Bank Loans for Pharmacies and Drug Stores

Looking for bank loans for pharmacies and drug stores? Try the SBA. This $322,553 pharmacies and drug stores loan was issued by a bank.

This company knew how to go about getting a business bank loan. Based in Bayamon, , they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was Banco Bilbao Vizcaya Argentari, based in San Juan, .

SBA Loan Borrower

COMPANY TYPE: DRUG STORES AND PROPRIETARY STORES
BAYAMON, PR 00959

SBA Loan Lender

BANCO BILBAO VIZCAYA ARGENTARI
254 MUNOZ RIVERA AVE
SAN JUAN, PR 00936

This SBA loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5912 - Drug Stores and Proprietary Stores

NAICS Code

446110 - Pharmacies and Drug Stores

Loan Approval Date

7/23/2002

Loan Approval Gross Amount

$322,553

Loan Approval from the SBA

Of the total $322,553 loan amount, the SBA guaranteed $241,915.

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 4 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the money to increase staffing levels or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Banco Bilbao Vizcaya Argentari that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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.

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