Buying an Aussie Pet Mobile franchise: SBA acquisition loan data
Since FY2018, SBA lenders have approved 8 7(a) loans to buy an existing Aussie Pet Mobile (classified mostly as Pet Care (except Veterinary) Services), totaling $6.4M. The median loan was $525,000, 19% lower than the $645,250 median for all SBA-financed acquisitions. 4 of these loans were approved in the last two fiscal years.
Seller note standby terms and third-party consents are reviewed before closing.
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What this tells a buyer
- Price range to expect. Loan size tracks purchase price. Half of Aussie Pet Mobile resale loans landed between $244,625 and $929,000.
- Lender experience exists. The Huntington National Bank alone has financed 2 Aussie Pet Mobile resales.
- Guaranty. The SBA guaranteed 75% of the dollars lent here.
- What the file leaves out. The SBA file does not record franchisor transfer terms or fees.
Financing an Aussie Pet Mobile resale
The median SBA 7(a) loan for an Aussie Pet Mobile resale was $525,000 across 8 loans (FY2018 to FY2026). The Huntington National Bank, GBank and Peoples Bank have financed the most Aussie Pet Mobile resales. Too few of these loans are old enough to measure a charge-off rate; the average for all SBA acquisition loans is 3.5%.
Aussie Pet Mobile acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 1 | $249K | $249,000 | |
| FY2019 | 0 | $0 | - | |
| FY2020 | 0 | $0 | - | |
| FY2021 | 0 | $0 | - | |
| FY2022 | 0 | $0 | - | |
| FY2023 | 2 | $1.7M | $826,000 | |
| FY2024 | 1 | $232K | $231,500 | |
| FY2025 | 1 | $325K | $325,000 | |
| FY2026 | 3 | $3.9M | $935,000 |
How often do these acquisition loans fail?
Fewer than 20 Aussie Pet Mobile 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.
The purchase agreement decides what you bought, not the loan approval.
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Lenders financing Aussie Pet Mobile resales
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 2 | 25.0% | $3M | |
| 2 | GBank | 1 | 12.5% | $935K | |
| 3 | Peoples Bank | 1 | 12.5% | $927K | |
| 4 | Live Oak Banking Company | 1 | 12.5% | $725K | |
| 5 | Stearns Bank National Association | 1 | 12.5% | $325K | |
| 6 | First Bank | 1 | 12.5% | $249K | |
| 7 | Idaho Central CU | 1 | 12.5% | $232K |
States where Aussie Pet Mobile units are bought
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Tennessee | 2 | 25.0% | $3M | |
| 2 | Idaho | 2 | 25.0% | $1.2M | |
| 3 | California | 2 | 25.0% | $974K | |
| 4 | Washington | 1 | 12.5% | $927K | |
| 5 | Texas | 1 | 12.5% | $325K |
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Questions buyers ask
How much do buyers borrow to buy an Aussie Pet Mobile franchise?
The median SBA 7(a) loan for an Aussie Pet Mobile resale was $525,000 across 8 loans (FY2018 to FY2026). The middle half of loans ran from $244,625 to $929,000. 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 Aussie Pet Mobile acquisitions?
The Huntington National Bank has made the most SBA acquisition loans for Aussie Pet Mobile (2, 25% of the total). GBank, Peoples Bank, Live Oak Banking Company follow.
What interest rate and term do Aussie Pet Mobile acquisition loans carry?
The average initial rate at approval was 9.06% (a blend of fixed and variable loans across several rate environments, so treat it as context, not a quote). The median term was 10 years.
Is an Aussie Pet Mobile resale riskier than other SBA-financed acquisitions?
Too few Aussie Pet Mobile acquisition loans are old enough to measure. The benchmark for all SBA acquisition loans is 3.5% charged off in the FY2018 to FY2021 cohort.
Where are Aussie Pet Mobile units being bought with SBA loans?
Tennessee (2), Idaho (2), California (2), Washington (1), Texas (1). State counts follow where the brand has units and where SBA lending is most active generally; see the state pages for the overall picture.
Seller note standby terms and third-party consents are reviewed before closing.
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Related
- All Pet Care (except Veterinary) Services acquisitions
- Tennessee acquisitions
- Idaho acquisitions
- California acquisitions
- The Huntington National Bank
- GBank
- Peoples Bank
- All franchise brands
Brand name as recorded by lenders in the SBA file: "Aussie Pet Mobile" (franchise code S0150). Figures are aggregates of public SBA data and are not provided or endorsed by the franchisor.