Janitorial Services acquisitions in Ohio: SBA loan data
Since FY2018, SBA lenders have approved 19 7(a) loans to buy an existing business classified as Janitorial Services in Ohio, totaling $12.4M. The median loan was $400,000. That is 1.0% of the 1,821 acquisition loans in Ohio.
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How this compares
The median Janitorial Services loan in Ohio is 27% lower than the $549,000 median for all Ohio acquisitions, and 8% higher 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 1.9% of seasoned Ohio acquisition loans of any type.
Janitorial Services acquisition loans in Ohio by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 0 | $0 | - | |
| FY2019 | 1 | $235K | $235,000 | |
| FY2020 | 1 | $150K | $150,000 | |
| FY2021 | 3 | $3.2M | $653,400 | |
| FY2022 | 4 | $1.6M | $399,000 | |
| FY2023 | 4 | $1.4M | $395,000 | |
| FY2024 | 3 | $2.4M | $657,000 | |
| FY2025 | 0 | $0 | - | |
| FY2026 | 3 | $3.5M | $880,000 |
How often do these acquisition loans fail?
Fewer than 20 Janitorial Services in Ohio 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 | The Huntington National Bank | 4 | 21.1% | $3.4M | |
| 2 | Live Oak Banking Company | 4 | 21.1% | $3M | |
| 3 | Old National Bank | 2 | 10.5% | $1.8M | |
| 4 | BayFirst National Bank | 2 | 10.5% | $1.3M | |
| 5 | KEMBA Financial CU | 2 | 10.5% | $170K |
Top franchise brands
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Molly Maid | 4 | 21.1% | $1.5M | |
| 2 | Fish Window Cleaning Services | 1 | 5.3% | $463K | |
| 3 | ServiceMaster | 1 | 5.3% | $390K |
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Questions buyers ask
How much do SBA loans for Janitorial Services acquisitions in Ohio run?
The median SBA 7(a) loan was $400,000 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 Ohio?
The Huntington National Bank (4), Live Oak Banking Company (4), Old National Bank (2), BayFirst National Bank (2), KEMBA Financial CU (2).
How often do Janitorial Services acquisition loans fail in Ohio?
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 Ohio?
7 of the 19 loans (37%) involved a franchise brand, most often Molly Maid (4).
Terms signed in the LOI shape the purchase agreement that follows.
Request Engagement AssessmentAlex Lubyansky leads every engagement.
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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.