Pet Care Services acquisitions in Washington: SBA loan data
Since FY2018, SBA lenders have approved 16 7(a) loans to buy an existing business classified as Pet Care Services in Washington, totaling $11.7M. The median loan was $620,050. That is 0.8% of the 2,006 acquisition loans in Washington.
Seller note standby terms and third-party consents are reviewed before closing.
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How this compares
The median Pet Care Services loan in Washington is 8% lower than the $675,000 median for all Washington acquisitions, and 19% higher 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 3.4% of seasoned Washington acquisition loans of any type.
Pet Care Services acquisition loans in Washington by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 1 | $598K | $598,000 | |
| FY2019 | 2 | $1.1M | $571,500 | |
| FY2020 | 0 | $0 | - | |
| FY2021 | 0 | $0 | - | |
| FY2022 | 1 | $70K | $70,000 | |
| FY2023 | 4 | $2.2M | $576,000 | |
| FY2024 | 2 | $405K | $202,500 | |
| FY2025 | 4 | $5M | $978,550 | |
| FY2026 | 2 | $2.3M | $1,145,000 |
How often do these acquisition loans fail?
Fewer than 20 Pet Care Services in Washington 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.
Terms signed in the LOI shape the purchase agreement that follows.
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Top lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Peoples Bank | 5 | 31.3% | $2.2M | |
| 2 | First Financial Bank | 3 | 18.8% | $3.7M | |
| 3 | Washington Trust Bank | 1 | 6.3% | $2.5M | |
| 4 | Live Oak Banking Company | 1 | 6.3% | $840K | |
| 5 | Harborstone CU | 1 | 6.3% | $642K |
Top franchise brands
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Aussie Pet Mobile | 1 | 6.3% | $927K |
Seller note standby terms and third-party consents are reviewed before closing.
Submit Transaction DetailsSBA-financed deals. All 50 states.
Questions buyers ask
How much do SBA loans for Pet Care Services acquisitions in Washington run?
The median SBA 7(a) loan was $620,050 across 16 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 Washington?
Peoples Bank (5), First Financial Bank (3), Washington Trust Bank (1), Live Oak Banking Company (1), Harborstone CU (1).
How often do Pet Care Services acquisition loans fail in Washington?
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 Washington?
1 of the 16 loans (6%) involved a franchise brand, most often Aussie Pet Mobile (1).
The purchase agreement decides what you bought, not the loan approval.
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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.