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Southern Village Pharmacy, Inc.

Chapel Hill, NC · Pharmacies and Drug Retailers · NAICS 456110

Southern Village Pharmacy, Inc. is a pharmacy and drug retailer located in Chapel Hill, North Carolina, classified under NAICS code 456110. The business was financed with an SBA 7(a) loan for a change of ownership in the amount of $1.4 million, approved by Live Oak Banking Company on December 17, 2024.

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

$1,400,000 approvedLender: Live Oak Banking Company10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,400,000
SBA-guaranteed amount
$1,050,000 (75% of the approval)
Lender
Live Oak Banking Company, Wilmington, NC
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.9%, variable
Term
10 years (120 months)
Estimated maturity
December 17, 2034 (estimated, approval date plus term)
Estimated monthly payment
$18,424 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jan 3, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
4
Business type
Corporation
NAICS
456110, Pharmacies and Drug Retailers
Project location
Orange County, NC
SBA district office
North Carolina District Office
Congressional district
NC-04
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 52% 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