Janitorial Services: SBA business acquisition loan data
435 SBA 7(a) loans since FY2018 financed the purchase of an existing business classified as Janitorial Services (NAICS 561720), totaling $252M. Median loan $369,700, 43% lower than the all-acquisition median. Annual volume rose 27% from FY2024 to FY2026. 29% of these deals were franchised units.
The purchase agreement decides what you bought, not the loan approval.
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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 $736,000 would be in the top quarter of SBA acquisition loans in this industry.
- Share of all acquisitions. This industry is 0.9% of all SBA-financed business purchases, ranking #23 of 300 industries tracked.
- Geography. Florida leads with 44 loans; the top five states account for 34% of the industry's acquisitions.
- Jobs. Lenders reported 9,777 jobs supported across these loans, about 22.5 per acquisition, a rough proxy for the size of business changing hands.
Janitorial Services acquisitions by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 34 | $14.6M | $292,750 | |
| FY2019 | 43 | $25.6M | $336,000 | |
| FY2020 | 36 | $22.3M | $445,850 | |
| FY2021 | 41 | $26M | $352,000 | |
| FY2022 | 45 | $28.9M | $350,000 | |
| FY2023 | 57 | $34.5M | $432,000 | |
| FY2024 | 51 | $26.4M | $307,800 | |
| FY2025 | 63 | $41.5M | $546,000 | |
| FY2026 | 65 | $32.9M | $350,000 |
How often do these acquisition loans fail?
Of the 154 Janitorial 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 2.6% by loan count and 4.8% by dollars. 80 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 Janitorial Services is 26% lower 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.
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Top states
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Florida | 44 | 10.1% | $17.6M | |
| 2 | California | 39 | 9.0% | $25.7M | |
| 3 | Texas | 25 | 5.7% | $17.9M | |
| 4 | Colorado | 22 | 5.1% | $12.4M | |
| 5 | Ohio | 19 | 4.4% | $12.4M | |
| 6 | Minnesota | 19 | 4.4% | $6.9M | |
| 7 | Illinois | 18 | 4.1% | $13.4M | |
| 8 | North Carolina | 16 | 3.7% | $7.6M | |
| 9 | New York | 15 | 3.4% | $9.5M | |
| 10 | Massachusetts | 14 | 3.2% | $10.1M |
Most active lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Live Oak Banking Company | 47 | 10.8% | $30.5M | |
| 2 | The Huntington National Bank | 39 | 9.0% | $15.5M | |
| 3 | Stearns Bank National Association | 13 | 3.0% | $3M | |
| 4 | Customers Bank | 10 | 2.3% | $5.9M | |
| 5 | Wells Fargo Bank National Association | 9 | 2.1% | $7.8M | |
| 6 | Manufacturers and Traders Trust Company | 9 | 2.1% | $5.9M | |
| 7 | BayFirst National Bank | 9 | 2.1% | $4.1M | |
| 8 | First Internet Bank of Indiana | 8 | 1.8% | $6.3M | |
| 9 | First Bank | 7 | 1.6% | $3.8M | |
| 10 | Old National Bank | 7 | 1.6% | $3M |
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Franchise brands in Janitorial Services
29% of acquisition loans in this industry involved a franchised unit. Brands with the most SBA-financed resales:
| # | Brand | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Merry Maids | 18 | 14.4% | $9.7M | |
| 2 | ServiceMaster | 15 | 12.0% | $10.2M | |
| 3 | Molly Maid | 15 | 12.0% | $6.9M | |
| 4 | The Cleaning Authority | 11 | 8.8% | $6.3M | |
| 5 | Servpro | 10 | 8.0% | $6.1M | |
| 6 | The Maids | 6 | 4.8% | $5.3M | |
| 7 | Fish Window Cleaning Services | 5 | 4.0% | $2.8M | |
| 8 | Enviro-Master Services | 5 | 4.0% | $1.8M | |
| 9 | Hoodz | 4 | 3.2% | $2M | |
| 10 | Filta Environmental Kitchen Solutions | 2 | 1.6% | $2M | |
| 11 | System4 | 1 | 0.8% | $1.1M |
Questions buyers ask
How much is a typical SBA loan to buy a business in Janitorial Services?
Median $369,700 across 435 acquisition loans (FY2018 to FY2026); the middle half ran $200,000 to $736,000. That is 43% lower than the $645,250 median for all SBA-financed acquisitions.
Which lenders finance the most Janitorial Services acquisitions?
Live Oak Banking Company (47), The Huntington National Bank (39), Stearns Bank National Association (13), Customers Bank (10), Wells Fargo Bank National Association (9).
Are businesses in Janitorial Services often franchised?
Yes, often. 29% of SBA acquisition loans in this industry financed a franchised unit. Top brands: Merry Maids, ServiceMaster, Molly Maid, The Cleaning Authority, Servpro.
How risky are SBA loans for buying a business in Janitorial Services?
Of 154 seasoned loans (FY2018 to FY2021), 2.6% charged off, 26% lower than the 3.5% benchmark for all SBA acquisition loans.
What loan terms are common for Janitorial Services acquisitions?
Median term 10 years, average initial rate 8.20% at approval (blended across years and fixed/variable structures). Terms longer than 10 years usually indicate real estate was included in the purchase.
The purchase agreement decides what you bought, not the loan approval.
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