Davenport Health Holdings, LLC
Davenport Health Holdings, LLC, located in Tuttle, Oklahoma, operates in the pharmacies and drug retailers industry (NAICS 456110). The company was financed with an SBA 7(a) loan for a change of ownership of $832,500, approved on February 17, 2024, through Great Plains National Bank.
SBA 7(a) loan, change of ownership, approved Feb 17, 2024
$832,500 approvedLender: Great Plains National Bank25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $832,500
- SBA-guaranteed amount
- $624,375 (75% of the approval)
- Lender
- Great Plains National Bank, Elk City, OK
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.5%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- February 17, 2049 (estimated, approval date plus term)
- Estimated monthly payment
- $7,274 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Mar 1, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 4
- Business type
- Corporation
- NAICS
- 456110, Pharmacies and Drug Retailers
- Project location
- Grady County, OK
- SBA district office
- Oklahoma District Office
- Congressional district
- OK-04
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 18% 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 Oklahoma: $1,861,759.
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 Oklahoma
- Doctors Park Pharmacy, Norman
- SBM Ventures, LLC, Oklahoma City