Carpet and Upholstery Cleaning Services: SBA business acquisition loan data
90 SBA 7(a) loans since FY2018 financed the purchase of an existing business classified as Carpet and Upholstery Cleaning Services (NAICS 561740), totaling $59.3M. Median loan $336,750, 48% lower than the all-acquisition median. 30% of these deals were franchised units.
The purchase agreement decides what you bought, not the loan approval.
Request Engagement AssessmentAlex Lubyansky leads every engagement.
Reading this industry's numbers
- Deal size. The loan excludes the buyer's equity and any seller note and may include working capital. A loan request far above $940,875 would be in the top quarter of SBA acquisition loans in this industry.
- Share of all acquisitions. This industry is 0.2% of all SBA-financed business purchases, ranking #108 of 300 industries tracked.
- Geography. California leads with 7 loans; the top five states account for 34% of the industry's acquisitions.
- Jobs. Lenders reported 900 jobs supported across these loans, about 10.0 per acquisition, a rough proxy for the size of business changing hands.
Carpet and Upholstery Cleaning Services acquisitions by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 4 | $1.3M | $272,250 | |
| FY2019 | 4 | $928K | $237,000 | |
| FY2020 | 11 | $9.4M | $590,000 | |
| FY2021 | 12 | $12.7M | $698,000 | |
| FY2022 | 11 | $5.6M | $299,200 | |
| FY2023 | 7 | $5M | $601,200 | |
| FY2024 | 10 | $7.3M | $531,000 | |
| FY2025 | 22 | $9.7M | $200,900 | |
| FY2026 | 9 | $7.3M | $550,000 |
How often do these acquisition loans fail?
Of the 31 Carpet and Upholstery Cleaning Services acquisition loans approved from FY2018 to FY2021 (the seasoned cohort, every loan at least about five years old), 4 have been charged off by the SBA, a rate of 12.9% by loan count and 5.8% by dollars. 16 have already been paid in full.
For comparison, the charge-off rate across all SBA 7(a) acquisition loans in the same cohort is 3.5%, so Carpet and Upholstery Cleaning Services is 266% higher than the acquisition-loan average. 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.
Top states
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | California | 7 | 7.8% | $4.4M | |
| 2 | Pennsylvania | 6 | 6.7% | $7.5M | |
| 3 | Florida | 6 | 6.7% | $6.8M | |
| 4 | Colorado | 6 | 6.7% | $4.4M | |
| 5 | Washington | 6 | 6.7% | $1.4M | |
| 6 | Wisconsin | 5 | 5.6% | $2.2M | |
| 7 | North Carolina | 4 | 4.4% | $3.6M | |
| 8 | Alabama | 4 | 4.4% | $2.1M | |
| 9 | Illinois | 4 | 4.4% | $2M | |
| 10 | Michigan | 4 | 4.4% | $1.5M |
Most active lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Live Oak Banking Company | 13 | 14.4% | $9.8M | |
| 2 | The Bancorp Bank National Association | 4 | 4.4% | $2.8M | |
| 3 | Wells Fargo Bank National Association | 4 | 4.4% | $1.5M | |
| 4 | U.S. Bank, National Association | 3 | 3.3% | $2.5M | |
| 5 | Oxford Bank | 3 | 3.3% | $1.3M | |
| 6 | Meridian Bank | 2 | 2.2% | $6.2M | |
| 7 | Regions Bank | 2 | 2.2% | $2.7M | |
| 8 | TowneBank | 2 | 2.2% | $1.9M | |
| 9 | First Internet Bank of Indiana | 2 | 2.2% | $1.6M | |
| 10 | Columbia Bank | 2 | 2.2% | $1.4M |
Terms signed in the LOI shape the purchase agreement that follows.
Request Engagement AssessmentFree consultation. All 50 states.
Franchise brands in Carpet and Upholstery Cleaning Services
30% of acquisition loans in this industry involved a franchised unit. Brands with the most SBA-financed resales:
| # | Brand | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Servpro | 10 | 37.0% | $14.6M | |
| 2 | ServiceMaster | 2 | 7.4% | $1.3M | |
| 3 | PuroClean | 1 | 3.7% | $1.1M | |
| 4 | CRDN | 1 | 3.7% | $885K | |
| 5 | Rainbow Restoration | 1 | 3.7% | $315K |
Questions buyers ask
How much is a typical SBA loan to buy a business in Carpet and Upholstery Cleaning Services?
Median $336,750 across 90 acquisition loans (FY2018 to FY2026); the middle half ran $189,050 to $940,875. That is 48% lower than the $645,250 median for all SBA-financed acquisitions.
Which lenders finance the most Carpet and Upholstery Cleaning Services acquisitions?
Live Oak Banking Company (13), The Bancorp Bank National Association (4), Wells Fargo Bank National Association (4), U.S. Bank, National Association (3), Oxford Bank (3).
Are businesses in Carpet and Upholstery Cleaning Services often franchised?
Yes, often. 30% of SBA acquisition loans in this industry financed a franchised unit. Top brands: Servpro, ServiceMaster, PuroClean, CRDN, Rainbow Restoration.
How risky are SBA loans for buying a business in Carpet and Upholstery Cleaning Services?
Of 31 seasoned loans (FY2018 to FY2021), 12.9% charged off, 266% higher than the 3.5% benchmark for all SBA acquisition loans.
What loan terms are common for Carpet and Upholstery Cleaning Services acquisitions?
Median term 10 years, average initial rate 8.17% at approval (blended across years and fixed/variable structures). Terms longer than 10 years usually indicate real estate was included in the purchase.
Seller note standby terms and third-party consents are reviewed before closing.
Submit Transaction DetailsAlex Lubyansky leads every engagement.
Advertise on this site: lenders, brokers, valuation and insurance firms. See options