Business Loans for Pharmacies and Drug Stores

Looking for business loans for pharmacies and drug stores? Try the SBA. This $596,000 pharmacies and drug stores loan was issued by a Louisiana bank.

Getting a small business loan in Rayne, Louisiana was important for this small business back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Capital One, operating out of Lafayette, Louisiana. Here are the details on this Louisiana small business loan.

SBA Loan Borrower

COMPANY TYPE: PHARMACIES AND DRUG STORES
RAYNE, LA 70578

SBA Loan Lender

CAPITAL ONE
213 W VERMILION ST
LAFAYETTE, LA 70501

This business loan was provided by a banker with SBA Certified Lenders Program (CLP) status. CLP lenders who submit loan requests to the SBA get more expeditious service from the SBA on their loan applications.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

446110 - Pharmacies and Drug Stores

Loan Approval Date

5/20/2003

Loan Approval Gross Amount

$596,000

Loan Approval from the SBA

Of the total $596,000 loan amount, the SBA guaranteed $447,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 11 employees. This SBA loan request did not indicate that the business promised to use the funding to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Capital One are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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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