HomeSmiles
32
SBA Loans
$5.9M
Total Financed
$183K
Avg Loan Size
-25%
YoY Loan Growth
How HomeSmiles Compares
- Ranks #44 of 294 Home & Repair Services brands by SBA loan count (#357 of 3,543 overall).
- Its average loan of $183K is 3% above the Home & Repair Services median of $177K.
- Its 0.0% charge-off rate compares to a 2.9% average across all Home & Repair Services brands.
SBA Loan Activity by Fiscal Year
| Fiscal Year | Loans | Total Financed |
|---|---|---|
| FY2022 | 2 | $500K |
| FY2023 | 2 | $300K |
| FY2024 | 12 | $2.0M |
| FY2025 | 9 | $1.4M |
| FY2026 | 7 | $1.7M |
FY2026 may be a partial year -- the SBA dataset is refreshed quarterly and the most recent fiscal year is often incomplete.
Where HomeSmiles Is Getting SBA-Financed
Recent SBA-Financed HomeSmiles Locations
Borrower names and amounts as reported in the SBA's public 7(a) loan dataset.
Frequently Asked Questions
Is HomeSmiles growing or shrinking?
HomeSmiles's SBA loan count fell 25% year-over-year. A decline in SBA financing doesn't necessarily mean the brand is shrinking -- franchisees may be using other financing, or SBA lending patterns may have shifted broadly.
How much does it cost to open a HomeSmiles franchise?
We don't have that figure -- investment ranges and fees come from a franchisor's Franchise Disclosure Document (FDD), which this site doesn't parse (see methodology). The average SBA loan size of $183K (3% above the typical Home & Repair Services brand's $177K) is a rough proxy, but SBA loans often cover only part of total investment.
What's the SBA loan default rate for HomeSmiles?
0 of 32 SBA loans to HomeSmiles franchisees (0.0%) have been charged off since FY2020, compared to 2.9% across all Home & Repair Services brands.
Top SBA Lenders
- United Midwest Savings Bank National Association26
- Newtek Small Business Finance, Inc.2
- The Huntington National Bank2
- Citizens Bank1
- VelocitySBA, LLC1
Get the Franchise SBA Financing Model -- an editable amortization, P&L, and breakeven calculator. $19.
Source: SBA 7(a) FOIA loan dataset. View dataset