Other Individual and Family Services: SBA business acquisition loan data
32 SBA 7(a) loans since FY2018 financed the purchase of an existing business classified as Other Individual and Family Services (NAICS 624190), totaling $27.6M. Median loan $557,500, 14% lower than the all-acquisition median. 22% of these deals were franchised units.
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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 $1,091,000 would be in the top quarter of SBA acquisition loans in this industry.
- Share of all acquisitions. This industry is 0.1% of all SBA-financed business purchases, ranking #216 of 300 industries tracked.
- Geography. Colorado leads with 4 loans; the top five states account for 47% of the industry's acquisitions.
- Jobs. Lenders reported 799 jobs supported across these loans, about 25.0 per acquisition, a rough proxy for the size of business changing hands.
Other Individual and Family Services acquisitions by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 2 | $665K | $332,500 | |
| FY2019 | 2 | $2.3M | $1,154,000 | |
| FY2020 | 5 | $4.5M | $831,600 | |
| FY2021 | 4 | $1.9M | $547,500 | |
| FY2022 | 5 | $6.5M | $233,100 | |
| FY2023 | 2 | $1.9M | $972,500 | |
| FY2024 | 5 | $1.1M | $150,000 | |
| FY2025 | 3 | $1.5M | $150,000 | |
| FY2026 | 4 | $7.1M | $2,003,800 |
How often do these acquisition loans fail?
Fewer than 20 Other Individual and Family Services 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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Top states
Most active lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Live Oak Banking Company | 4 | 12.5% | $2.2M | |
| 2 | Byline Bank | 3 | 9.4% | $3.5M | |
| 3 | The Huntington National Bank | 3 | 9.4% | $2.2M | |
| 4 | Nicolet National Bank | 2 | 6.3% | $2.4M | |
| 5 | Wells Fargo Bank National Association | 2 | 6.3% | $2.3M | |
| 6 | U.S. Bank, National Association | 2 | 6.3% | $423K | |
| 7 | OakStar Bank | 2 | 6.3% | $300K | |
| 8 | BankVista | 2 | 6.3% | $248K | |
| 9 | Gulf Coast Bank and Trust Company | 1 | 3.1% | $3.4M | |
| 10 | Beacon Bank and Trust | 1 | 3.1% | $2.7M |
Terms signed in the LOI shape the purchase agreement that follows.
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Franchise brands in Other Individual and Family Services
22% of acquisition loans in this industry involved a franchised unit. Brands with the most SBA-financed resales:
| # | Brand | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | CarePatrol | 3 | 42.9% | $2.6M | |
| 2 | Home Helpers Home Care | 2 | 28.6% | $2.5M | |
| 3 | Home Instead | 2 | 28.6% | $1.1M |
Questions buyers ask
How much is a typical SBA loan to buy a business in Other Individual and Family Services?
Median $557,500 across 32 acquisition loans (FY2018 to FY2026); the middle half ran $150,000 to $1,091,000. That is 14% lower than the $645,250 median for all SBA-financed acquisitions.
Which lenders finance the most Other Individual and Family Services acquisitions?
Live Oak Banking Company (4), Byline Bank (3), The Huntington National Bank (3), Nicolet National Bank (2), Wells Fargo Bank National Association (2).
Are businesses in Other Individual and Family Services often franchised?
Yes, often. 22% of SBA acquisition loans in this industry financed a franchised unit. Top brands: CarePatrol, Home Helpers Home Care, Home Instead.
How risky are SBA loans for buying a business in Other Individual and Family Services?
Too few loans are old enough to measure for this industry. The all-acquisition benchmark is 3.5%.
What loan terms are common for Other Individual and Family Services acquisitions?
Median term 10 years, average initial rate 7.73% 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.
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