Banfield, The Pet Hospital
The total investment to open a Banfield, The Pet Hospital franchise ranges from $236,500 to $508,000. The initial franchise fee is $65,000. Ongoing royalties are 6% plus a 2% advertising fee.
What is the Banfield, The Pet Hospital franchise?
Banfield The Pet Hospital operates in the veterinary services sector, where demand is supported by changing pet ownership patterns and growing attention to companion animal health. The franchise currently has 3 distinct units. Its central operations are identified as being headquartered in Colorado, without a specific city, which may reflect an administrative structure that is decentralized or still developing for a relatively new or refocused brand.
Veterinary services include medical, surgical, and preventative care for pets. These services range from routine examinations and vaccinations to advanced diagnostic procedures and emergency treatment. Facilities such as Banfield The Pet Hospital support the health and longevity of pets while serving the emotional and financial investment owners make in their animals.
The pet care market has shown resilience and growth over recent decades. Contributing factors include the humanization of pets and the wider range of available treatments and preventative measures. This setting supports the development of veterinary practices, including Banfield The Pet Hospital, as it establishes its operating model and service standards across its existing 3 locations.
With a limited number of units, Banfield The Pet Hospital is positioned within the veterinary services sector to address community needs for accessible, high quality animal healthcare.
Loan Activity Score
37/100
SBA Default Rate
0.0%
Active Lenders
2
According to its Franchise Disclosure Document or public business records, Banfield, The Pet Hospital has 3 locations, all owned by franchisees. Public SBA loan records show 2 lenders made 4 loans to franchisees of Banfield, The Pet Hospital. PeerSense calculates Banfield, The Pet Hospital's score as 37 out of 100, using public SBA loan performance and recent lending activity.
Franchising since 1955 · 3 locations
$236,500 to $508,000
$65,000
3
3 franchised
Proprietary PeerSense metric
FairDistinct lenders in public SBA records for Banfield, The Pet Hospital
4
Total SBA loans
$165K
Average loan size
Source: public SBA 7(a) and 504 loan records through December 31, 2025
Referral fee at closing
SBA Lending Activity for Banfield, The Pet Hospital
Loan Activity Score Breakdown
Emerging (3 to 9 loans)
Are lenders increasingly or decreasingly funding this brand? Growing trends score highest.
Blended default rate (recent + all time) compared to NAICS sector peers.
Quality lenders actively backing this brand, with penalty for lender pullback.
FDD availability, Item 19 disclosure, and overall data completeness.
Geographic spread of SBA funded locations across states.
SBA Lending Performance
SBA Default Rate
0.0%
vs 9.9% peer avg
SBA Loans
4
Total Volume
$0.7M
Active Lenders
2
States
2
vs. SBA Sector Average
SBA loan default rate vs. all franchises in the same NAICS sector, not limited to direct competitors
Key Highlights
Franchise Financing Resources
Data Insights
Key performance metrics for Banfield, The Pet Hospital based on SBA lending data
SBA Default Rate
0.0%
9.9% below peer avg
SBA Loan Volume
4 loans
Across 2 lenders
Lender Diversity
2 lenders
Avg 2.0 loans per lender
Investment Tier
Significant investment
$236,500 to $508,000 total
Banfield, The Pet Hospital: Deep SBA Data
Brand specific metrics derived directly from SBA 7(a) approval records: peak lending year, leading state, average loan size, and lender concentration. PeerSense computes these per brand so capital advisors and prospective franchisees can benchmark this opportunity against the rest of the franchise universe.
Peak SBA Year
2004
2 approvals. The best year on record for Banfield, The Pet Hospital.
Top SBA State
Ohio
2 SBA financed Banfield, The Pet Hospital locations, the densest operator footprint.
Average Loan Size
$165K
Median $206K. Use as a sizing anchor when modeling your own Banfield, The Pet Hospital unit.
Lender Concentration
100%
Concentrated
Share of Banfield, The Pet Hospital approvals captured by the top 3 SBA lenders.
Banfield, The Pet Hospital's SBA lending pipeline peaked in 2004 (2 approvals). Operator density is highest in Ohio with 2 SBA financed locations. Average funded ticket sits at $165K, with the median at $206K. Lender mix is concentrated: the top three SBA lenders account for 100% of approvals. Credit decisions concentrate with a small group of incumbents.
Payment Estimator
Estimated Monthly Payment
$2,448
Principal & Interest only
Indicative only, as of October 1, 2026. Not a quote, commitment or offer of credit. Final pricing, leverage and terms are determined by the lender at underwriting, after full transaction materials are reviewed. PeerSense sources the file. The lender sets pricing. What these terms mean.
Locations
Banfield, The Pet Hospital, unit breakdown
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Reviewed by Edward L. Freeman, Founder and Managing Director, PeerSense
- PeerSense is a capital advisory firm that places commercial financing with direct capital sources; it does not lend, fund, or approve loans, and the capital source sets final terms.
- Edward L. Freeman founded PeerSense in January 2020.
- He is a Registered Franchise Consultant with Business Alliance, Inc., a credential issued in March 2022, and worked as a franchise consultant there from March 2022 to May 2023.
- His recorded experience includes a $22 million SBA construction loan, with about $16 million funded on the deal.
- In the 12 months through September 30, 2026, PeerSense tracked 912 publicly announced financings with a disclosed size of $361.32 billion. PeerSense Capital Data Report · Methodology page
Last reviewed LinkedIn profileAbout Edward Freeman