Whitaker Drugs Thomasville, LLC
Whitaker Drugs Thomasville, LLC is a pharmacy and drug retailer in Thomasville, Alabama, in the pharmacies and drug retailers industry. The business was financed with an SBA 7(a) loan for a change of ownership in the amount of $1,365,000, approved by First Financial Bank on November 21, 2024. The loan record lists 10 jobs.
SBA 7(a) loan, change of ownership, approved Nov 21, 2024
$1,365,000 approvedLender: First Financial Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,365,000
- SBA-guaranteed amount
- $1,023,750 (75% of the approval)
- Lender
- First Financial Bank, El Dorado, AR
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.75%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- November 21, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $17,850 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Nov 25, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 10
- Business type
- Corporation
- NAICS
- 456110, Pharmacies and Drug Retailers
- Project location
- Clarke County, AL
- SBA district office
- Alabama District Office
- Congressional district
- AL-07
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 49% 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 Alabama: $1,764,717.
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 Alabama
- Pharmacy Inc, Oneonta
- Hinkle Med, Inc., Bessemer