Elkton Family Pharmacy
Elkton Family Pharmacy is a pharmacy and drug retailer located in Elkton, Virginia. The business was financed with an SBA 7(a) loan for a change of ownership of $1.5 million, approved on April 22, 2025, through Bank of Oak Ridge.
SBA 7(a) loan, change of ownership, approved Apr 22, 2025
$1,500,000 approvedLender: Bank of Oak Ridge10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,500,000
- SBA-guaranteed amount
- $1,125,000 (75% of the approval)
- Lender
- Bank of Oak Ridge, Oak Ridge, NC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- April 22, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $19,410 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- May 21, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 8
- Business type
- Corporation
- NAICS
- 456110, Pharmacies and Drug Retailers
- Project location
- Rockingham County, VA
- SBA district office
- Richmond District Office
- Congressional district
- VA-06
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 55% 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
- Buford Road Pharmacy, Inc., North Chesterfield
- Blanton and Lester LLC, Front Royal