State Banking Company
- All franchise brands
Brand name as recorded by lenders in the SBA file: "The Maids" (franchise code S1771). Figures are aggregates of public SBA data and are not provided or endorsed by the franchisor.