How to Get a Loan for Pharmacies and Drug Stores

With these commercial loans for pharmacies and drug stores, the SBA guarantees the lender that the loan will be repaid. This pharmacies and drug stores loan for $214,366 was given to a South Carolina entrepreneur in 2003.

This small business knew how to go about getting a business bank loan. Based in Orangeburg, South Carolina, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was South Carolina Bank & Trust Natl, based in Orangeburg, South Carolina.

SBA Loan Borrower

COMPANY TYPE: PHARMACIES AND DRUG STORES
ORANGEBURG, SC 29118

SBA Loan Lender

SOUTH CAROLINA BANK & TRUST NATL
1255 ST MATTHEWS RD
ORANGEBURG, SC 29118

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

446110 - Pharmacies and Drug Stores

Loan Approval Date

7/28/2003

Loan Approval Gross Amount

$214,366

Loan Approval from the SBA

Of the total $214,366 loan amount, the SBA guaranteed $160,775.

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 only one employee. This SBA loan request did not indicate that the business planned to use the money to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

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

We can help you find the best banks for small businesses in Orangeburg 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.

Related Links:

Getting a Small Business Loan

Small Business Banks in Orangeburg, South Carolina

South Carolina SBA 7A Banks