Buying a Touching Hearts at Home franchise: SBA acquisition loan data
Since FY2018, SBA lenders have approved 5 7(a) loans to buy an existing Touching Hearts at Home (classified mostly as Home Health Care Services), totaling $3.3M. The median loan was $455,000, 29% lower 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 Touching Hearts at Home resale loans landed between $432,000 and $695,000.
- Lender experience exists. Byline Bank alone has financed 2 Touching Hearts at Home 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 Touching Hearts at Home resale
The median SBA 7(a) loan for a Touching Hearts at Home resale was $455,000 across 5 loans (FY2018 to FY2026). Byline Bank, Zions Bancorporation, National Association and Pathward National Association have financed the most Touching Hearts at Home 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%.
Touching Hearts at Home acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 1 | $455K | $455,000 | |
| FY2019 | 0 | $0 | - | |
| FY2020 | 0 | $0 | - | |
| FY2021 | 0 | $0 | - | |
| FY2022 | 0 | $0 | - | |
| FY2023 | 0 | $0 | - | |
| FY2024 | 0 | $0 | - | |
| FY2025 | 0 | $0 | - | |
| FY2026 | 4 | $2.8M | $563,500 |
How often do these acquisition loans fail?
Fewer than 20 Touching Hearts at Home 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 Touching Hearts at Home resales
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Byline Bank | 2 | 40.0% | $482K | |
| 2 | Zions Bancorporation, National Association | 1 | 20.0% | $1.7M | |
| 3 | Pathward National Association | 1 | 20.0% | $695K | |
| 4 | Arizona Financial Credit Union | 1 | 20.0% | $455K |
States where Touching Hearts at Home units are bought
Terms signed in the LOI shape the purchase agreement that follows.
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How lenders classify Touching Hearts at Home
Lenders code each loan to a NAICS industry. For Touching Hearts at Home the codes used were:
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Home Health Care Services | 3 | 60.0% | $937K | |
| 2 | Services for the Elderly and Persons with Disabilities | 1 | 20.0% | $1.7M | |
| 3 | Nursing Care Facilities (Skilled Nursing Facilities) | 1 | 20.0% | $695K |
Questions buyers ask
How much do buyers borrow to buy a Touching Hearts at Home franchise?
The median SBA 7(a) loan for a Touching Hearts at Home resale was $455,000 across 5 loans (FY2018 to FY2026). The middle half of loans ran from $432,000 to $695,000. 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 Touching Hearts at Home acquisitions?
Byline Bank has made the most SBA acquisition loans for Touching Hearts at Home (2, 40% of the total). Zions Bancorporation, National Association, Pathward National Association, Arizona Financial Credit Union follow.
What interest rate and term do Touching Hearts at Home acquisition loans carry?
The average initial rate at approval was 8.45% (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 Touching Hearts at Home resale riskier than other SBA-financed acquisitions?
Too few Touching Hearts at Home 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 Touching Hearts at Home units being bought with SBA loans?
Texas (2), Tennessee (2), Arizona (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.
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Related
- All Home Health Care Services acquisitions
- Texas acquisitions
- Tennessee acquisitions
- Arizona acquisitions
- Byline Bank
- Zions Bancorporation, National Association
- Pathward National Association
- All franchise brands
Brand name as recorded by lenders in the SBA file: "Touching Hearts at Home" (franchise code S1810). Figures are aggregates of public SBA data and are not provided or endorsed by the franchisor.