Janitorial Services acquisitions in New York: SBA loan data
Since FY2018, SBA lenders have approved 15 7(a) loans to buy an existing business classified as Janitorial Services in New York, totaling $9.5M. The median loan was $263,500. That is 1.0% of the 1,530 acquisition loans in New York.
Seller note standby terms and third-party consents are reviewed before closing.
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How this compares
The median Janitorial Services loan in New York is 54% lower than the $577,500 median for all New York acquisitions, and 29% 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 2.7% of seasoned New York acquisition loans of any type.
Janitorial Services acquisition loans in New York by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 0 | $0 | - | |
| FY2019 | 2 | $189K | $94,500 | |
| FY2020 | 0 | $0 | - | |
| FY2021 | 0 | $0 | - | |
| FY2022 | 2 | $433K | $216,500 | |
| FY2023 | 4 | $2.1M | $194,600 | |
| FY2024 | 1 | $3.5M | $3,487,000 | |
| FY2025 | 1 | $632K | $631,800 | |
| FY2026 | 5 | $2.7M | $628,000 |
How often do these acquisition loans fail?
Fewer than 20 Janitorial Services in New York 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.
Seller note standby terms and third-party consents are reviewed before closing.
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Top lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Manufacturers and Traders Trust Company | 6 | 40.0% | $2M | |
| 2 | First Bank | 2 | 13.3% | $1.7M | |
| 3 | Seacoast National Bank | 1 | 6.7% | $3.5M | |
| 4 | TowneBank | 1 | 6.7% | $1.1M | |
| 5 | Colony Bank | 1 | 6.7% | $632K |
Top franchise brands
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Servpro | 1 | 6.7% | $3.5M | |
| 2 | Merry Maids | 1 | 6.7% | $632K |
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Questions buyers ask
How much do SBA loans for Janitorial Services acquisitions in New York run?
The median SBA 7(a) loan was $263,500 across 15 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 New York?
Manufacturers and Traders Trust Company (6), First Bank (2), Seacoast National Bank (1), TowneBank (1), Colony Bank (1).
How often do Janitorial Services acquisition loans fail in New York?
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 New York?
4 of the 15 loans (27%) involved a franchise brand, most often Servpro (1).
That draft favors the seller. We review it for the buyer, line by line.
Submit Transaction DetailsAlex Lubyansky leads every engagement.
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Related
- All New York acquisitions
- Janitorial Services nationally
- Janitorial Services in Florida
- Janitorial Services in Colorado
- Janitorial Services in Ohio
- Janitorial Services in Minnesota
- Janitorial Services in Massachusetts
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Small samples move a lot: each loan in this combination is 7% of the count. Industry is the NAICS code the lender recorded. See the methodology.