Buford Road Pharmacy, Inc.
Buford Road Pharmacy, Inc. is located in North Chesterfield, VA, and the SBA lists its industry as Pharmacies and Drug Retailers. It was approved for an SBA 7(a) loan of $2,240,000 for a change of ownership on November 14, 2024.
SBA 7(a) loan, change of ownership, approved Nov 14, 2024
- Gross approval
- $2,240,000
- SBA-guaranteed amount
- $1,680,000 (75% of the approval)
- Lender
- First Financial Bank, El Dorado, AR
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.75%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- November 14, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $29,293 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 12, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 17
- Business type
- Corporation
- NAICS
- 456110, Pharmacies and Drug Retailers
- Project location
- Chesterfield County, VA
- SBA district office
- Richmond District Office
- Congressional district
- VA-04
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 78% 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 Virginia: $1,860,760.
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 Virginia
- Elkton Family Pharmacy, Elkton
- Blanton and Lester LLC, Front Royal