Getting an SBA Loan for Pharmacies and Drug Stores

Looking for business loans for pharmacies and drug stores? Try the SBA. This $1,430,000 pharmacies and drug stores loan was issued by a Pennsylvania bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Greenfield Township, Pennsylvania was able to borrow $1,430,000 from Honesdale National Bank. The SBA made the loan possible by guaranteeing $999,999 of this Pennsylvania small business loan.

SBA Loan Borrower

COMPANY TYPE: PHARMACIES AND DRUG STORES
GREENFIELD TOWNSHIP, PA 18407

SBA Loan Lender

HONESDALE NATIONAL BANK
724 MAIN ST
HONESDALE, PA 18431

This 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.

NAICS Code

446110 - Pharmacies and Drug Stores

Loan Approval Date

11/10/2004

Loan Approval Gross Amount

$1,430,000

Loan Approval from the SBA

Of the total $1,430,000 loan amount, the SBA guaranteed $999,999.

More Information on This SBA Loan

The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 13 employees. The SBA loan documents did not indicate that the company planned to use the loan proceeds to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

Don't forget. To get an SBA loan, you must apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

We can help you find the best banks for small businesses in Greenfield Township or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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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