Pet Care Services acquisitions in North Carolina: SBA loan data
Since FY2018, SBA lenders have approved 17 7(a) loans to buy an existing business classified as Pet Care Services in North Carolina, totaling $11.7M. The median loan was $425,000. That is 1.1% of the 1,575 acquisition loans in North Carolina.
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How this compares
The median Pet Care Services loan in North Carolina is 47% lower than the $800,000 median for all North Carolina acquisitions, and 18% lower than 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 2.1% of seasoned North Carolina acquisition loans of any type.
Pet Care Services acquisition loans in North Carolina by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 0 | $0 | - | |
| FY2019 | 0 | $0 | - | |
| FY2020 | 1 | $355K | $355,400 | |
| FY2021 | 3 | $738K | $282,500 | |
| FY2022 | 1 | $407K | $407,000 | |
| FY2023 | 3 | $1.5M | $533,700 | |
| FY2024 | 3 | $2.7M | $616,000 | |
| FY2025 | 3 | $3.1M | $320,000 | |
| FY2026 | 3 | $2.9M | $870,000 |
How often do these acquisition loans fail?
Fewer than 20 Pet Care Services in North Carolina 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.
Seller note standby terms and third-party consents are reviewed before closing.
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Top lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | First Financial Bank | 3 | 17.6% | $2.6M | |
| 2 | First Bank | 3 | 17.6% | $1.1M | |
| 3 | The Fidelity Bank | 3 | 17.6% | $618K | |
| 4 | United Community Bank | 2 | 11.8% | $1.2M | |
| 5 | Live Oak Banking Company | 1 | 5.9% | $2.5M |
Top franchise brands
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Woof Gang Bakery and Grooming | 2 | 11.8% | $1.2M |
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Questions buyers ask
How much do SBA loans for Pet Care Services acquisitions in North Carolina run?
The median SBA 7(a) loan was $425,000 across 17 loans (FY2018 to FY2026). 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 North Carolina?
First Financial Bank (3), First Bank (3), The Fidelity Bank (3), United Community Bank (2), Live Oak Banking Company (1).
How often do Pet Care Services acquisition loans fail in North Carolina?
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 North Carolina?
2 of the 17 loans (12%) involved a franchise brand, most often Woof Gang Bakery and Grooming (2).
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Related
- All North Carolina acquisitions
- Pet Care Services nationally
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Small samples move a lot: each loan in this combination is 6% of the count. Industry is the NAICS code the lender recorded. See the methodology.