Janitorial Services acquisitions in Arizona: SBA loan data
Since FY2018, SBA lenders have approved 11 7(a) loans to buy an existing business classified as Janitorial Services in Arizona, totaling $8.7M. The median loan was $496,000. That is 1.0% of the 1,095 acquisition loans in Arizona.
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How this compares
The median Janitorial Services loan in Arizona is 36% lower than the $770,000 median for all Arizona acquisitions, and 34% higher than the $369,700 median for Janitorial Services acquisitions nationwide (435 loans).
This combination has too few seasoned loans for a reliable charge-off rate. Nationally, 2.6% of seasoned Janitorial Services acquisition loans were charged off, and 3.5% of seasoned Arizona acquisition loans of any type.
Janitorial Services acquisition loans in Arizona by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 2 | $1.2M | $623,500 | |
| FY2019 | 1 | $1.9M | $1,860,000 | |
| FY2020 | 0 | $0 | - | |
| FY2021 | 0 | $0 | - | |
| FY2022 | 2 | $610K | $305,000 | |
| FY2023 | 0 | $0 | - | |
| FY2024 | 3 | $3.5M | $315,000 | |
| FY2025 | 3 | $1.5M | $496,000 | |
| FY2026 | 0 | $0 | - |
How often do these acquisition loans fail?
Fewer than 20 Janitorial Services in Arizona 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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Top lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | St. Louis Bank | 2 | 18.2% | $1.3M | |
| 2 | Evolve Bank and Trust | 2 | 18.2% | $811K | |
| 3 | 22nd State Bank, A Division of 22nd State Banking Company | 1 | 9.1% | $3M | |
| 4 | Live Oak Banking Company | 1 | 9.1% | $1.9M | |
| 5 | T Bank, National Association | 1 | 9.1% | $1.1M |
Top franchise brands
No franchise brands recorded in this combination.
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Questions buyers ask
How much do SBA loans for Janitorial Services acquisitions in Arizona run?
The median SBA 7(a) loan was $496,000 across 11 loans (FY2018 to FY2026). 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 Janitorial Services acquisitions in Arizona?
St. Louis Bank (2), Evolve Bank and Trust (2), 22nd State Bank, A Division of 22nd State Banking Company (1), Live Oak Banking Company (1), T Bank, National Association (1).
How often do Janitorial Services acquisition loans fail in Arizona?
Fewer than 20 loans in this combination are old enough to measure losses reliably, so no rate is shown. The national benchmark for all SBA acquisition loans is 3.5% (FY2018 to FY2021 cohort).
Are franchised businesses part of Janitorial Services acquisitions in Arizona?
None of the 11 loans in this combination were recorded with a franchise brand.
Seller note standby terms and third-party consents are reviewed before closing.
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Related
- All Arizona acquisitions
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Small samples move a lot: each loan in this combination is 9% of the count. Industry is the NAICS code the lender recorded. See the methodology.