How to Get a Loan for Pharmacies and Drug Stores

Looking for commercial loans for pharmacies and drug stores? The SBA may be the answer. This $750,000 pharmacies and drug stores loan was issued by a Nebraska bank.

This business received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Pinnacle Bank, out of Columbus, Nebraska. The loan was granted and they received $750,000 to help grow their Columbus, Nebraska business.

SBA Loan Borrower

COMPANY TYPE: DRUG STORES AND PROPRIETARY STORES
COLUMBUS, NE 68601

SBA Loan Lender

PINNACLE BANK
2661 33RD AVE
COLUMBUS, NE 68601

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA business loan was issued via the SBA 7a lending program.

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

5/7/2004

Loan Approval Gross Amount

$750,000

Loan Approval from the SBA

Of the total $750,000 loan amount, the SBA guaranteed $562,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 19 employees. This SBA loan request did not indicate that the small business promised to use the money to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

This SBA loan was for $750,000. How would you spend $750,000 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.

Related Links:

Getting a Small Business Loan

Best Banks in Columbus, Nebraska

Nebraska SBA 7A Lenders