Home Health Care Services acquisitions in Virginia: SBA loan data
Since FY2018, SBA lenders have approved 23 7(a) loans to buy an existing business classified as Home Health Care Services in Virginia, totaling $21.3M. The median loan was $550,000. That is 2.7% of the 849 acquisition loans in Virginia.
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How this compares
The median Home Health Care Services loan in Virginia is 24% lower than the $719,000 median for all Virginia acquisitions, and 21% lower than 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 3.6% of seasoned Virginia acquisition loans of any type.
Home Health Care Services acquisition loans in Virginia by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 2 | $762K | $381,200 | |
| FY2019 | 5 | $2.4M | $596,200 | |
| FY2020 | 2 | $4.4M | $2,190,850 | |
| FY2021 | 4 | $4.4M | $901,000 | |
| FY2022 | 1 | $833K | $833,000 | |
| FY2023 | 4 | $1.5M | $375,600 | |
| FY2024 | 0 | $0 | - | |
| FY2025 | 3 | $2.9M | $529,000 | |
| FY2026 | 2 | $4.3M | $2,150,000 |
How often do these acquisition loans fail?
Fewer than 20 Home Health Care Services in Virginia 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 | Live Oak Banking Company | 6 | 26.1% | $5.2M | |
| 2 | CIBC Bank USA | 6 | 26.1% | $4.7M | |
| 3 | Locus Bank Inc | 2 | 8.7% | $671K | |
| 4 | Truliant FCU | 1 | 4.3% | $4M | |
| 5 | SouthState Bank, National Association | 1 | 4.3% | $1.8M |
Top franchise brands
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Senior Helpers | 5 | 21.7% | $1.5M | |
| 2 | Visiting Angels | 2 | 8.7% | $2.3M | |
| 3 | BrightStar Care | 2 | 8.7% | $2.2M | |
| 4 | Comfort Keepers | 1 | 4.3% | $3.1M | |
| 5 | Right at Home | 1 | 4.3% | $1.3M |
Seller note standby terms and third-party consents are reviewed before closing.
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Questions buyers ask
How much do SBA loans for Home Health Care Services acquisitions in Virginia run?
The median SBA 7(a) loan was $550,000 across 23 loans (FY2018 to FY2026), with the middle half between $288,000 and $1,088,100. 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 Virginia?
Live Oak Banking Company (6), CIBC Bank USA (6), Locus Bank Inc (2), Truliant FCU (1), SouthState Bank, National Association (1). 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 Virginia?
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 Virginia?
13 of the 23 loans (57%) involved a franchise brand, most often Senior Helpers (5).
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Related
- All Virginia acquisitions
- Financing one? How to get an SBA loan to buy a home health agency
- Home Health Care Services nationally
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- Home Health Care Services in California
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- Home Health Care Services in Minnesota
- Home Health Care Services in Ohio
- Home Health Care Services in Pennsylvania
- Home Health Care Services in Massachusetts
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Small samples move a lot: each loan in this combination is 4% of the count. Industry is the NAICS code the lender recorded. See the methodology.