Hometown Pharmacy LLC
Hometown Pharmacy LLC is located in Raleigh, NC, and the SBA lists its industry as Pharmacies and Drug Retailers. It was approved for an SBA 7(a) loan of $775,000 for a change of ownership on December 8, 2023.
SBA 7(a) loan, change of ownership, approved Dec 8, 2023
- Gross approval
- $775,000
- SBA-guaranteed amount
- $581,250 (75% of the approval)
- Lender
- Byline Bank, Chicago, IL
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- December 8, 2033 (estimated, approval date plus term)
- Estimated monthly payment
- $10,786 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jan 4, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 32
- Business type
- Corporation
- NAICS
- 456110, Pharmacies and Drug Retailers
- Project location
- Wake County, NC
- SBA district office
- North Carolina District Office
- Congressional district
- NC-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 12% 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 North Carolina: $1,952,444.
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 North Carolina
- Sanford Pharmacy LLC, Sanford
- Reform Healthcare LLC, Knightdale
- Nyra Holdings, LLC, Raleigh
- Aamd LLC, Winston Salem
- Southern Village Pharmacy, Inc., Chapel Hill