Janitorial Services acquisitions in Minnesota: SBA loan data
Since FY2018, SBA lenders have approved 19 7(a) loans to buy an existing business classified as Janitorial Services in Minnesota, totaling $6.9M. The median loan was $271,800. That is 1.1% of the 1,778 acquisition loans in Minnesota.
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How this compares
The median Janitorial Services loan in Minnesota is 40% lower than the $450,000 median for all Minnesota acquisitions, and 26% 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 3.2% of seasoned Minnesota acquisition loans of any type.
Janitorial Services acquisition loans in Minnesota by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 0 | $0 | - | |
| FY2019 | 0 | $0 | - | |
| FY2020 | 0 | $0 | - | |
| FY2021 | 6 | $2.3M | $296,600 | |
| FY2022 | 1 | $419K | $418,500 | |
| FY2023 | 2 | $412K | $206,000 | |
| FY2024 | 2 | $302K | $150,900 | |
| FY2025 | 5 | $1.9M | $486,700 | |
| FY2026 | 3 | $1.6M | $702,100 |
How often do these acquisition loans fail?
Fewer than 20 Janitorial 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.
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Top lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | BankVista | 5 | 26.3% | $2.1M | |
| 2 | Scale Bank | 3 | 15.8% | $864K | |
| 3 | The Huntington National Bank | 2 | 10.5% | $852K | |
| 4 | Old National Bank | 2 | 10.5% | $527K | |
| 5 | Village Bank | 2 | 10.5% | $412K |
Top franchise brands
No franchise brands recorded in this combination.
The purchase agreement decides what you bought, not the loan approval.
Request Engagement AssessmentAlex Lubyansky leads every engagement.
Questions buyers ask
How much do SBA loans for Janitorial Services acquisitions in Minnesota run?
The median SBA 7(a) loan was $271,800 across 19 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 Minnesota?
BankVista (5), Scale Bank (3), The Huntington National Bank (2), Old National Bank (2), Village Bank (2).
How often do Janitorial 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 Janitorial Services acquisitions in Minnesota?
1 of the 19 loans (5%) involved a franchise brand.
The purchase agreement decides what you bought, not the loan approval.
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Related
- All Minnesota acquisitions
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Small samples move a lot: each loan in this combination is 5% of the count. Industry is the NAICS code the lender recorded. See the methodology.