Borrow Money to Buy a Medicine Shoppe Franchise

Need a loan to purchase a Medicine Shoppe franchise? Cit Small Business Lending Corp has a history of making these loans and they are guaranteed by the SBA.

Medicine Shoppe franchise loans are available to Chillicothe, Missouri entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Cit Small Business Lending Corp, based in Livingston, New Jersey, issued an SBA franchise loan for a Medicine Shoppe franchise in 2003. We've got all the details on this Missouri small business loan.

SBA Loan Borrower

MEDICINE SHOPPE
CHILLICOTHE, MO 64601

SBA Loan Lender

CIT SMALL BUSINESS LENDING CORP
1 CIT DRIVE
LIVINGSTON, NJ 07039

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

446110 - Pharmacies and Drug Stores

Loan Approval Date

3/19/2003

Loan Approval Gross Amount

$246,000

Loan Approval from the SBA

Of the total $246,000 loan amount, the SBA guaranteed $184,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Medicine Shoppe franchise. At the time of the loan, the company had 3 employees. The loan application indicated that the loan would help generate 3 new jobs and retain 3 existing jobs.

Getting an SBA Loan For Your Business

If you want money for new small business in Chillicothe MO, you ought to talk with a local Chillicothe SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Chillicothe businesses.

This SBA loan was for $246,000. How would you spend $246,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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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