Pharmacies and Drug Stores Business Loans

Looking for business loans for pharmacies and drug stores? Talk to a banker who works with the SBA. This $227,227 pharmacies and drug stores loan was issued by a Texas bank.

This small business knew how to go about getting a business bank loan. Based in Weslaco, Texas, they applied for and were awarded an SBA-guaranteed loan in 2006. The lending bank was The Frost National Bank, based in Alamo, Texas.

SBA Loan Borrower

COMPANY TYPE: DRUG STORES AND PROPRIETARY STORES
WESLACO, TX 78596

SBA Loan Lender

THE FROST NATIONAL BANK
809 MAIN ST
ALAMO, TX 78516

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 7A 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

1/26/2006

Loan Approval Gross Amount

$227,227

Loan Approval from the SBA

Of the total $227,227 loan amount, the SBA guaranteed $170,420.

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 9 employees. The SBA loan documents did not indicate that the business promised to use the funding to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you need money to start a business or need money for an existing business, an SBA loan can be a great way to raise money

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

Related Links:

Realistic Debt Financing Options

Where to Get an SBA Loan in Alamo, Texas

SBA Texas Banks