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Chinook Pharmacy & Variety

Forks, WA · Pharmacies and Drug Retailers · NAICS 456110

Chinook Pharmacy & Variety is a pharmacy and drug retailer located in Forks, Washington, operating in the Pharmacies and Drug Retailers industry (NAICS 456110). The business was financed with an SBA 7(a) loan for a change of ownership of $2.65 million, approved on July 17, 2024 by lender Live Oak Banking Company.

SBA 7(a) loan, change of ownership, approved Jul 17, 2024

$2,650,000 approvedLender: Live Oak Banking Company10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$2,650,000
SBA-guaranteed amount
$1,802,000 (68% of the approval)
Lender
Live Oak Banking Company, Wilmington, NC
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.7%, variable
Term
10 years (120 months)
Estimated maturity
July 17, 2034 (estimated, approval date plus term)
Estimated monthly payment
$34,581 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Aug 30, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
9
Business type
Corporation
NAICS
456110, Pharmacies and Drug Retailers
Project location
Clallam County, WA
SBA district office
Seattle District Office
Congressional district
WA-06
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 85% 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 Washington: $1,784,595.

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 Washington