Loan to Buy Medicine Shoppe Franchise Issued By First National Bank - Pennsylvania

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

Want to borrow money to buy a Medicine Shoppe franchise? If so, here's a 2004 SBA franchise loan that you should know about. First National Bank - Pennsylvania was the lender and the entrepreneur was based in New Castle, Pennsylvania.

SBA Loan Borrower

THE MEDICINE SHOPPE PHARMACY
NEW CASTLE, PA 16101

SBA Loan Lender

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

This SBA business loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

446110 - Pharmacies and Drug Stores

Loan Approval Date

11/5/2004

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $25,000.

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 loan application indicated that the loan would help retain 10 existing jobs.

Getting an SBA Loan For Your Business

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

This SBA loan was for $50,000. How would you spend $50,000 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:

Medicine Shoppe International, Inc.

Role of Business Plan When Raising Money

SBA Banks in Hermitage, Pennsylvania

SBA Pennsylvania Lenders