C&t Pharmacy LLC
C&t Pharmacy LLC is located in Slidell, LA, and the SBA lists its industry as Pharmacies and Drug Retailers. It was approved for an SBA 7(a) loan of $636,000 for a change of ownership on February 20, 2024.
SBA 7(a) loan, change of ownership, approved Feb 20, 2024
- Gross approval
- $636,000
- SBA-guaranteed amount
- $477,000 (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
- 10.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- February 20, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $8,493 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Feb 28, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 9
- Business type
- Corporation
- NAICS
- 456110, Pharmacies and Drug Retailers
- Franchise
- The Medicine Shoppe
- Project location
- Saint Tammany County, LA
- SBA district office
- Louisiana District Office
- Congressional district
- LA-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 5% 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 Louisiana: $1,702,056.
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 Louisiana
- J & J RX Network, LLC, Lafayette
- Mansfield Drug, Mansfield
- Park Pharmacy LLC, Youngsville
- DMS Pharmacy, LLC, New Iberia
- Thrift Town RX LLC, Livingston