Main Street Registry

86th Street Community Pharmacy Corp.

Brooklyn, NY · Pharmacies and Drug Retailers · NAICS 456110

86th Street Community Pharmacy Corp. is a pharmacy and drug retailer in Brooklyn, New York. It was financed with an SBA 7(a) loan for a change of ownership totaling $1,040,000, approved on October 26, 2023 by Live Oak Banking Company.

SBA 7(a) loan, change of ownership, approved Oct 26, 2023

$1,040,000 approvedLender: Live Oak Banking Company10 years termPaid in fullLoan details
Gross approval
$1,040,000
SBA-guaranteed amount
$780,000 (75% of the approval)
Lender
Live Oak Banking Company, Wilmington, NC
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.35%, variable
Term
10 years (120 months)
Estimated maturity
October 26, 2033 (estimated, approval date plus term)
Estimated monthly payment
$13,946 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Dec 11, 2023
Loan status
Paid in full
Jobs supported
5
Business type
Corporation
NAICS
456110, Pharmacies and Drug Retailers
Project location
Kings County, NY
SBA district office
New York District Office
Congressional district
NY-08
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 32% of acquisition loans in Pharmacies and Drug Retailers on this site.
  • Average acquisition loan in Pharmacies and Drug Retailers: $1,715,134.
  • Average acquisition loan in New York: $1,771,512.

Loan amounts are the SBA approval, not a purchase price. Figures labeled estimated are derived on this site and are not published by the SBA.

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Same industry in New York