Pharmacies and Drug Stores Commercial Loans

Looking for commercial loans for pharmacies and drug stores? Talk to a banker who works with the SBA. This $96,000 pharmacies and drug stores loan was issued by a Louisiana bank.

This business knew how to go about getting a business bank loan. Based in Eunice, Louisiana, they applied for and were awarded an SBA-guaranteed loan in 2000. The lending bank was Tri-Parish Bank, based in Eunice, Louisiana.

SBA Loan Borrower

COMPANY TYPE: DRUG STORES AND PROPRIETARY STORES
EUNICE, LA 70535

SBA Loan Lender

TRI-PARISH BANK
301 W LAUREL AVE
EUNICE, LA 70535

This lender issued this particular loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

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

3/29/2000

Loan Approval Gross Amount

$96,000

Loan Approval from the SBA

Of the total $96,000 loan amount, the SBA guaranteed $76,800.

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 4 employees. The SBA loan documents did not indicate that the small business planned to use the loan proceeds to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

Every year, the SBA guarantees over $10 billion for loans just like this one.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Tri-Parish Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Tri-Parish Bank 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:

Borrowing Money from Friends and Family

Banks in Eunice, Louisiana

SBA Louisiana Banks