Janitorial Services acquisitions in Florida: SBA loan data
Since FY2018, SBA lenders have approved 44 7(a) loans to buy an existing business classified as Janitorial Services in Florida, totaling $17.6M. The median loan was $359,850. That is 1.2% of the 3,624 acquisition loans in Florida.
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How this compares
The median Janitorial Services loan in Florida is 52% lower than the $751,700 median for all Florida acquisitions, and in line with 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 5.7% of seasoned Florida acquisition loans of any type.
Janitorial Services acquisition loans in Florida by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 1 | $465K | $465,000 | |
| FY2019 | 3 | $968K | $383,000 | |
| FY2020 | 6 | $2M | $350,000 | |
| FY2021 | 1 | $850K | $850,000 | |
| FY2022 | 4 | $1.7M | $400,750 | |
| FY2023 | 4 | $2.3M | $560,500 | |
| FY2024 | 4 | $1.4M | $280,500 | |
| FY2025 | 8 | $3.8M | $485,000 | |
| FY2026 | 13 | $4.2M | $180,000 |
How often do these acquisition loans fail?
Fewer than 20 Janitorial Services in Florida 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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Top lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Live Oak Banking Company | 7 | 15.9% | $2.4M | |
| 2 | The Huntington National Bank | 6 | 13.6% | $1.5M | |
| 3 | CRF Small Business Loan Company, LLC | 3 | 6.8% | $737K | |
| 4 | The Fidelity Bank | 2 | 4.5% | $1.3M | |
| 5 | OptimumBank | 2 | 4.5% | $1.3M |
Top franchise brands
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Fish Window Cleaning Services | 3 | 6.8% | $1.9M | |
| 2 | Hoodz | 1 | 2.3% | $937K | |
| 3 | Molly Maid | 1 | 2.3% | $405K | |
| 4 | Enviro-Master Services | 1 | 2.3% | $350K | |
| 5 | The Cleaning Authority | 1 | 2.3% | $215K |
The purchase agreement decides what you bought, not the loan approval.
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Questions buyers ask
How much do SBA loans for Janitorial Services acquisitions in Florida run?
The median SBA 7(a) loan was $359,850 across 44 loans (FY2018 to FY2026), with the middle half between $180,000 and $563,750. 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 Florida?
Live Oak Banking Company (7), The Huntington National Bank (6), CRF Small Business Loan Company, LLC (3), The Fidelity Bank (2), OptimumBank (2). Some lenders repeatedly finance this industry in this state; the counts above show which.
How often do Janitorial Services acquisition loans fail in Florida?
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 Florida?
10 of the 44 loans (23%) involved a franchise brand, most often Fish Window Cleaning Services (3).
The purchase agreement decides what you bought, not the loan approval.
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Related
- All Florida acquisitions
- Janitorial Services nationally
- Janitorial Services in Colorado
- Janitorial Services in Ohio
- Janitorial Services in Minnesota
- Janitorial Services in New York
- Janitorial Services in Massachusetts
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Small samples move a lot: each loan in this combination is 2% of the count. Industry is the NAICS code the lender recorded. See the methodology.