Home Health Care Services acquisitions in Minnesota: SBA loan data
Since FY2018, SBA lenders have approved 34 7(a) loans to buy an existing business classified as Home Health Care Services in Minnesota, totaling $32.3M. The median loan was $701,250. That is 1.9% of the 1,778 acquisition loans in Minnesota.
Seller note standby terms and third-party consents are reviewed before closing.
Submit Transaction DetailsSBA-financed deals. All 50 states.
How this compares
The median Home Health Care Services loan in Minnesota is 56% higher than the $450,000 median for all Minnesota acquisitions, and in line with the $700,000 median for Home Health Care Services acquisitions nationwide (649 loans).
This combination has too few seasoned loans for a reliable charge-off rate. Nationally, 1.8% of seasoned Home Health Care Services acquisition loans were charged off, and 3.2% of seasoned Minnesota acquisition loans of any type.
Home Health Care Services acquisition loans in Minnesota by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 1 | $1.3M | $1,294,400 | |
| FY2019 | 0 | $0 | - | |
| FY2020 | 3 | $2.3M | $924,300 | |
| FY2021 | 2 | $1M | $505,500 | |
| FY2022 | 7 | $4.2M | $652,500 | |
| FY2023 | 5 | $3.6M | $496,000 | |
| FY2024 | 5 | $5.4M | $1,300,000 | |
| FY2025 | 9 | $9.9M | $423,000 | |
| FY2026 | 2 | $4.5M | $2,250,000 |
How often do these acquisition loans fail?
Fewer than 20 Home Health Care Services in Minnesota 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.
Request Engagement AssessmentAlex Lubyansky leads every engagement.
Top lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | BankVista | 6 | 17.6% | $4.1M | |
| 2 | Old National Bank | 5 | 14.7% | $6M | |
| 3 | The Huntington National Bank | 4 | 11.8% | $6.3M | |
| 4 | Minnwest Bank | 4 | 11.8% | $5.2M | |
| 5 | Associated Bank National Association | 3 | 8.8% | $1.9M |
Top franchise brands
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Visiting Angels | 3 | 8.8% | $3.8M | |
| 2 | Interim HealthCare | 2 | 5.9% | $4.5M | |
| 3 | Homewatch CareGivers | 2 | 5.9% | $1.6M | |
| 4 | Home Instead | 1 | 2.9% | $376K | |
| 5 | Comfort Keepers | 1 | 2.9% | $135K |
That draft favors the seller. We review it for the buyer, line by line.
Submit Transaction DetailsFree consultation. All 50 states.
Questions buyers ask
How much do SBA loans for Home Health Care Services acquisitions in Minnesota run?
The median SBA 7(a) loan was $701,250 across 34 loans (FY2018 to FY2026), with the middle half between $243,750 and $1,298,600. 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 Home Health Care Services acquisitions in Minnesota?
BankVista (6), Old National Bank (5), The Huntington National Bank (4), Minnwest Bank (4), Associated Bank National Association (3). Some lenders repeatedly finance this industry in this state; the counts above show which.
How often do Home Health Care Services acquisition loans fail in Minnesota?
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 Home Health Care Services acquisitions in Minnesota?
9 of the 34 loans (26%) involved a franchise brand, most often Visiting Angels (3).
Terms signed in the LOI shape the purchase agreement that follows.
Request Engagement AssessmentAlex Lubyansky leads every engagement.
Advertise on this site: lenders, brokers, valuation and insurance firms. See options
Related
- All Minnesota acquisitions
- Financing one? How to get an SBA loan to buy a home health agency
- Home Health Care Services nationally
- Home Health Care Services in Texas
- Home Health Care Services in California
- Home Health Care Services in Florida
- Home Health Care Services in Ohio
- Home Health Care Services in Pennsylvania
- Home Health Care Services in Massachusetts
- Home Health Care Services in Illinois
- Home Health Care Services in Virginia
- Full-Service Restaurants in Minnesota
- Offices of Chiropractors in Minnesota
- Limited-Service Restaurants in Minnesota
- Beer, Wine, and Liquor Retailers in Minnesota
- Couriers and Express Delivery Services in Minnesota
- General Automotive Repair in Minnesota
- All Other Specialty Trade Contractors in Minnesota
- Gasoline Stations with Convenience Stores in Minnesota
Small samples move a lot: each loan in this combination is 3% of the count. Industry is the NAICS code the lender recorded. See the methodology.