Getting an SBA Loan for Pharmacies and Drug Stores

Looking for commercial loans for pharmacies and drug stores? An SBA loan may be just what you've been looking for. This $414,200 pharmacies and drug stores loan was issued by a Nebraska bank.

This small business received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Security National Bank, out of Laurel, Nebraska. The loan was granted and they received $414,200 to help grow their Laurel, Nebraska business.

SBA Loan Borrower

COMPANY TYPE: DRUG STORES AND PROPRIETARY STORES
LAUREL, NE 68745

SBA Loan Lender

SECURITY NATIONAL BANK
202 E 2ND ST
LAUREL, NE 68745

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide business loans to American small businesses.

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

10/7/2005

Loan Approval Gross Amount

$414,200

Loan Approval from the SBA

Of the total $414,200 loan amount, the SBA guaranteed $310,650.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 4 employees. The SBA loan application for the borrower did not indicate that the company promised to use the money to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans provide smart, affordable business financing for small businesses looking to expand.

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

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Getting an SBA Loan in Nebraska