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C&t Pharmacy LLC

Slidell, LA · Pharmacies and Drug Retailers · NAICS 456110

C&t Pharmacy LLC is a pharmacy and drug retailer in Slidell, Louisiana, classified under NAICS 456110 (Pharmacies and Drug Retailers). The business was financed with an SBA 7(a) loan for a change of ownership, with a loan amount of $636,000 from First Financial Bank, approved on February 20, 2024, and the loan is associated with The Medicine Shoppe franchise.

SBA 7(a) loan, change of ownership, approved Feb 20, 2024

$636,000 approvedLender: First Financial Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$636,000
SBA-guaranteed amount
$477,000 (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
10.25%, variable
Term
10 years (120 months)
Estimated maturity
February 20, 2034 (estimated, approval date plus term)
Estimated monthly payment
$8,493 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Feb 28, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
9
Business type
Corporation
NAICS
456110, Pharmacies and Drug Retailers
Franchise
The Medicine Shoppe
Project location
Saint Tammany County, LA
SBA district office
Louisiana District Office
Congressional district
LA-01
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 5% 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 Louisiana: $1,702,056.

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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