Borrowing Money for Pharmacies and Drug Stores

With these bank loans for pharmacies and drug stores, the SBA guarantees the lender that the loan will be repaid. This pharmacies and drug stores loan for $75,000 was given to a Maryland entrepreneur in 2003.

This small firm knew how to go about getting a business bank loan. Based in Pocomoke City, Maryland, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was Pnc Bank, National Association, based in Pocomoke City, Maryland.

SBA Loan Borrower

COMPANY TYPE: DRUG STORES AND PROPRIETARY STORES
POCOMOKE CITY, MD 21851

SBA Loan Lender

PNC BANK, NATIONAL ASSOCIATION
105 MARKET ST
POCOMOKE CITY, MD 21851

This lender issued this particular debt financing under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

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

12/12/2003

Loan Approval Gross Amount

$75,000

Loan Approval from the SBA

Of the total $75,000 loan amount, the SBA guaranteed $63,750.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. This SBA loan request did not indicate that the company promised to use the funding to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you are working on finding money to start a business in Pocomoke City MD, you ought to talk with a local Pocomoke City SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Pocomoke City businesses.

This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer 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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Best Banks for Small Business in Pocomoke City, Maryland

Getting an SBA Loan in Maryland