Williamsport, PA Entrepreneur Gets SBA Loan to Buy Medicap Pharmacy Franchise

Borrowing money to buy a Medicap Pharmacy franchise? Woodlands Bank has a history of making these loans and they are guaranteed by the SBA.

Medicap Pharmacy franchise loans are available to Williamsport, Pennsylvania entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Woodlands Bank, based in Williamsport, Pennsylvania, issued an SBA franchise loan for a Medicap Pharmacy franchise in 2002. We've got all the details on this Pennsylvania small business loan.

SBA Loan Borrower

MEDICAP PHARMACY .
WILLIAMSPORT, PA 17701

SBA Loan Lender

WOODLANDS BANK
2450 E THIRD ST
WILLIAMSPORT, PA 17701

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide SBA small business loans to to our country's hard-working small business owners.

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

1/18/2002

Loan Approval Gross Amount

$172,000

Loan Approval from the SBA

Of the total $172,000 loan amount, the SBA guaranteed $129,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Medicap Pharmacy franchise. At the time of the loan, the company had 5 employees. The loan application did not indicate that the business planned to use the funding to increase staffing levels or retain any existing employees.

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

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

Medicap Pharmacies, Inc.

Angel Investors

Small Business Banks in Williamsport, Pennsylvania

Pennsylvania SBA 7A Banks