Borrow Money to Buy a Medicine Shoppe Franchise

Borrowing money to buy a Medicine Shoppe franchise? First National Bank - Pennsylvania has a history of making these loans and they are guaranteed by the SBA.

Medicine Shoppe franchise loans are available to New Castle, Pennsylvania entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, First National Bank - Pennsylvania, based in Hermitage, Pennsylvania, issued an SBA franchise loan for a Medicine Shoppe franchise in 2004. We've got all the details on this Pennsylvania small business loan.

SBA Loan Borrower

MEDICINE SHOPPE PHARMACY
NEW CASTLE, PA 16101

SBA Loan Lender

FIRST NATIONAL BANK - PENNSYLVANIA
3320 E STATE ST
HERMITAGE, PA 16148

This lender provides SBA debt financing as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

446110 - Pharmacies and Drug Stores

Loan Approval Date

11/8/2004

Loan Approval Gross Amount

$245,000

Loan Approval from the SBA

Of the total $245,000 loan amount, the SBA guaranteed $183,750.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Medicine Shoppe franchise. At the time of the loan, the company had 10 employees. The SBA loan application for the borrower indicated that the loan would help retain 10 existing jobs.

Start the Process for Getting an SBA Loan Today!

SBA loans provide money to small business owners for working capital for other expenses.

While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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:

Medicine Shoppe International, Inc.

Find Start-Up Capital

Small Bank Loans in Hermitage, Pennsylvania

Where to Get an SBA Loan Pennsylvania