Gaddy Discount Drug LLC
Gaddy Discount Drug LLC is a medicinal and botanical manufacturing business located in Muskogee, Oklahoma, classified under NAICS code 325411. The company was financed with an SBA 7(a) loan for a change of ownership in the amount of $5,000,000, approved on September 19, 2025 by Byline Bank, and the loan is reported with 22 jobs.
SBA 7(a) loan, change of ownership, approved Sep 19, 2025
$5,000,000 approvedLender: Byline Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $5,000,000
- SBA-guaranteed amount
- $3,750,000 (75% of the approval)
- Lender
- Byline Bank, Chicago, IL
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- September 19, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $66,075 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Nov 26, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 22
- Business type
- Corporation
- NAICS
- 325411, Medicinal and Botanical Manufacturing
- Project location
- Muskogee County, OK
- SBA district office
- Oklahoma District Office
- Congressional district
- OK-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Medicinal and Botanical Manufacturing: $2,857,575.
- 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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