Pet Care Services acquisitions in Georgia: SBA loan data
Since FY2018, SBA lenders have approved 20 7(a) loans to buy an existing business classified as Pet Care Services in Georgia, totaling $14M. The median loan was $499,900. That is 1.1% of the 1,774 acquisition loans in Georgia.
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How this compares
The median Pet Care Services loan in Georgia is 43% lower than the $875,000 median for all Georgia acquisitions, and in line with the $521,250 median for Pet Care Services acquisitions nationwide (404 loans).
This combination has too few seasoned loans for a reliable charge-off rate. Nationally, 3.4% of seasoned Pet Care Services acquisition loans were charged off, and 3.2% of seasoned Georgia acquisition loans of any type.
Pet Care Services acquisition loans in Georgia by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 2 | $1.9M | $953,500 | |
| FY2019 | 3 | $2.9M | $876,000 | |
| FY2020 | 1 | $2.5M | $2,506,000 | |
| FY2021 | 1 | $361K | $361,000 | |
| FY2022 | 3 | $1.1M | $378,900 | |
| FY2023 | 2 | $915K | $457,400 | |
| FY2024 | 3 | $2.5M | $800,000 | |
| FY2025 | 2 | $621K | $310,500 | |
| FY2026 | 3 | $1.2M | $500,000 |
How often do these acquisition loans fail?
Fewer than 20 Pet Care Services in Georgia 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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Top lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Live Oak Banking Company | 6 | 30.0% | $3.8M | |
| 2 | First Financial Bank | 5 | 25.0% | $2.7M | |
| 3 | Renasant Bank | 3 | 15.0% | $4.9M | |
| 4 | Ameris Bank | 1 | 5.0% | $972K | |
| 5 | CIBC Bank USA | 1 | 5.0% | $585K |
Top franchise brands
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Camp Bow Wow | 1 | 5.0% | $258K |
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Questions buyers ask
How much do SBA loans for Pet Care Services acquisitions in Georgia run?
The median SBA 7(a) loan was $499,900 across 20 loans (FY2018 to FY2026), with the middle half between $374,425 and $890,750. 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 Pet Care Services acquisitions in Georgia?
Live Oak Banking Company (6), First Financial Bank (5), Renasant Bank (3), Ameris Bank (1), CIBC Bank USA (1). Some lenders repeatedly finance this industry in this state; the counts above show which.
How often do Pet Care Services acquisition loans fail in Georgia?
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 Pet Care Services acquisitions in Georgia?
1 of the 20 loans (5%) involved a franchise brand, most often Camp Bow Wow (1).
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Related
- All Georgia acquisitions
- Pet Care Services nationally
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Small samples move a lot: each loan in this combination is 5% of the count. Industry is the NAICS code the lender recorded. See the methodology.