SBA loans to Homewatch CareGivers franchises

Approvals SBA files under the brand's franchise code. The loans are to independent franchise owners; this page describes the brand in aggregate and no franchisee.

SBA approvals by fiscal year. The federal fiscal year runs 1 October to 30 September, so FY2025 is 1 October 2024 to 30 September 2025. *FY2026 is open: approvals to 30 Jun 2026 only.

Since FY2010, 67 SBA loan approvals worth $22.5M carry the Homewatch CareGivers franchise code, 35 of them in FY2021 to FY2025.

In FY2025 there were 12. The average approval in the five-year window was $414K.

15 lenders made the FY2021 to FY2025 loans across 15 states; the most active were United Midwest Savings Bank National Association (9), The Huntington National Bank (7) and Associated Bank National Association (3).

Of loans approved in FY2010 to FY2021 and disbursed, SBA records 15.6% as charged off, above the 6.0% for all SBA loans from those years. The figures describe loans to independent franchise owners, not the franchisor.

67approvals since FY2010$22.5M

35approvals, FY2021–FY2025FY2025: 12

$414Kaverage approval, FY2021–FY2025all SBA loans: $573K

15lenders, FY2021–FY202515 states

15.6%loans approved FY2010–FY2021 charged offall SBA loans: 6.0%

Loan status is as recorded by SBA at the data date; charge-off rates are computed on loans approved at least five fiscal years ago. Jobs supported are self-reported estimates from the SBA loan application, which SBA does not review, audit or validate. Data through 30 Jun 2026.

Loans by fiscal year

Fiscal year	Approvals	Dollars approved	Average approval	Jobs supported, as reported
FY2026*	9	$4.4M	$492K	221
FY2025	12	$2.8M	$230K	261
FY2024	8	$3.3M	$419K	74
FY2023	3	$454K	$151K	37
FY2022	2	—	—	84
FY2021	10	$5.7M	$568K	228
FY2020	4	$600K	$150K	36
FY2019	5	$819K	$164K	188
FY2018	4	$881K	$220K	141
FY2017	2	—	—	36
FY2016	2	—	—	76

SBA's franchise field lists the brand as "HOMEWATCH CAREGIVERS"; "Homewatch CareGivers". Codes SBA has used for the same brand name are added together.

Charge-off cohort rate

Homewatch CareGivers franchises15.6%

All SBA 7(a) and 504 loans6.0%

Share of disbursed loans approved FY2010–FY2021 that SBA records as charged off. A brand's rate reflects when and where its franchise owners borrowed and how much, as well as the brand.

Loans approved FY2010–FY2021	Homewatch CareGivers	All SBA loans
Approvals in these years	33	725,496
Cancelled or never disbursed	1	91,827
Disbursed loans	32	633,669
Paid in full	16	471,304
Charged off	5	37,796
Still outstanding (status exempt from disclosure)	11	124,569
Charged off, share of disbursed loans	15.6%	6.0%
Dollars charged off, share of disbursed dollars	6.8%	2.2%
Dollars charged off	$631K	$6.20bn

Lenders

#	Lender, FY2021–FY2025	Approvals	Dollars	Share
1	United Midwest Savings Bank National AssociationDe Graff, OH	9	$1.3M	25.7%
2	The Huntington National BankColumbus, OH	7	$1.3M	20.0%
3	Associated Bank National AssociationGreen Bay, WI	3	$1.6M	8.6%
4	First Bank of the LakeOsage Beach, MO	3	$470K	8.6%
5	CIBC Bank USAChicago, IL	2	—	5.7%
6	Readycap Lending, LLCBerkeley Heights, NJ	2	—	5.7%
7	Byline BankChicago, IL	1	—	2.9%
8	Wilmington Savings Fund Society FSBWilmington, DE	1	—	2.9%
9	PNC Bank, National AssociationWilmington, DE	1	—	2.9%
10	VelocitySBA, LLCIrving, TX	1	—	2.9%
11	Live Oak Banking CompanyWilmington, NC	1	—	2.9%
12	BayFirst National BankSaint Petersburg, FL	1	—	2.9%
13	Magnifi Financial CUMelrose, MN	1	—	2.9%
14	Granite BankCold Spring, MN	1	—	2.9%
15	Manufacturers and Traders Trust CompanyBuffalo, NY	1	—	2.9%

States

#	State of the business, FY2021–FY2025	Approvals	Share
1	California	7	20.0%
2	Minnesota	6	17.1%
3	Texas	5	14.3%
4	Illinois	2	5.7%
5	Virginia	2	5.7%
6	Indiana	2	5.7%
7	Ohio	2	5.7%
8	Florida	2	5.7%
9	New Jersey	1	2.9%
10	Michigan	1	2.9%
11	Colorado	1	2.9%
12	South Carolina	1	2.9%
13	Georgia	1	2.9%
14	Kansas	1	2.9%
15	Connecticut	1	2.9%

Filed under

#	Industry group	Approvals	Share
1	Home Health Care ServicesNAICS 6216	29	82.9%
2	Individual and Family ServicesNAICS 6241	6	17.1%

Approval sizes

$50,000 or less17.1%6
$50,001 to $150,00048.6%17
$150,001 to $350,00011.4%4
$350,001 to $1 million11.4%4
$1 million to $2 million5.7%2
Over $2 million5.7%2

Age of the businesses

Existing, more than 2 years old11.4%4
New business, 2 years or less22.9%8
Startup, loan funds will open the business54.3%19
Change of ownership11.4%4

Questions and answers

How many SBA loans go to Homewatch CareGivers franchises?

67 approvals since FY2010, worth $22.5M; 35 in FY2021 to FY2025.

Which lenders make SBA loans for Homewatch CareGivers franchises?

By approvals in FY2021 to FY2025: United Midwest Savings Bank National Association (9), The Huntington National Bank (7), Associated Bank National Association (3), First Bank of the Lake (3), CIBC Bank USA (2).

How large is a typical SBA loan for a Homewatch CareGivers franchise?

The average approval in FY2021 to FY2025 was $414K.

What share of Homewatch CareGivers SBA loans are charged off?

Of 32 disbursed loans approved in FY2010 to FY2021, 5 (15.6%) are recorded as charged off; for all SBA loans from those years the figure is 6.0%.

Are SBA loans to Homewatch CareGivers franchises rising?

Approvals in the three latest complete fiscal years total 23, against 16 in the three before: rising (+44%).

About these figures

Figures are totals of the Small Business Administration's 7(a) and 504 FOIA loan files, data through 30 Jun 2026. SBA updates the files quarterly. Counts are loan approvals, including approvals later cancelled; the five-year window is FY2021–FY2025, the five latest complete fiscal years. Charge-off rates use only loans approved in FY2010–FY2021, at least five fiscal years ago, and count disbursed loans SBA records as charged off. Loans are listed under the lender they are assigned to today. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error