SBA Loans for Pharmacies and Drug Stores

Looking for SBA loans for pharmacies and drug stores? The SBA may be the answer. This $883,500 pharmacies and drug stores loan was issued by a Texas bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Barnesville, Ohio was able to borrow $883,500 from Jpmorgan Chase Bank. The SBA made the loan possible by guaranteeing $662,625 of this Ohio small business loan.

SBA Loan Borrower

COMPANY TYPE: PHARMACIES AND DRUG STORES
BARNESVILLE, OH 43713

SBA Loan Lender

JPMORGAN CHASE BANK
811 RUSK ST., 16TH FL
HOUSTON, TX 77002

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

446110 - Pharmacies and Drug Stores

Loan Approval Date

12/8/2006

Loan Approval Gross Amount

$883,500

Loan Approval from the SBA

Of the total $883,500 loan amount, the SBA guaranteed $662,625.

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 6 employees. The loan application indicated that the loan would help generate 2 new jobs and retain 8 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

Remember, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

We've showcased information on this loan to let you know that businesses like yours 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.

SBA Participating Banks in Houston, Texas

Getting an SBA Loan in Texas

What Does It Take to Get a Business Loan in Barnesville, Ohio?

SBA Loans for Pharmacies and Drug Stores