Pharmacies and Drug Stores Commercial Loans

Looking for commercial loans for pharmacies and drug stores? An SBA loan may be just what you've been looking for. This $80,000 pharmacies and drug stores loan was issued by a Kansas bank.

This business knew how to go about getting a business bank loan. Based in Baldwin City, Kansas, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was Mid-America Bankshares, based in Baldwin City, Kansas.

SBA Loan Borrower

COMPANY TYPE: HEALTH AND ALLIED SERVICES
BALDWIN CITY, KS 66006

SBA Loan Lender

MID-AMERICA BANKSHARES
802 AMES
BALDWIN CITY, KS 66006

This was a Low Documentation SBA loan. The SBA started this program to limit the paperwork associated with getting a loan . The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

8099 - Health and Allied Services

NAICS Code

446110 - Pharmacies and Drug Stores

Loan Approval Date

1/29/2001

Loan Approval Gross Amount

$80,000

Loan Approval from the SBA

Of the total $80,000 loan amount, the SBA guaranteed $68,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. This SBA loan request did not indicate that the business promised to use the money to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Mid-America Bankshares had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Mid-America Bankshares made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ.

Related Links:

Business Line of Credit

Find an SBA Lender in Baldwin City, Kansas

Getting a Business Loan in Kansas