Janitorial Services acquisitions in Indiana: SBA loan data
Since FY2018, SBA lenders have approved 11 7(a) loans to buy an existing business classified as Janitorial Services in Indiana, totaling $5.1M. The median loan was $240,000. That is 0.9% of the 1,158 acquisition loans in Indiana.
Terms signed in the LOI shape the purchase agreement that follows.
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How this compares
The median Janitorial Services loan in Indiana is 54% lower than the $521,250 median for all Indiana acquisitions, and 35% lower 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 3.1% of seasoned Indiana acquisition loans of any type.
Janitorial Services acquisition loans in Indiana by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 0 | $0 | - | |
| FY2019 | 1 | $88K | $88,000 | |
| FY2020 | 2 | $838K | $419,150 | |
| FY2021 | 3 | $2.7M | $490,000 | |
| FY2022 | 2 | $425K | $212,500 | |
| FY2023 | 0 | $0 | - | |
| FY2024 | 2 | $920K | $460,000 | |
| FY2025 | 0 | $0 | - | |
| FY2026 | 1 | $143K | $143,000 |
How often do these acquisition loans fail?
Fewer than 20 Janitorial Services in Indiana 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 | First Bank Richmond | 3 | 27.3% | $2.5M | |
| 2 | The Huntington National Bank | 2 | 18.2% | $920K | |
| 3 | CIBC Bank USA | 1 | 9.1% | $733K | |
| 4 | Beacon Bank and Trust | 1 | 9.1% | $400K | |
| 5 | First Internet Bank of Indiana | 1 | 9.1% | $185K |
Top franchise brands
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | The Cleaning Authority | 1 | 9.1% | $733K | |
| 2 | ServiceMaster | 1 | 9.1% | $105K | |
| 3 | Hoodz | 1 | 9.1% | $88K |
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 Indiana run?
The median SBA 7(a) loan was $240,000 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 Indiana?
First Bank Richmond (3), The Huntington National Bank (2), CIBC Bank USA (1), Beacon Bank and Trust (1), First Internet Bank of Indiana (1).
How often do Janitorial Services acquisition loans fail in Indiana?
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 Indiana?
3 of the 11 loans (27%) involved a franchise brand, most often The Cleaning Authority (1).
Seller note standby terms and third-party consents are reviewed before closing.
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Related
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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.