Borrow Money to Buy a Medicap Pharmacy Franchise

Need a loan to invest in a Medicap Pharmacy franchise? Ncb, Fsb has a history of making these loans and they are guaranteed by the SBA.

Medicap Pharmacy franchise loans are available to Erie, Pennsylvania entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Ncb, Fsb, based in Hillsboro, Ohio, issued an SBA franchise loan for a Medicap Pharmacy franchise in 2002. We've got all the details on this Pennsylvania small business loan.

SBA Loan Borrower

MEDICAP PHARMACY
ERIE, PA 16511

SBA Loan Lender

NCB, FSB
139 S HIGH ST
HILLSBORO, OH 45133

This commercial 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

6/19/2002

Loan Approval Gross Amount

$243,300

Loan Approval from the SBA

Of the total $243,300 loan amount, the SBA guaranteed $182,475.

More Information on This SBA Loan

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

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

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

This SBA loan was for $243,300. How would you spend $243,300 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:

Medicap Pharmacies, Inc.

Business Credit Evaluation

Where to Get an SBA Loan in Hillsboro, Ohio

SBA Lenders in Ohio