Buying a Mosquito Squad franchise: SBA acquisition loan data
Since FY2018, SBA lenders have approved 6 7(a) loans to buy an existing Mosquito Squad (classified mostly as Exterminating and Pest Control Services), totaling $5.9M. The median loan was $866,500, 34% higher than the $645,250 median for all SBA-financed acquisitions. 2 of these loans were approved in the last two fiscal years.
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What this tells a buyer
- Price range to expect. Loan size tracks purchase price. Half of Mosquito Squad resale loans landed between $542,250 and $1,233,650.
- Lender experience exists. Byline Bank alone has financed 2 Mosquito Squad 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 a Mosquito Squad resale
The median SBA 7(a) loan for a Mosquito Squad resale was $866,500 across 6 loans (FY2018 to FY2026). Byline Bank, SouthState Bank, National Association and Bank of America, National Association have financed the most Mosquito Squad 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%.
Mosquito Squad acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 0 | $0 | - | |
| FY2019 | 1 | $510K | $510,000 | |
| FY2020 | 1 | $1.3M | $1,280,200 | |
| FY2021 | 0 | $0 | - | |
| FY2022 | 0 | $0 | - | |
| FY2023 | 1 | $270K | $270,000 | |
| FY2024 | 1 | $1.1M | $1,094,000 | |
| FY2025 | 0 | $0 | - | |
| FY2026 | 2 | $2.8M | $1,382,250 |
How often do these acquisition loans fail?
Fewer than 20 Mosquito Squad 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.
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Lenders financing Mosquito Squad resales
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Byline Bank | 2 | 33.3% | $1.4M | |
| 2 | SouthState Bank, National Association | 1 | 16.7% | $2.1M | |
| 3 | Bank of America, National Association | 1 | 16.7% | $1.3M | |
| 4 | The Fidelity Bank | 1 | 16.7% | $639K | |
| 5 | PNC Bank, National Association | 1 | 16.7% | $510K |
States where Mosquito Squad units are bought
Terms signed in the LOI shape the purchase agreement that follows.
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Questions buyers ask
How much do buyers borrow to buy a Mosquito Squad franchise?
The median SBA 7(a) loan for a Mosquito Squad resale was $866,500 across 6 loans (FY2018 to FY2026). The middle half of loans ran from $542,250 to $1,233,650. 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 Mosquito Squad acquisitions?
Byline Bank has made the most SBA acquisition loans for Mosquito Squad (2, 33% of the total). SouthState Bank, National Association, Bank of America, National Association, The Fidelity Bank follow.
What interest rate and term do Mosquito Squad acquisition loans carry?
The average initial rate at approval was 8.30% (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 a Mosquito Squad resale riskier than other SBA-financed acquisitions?
Too few Mosquito Squad 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 Mosquito Squad units being bought with SBA loans?
Virginia (1), New York (1), Wisconsin (1), North Carolina (1), Michigan (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.
Terms signed in the LOI shape the purchase agreement that follows.
Request Engagement AssessmentAlex Lubyansky leads every engagement.
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Related
- All Exterminating and Pest Control Services acquisitions
- Virginia acquisitions
- New York acquisitions
- Wisconsin acquisitions
- Byline Bank
- SouthState Bank, National Association
- Bank of America, National Association
- All franchise brands
Brand name as recorded by lenders in the SBA file: "Mosquito Squad" (franchise code S1132). Figures are aggregates of public SBA data and are not provided or endorsed by the franchisor.