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Chi Rho Food & Beverage, LLC

Lakewood, WA · Pharmacies and Drug Retailers · NAICS 456110

Chi Rho Food & Beverage, LLC is a pharmacy and drug retailer in Lakewood, Washington, classified under NAICS code 456110. The business was financed with an SBA 7(a) loan for a change of ownership of $1.3 million, approved by Live Oak Banking Company on June 16, 2025. The loan is listed with 8 jobs.

SBA 7(a) loan, change of ownership, approved Jun 16, 2025

$1,300,000 approvedLender: Live Oak Banking Company10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,300,000
SBA-guaranteed amount
$975,000 (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
9.25%, variable
Term
10 years (120 months)
Estimated maturity
June 16, 2035 (estimated, approval date plus term)
Estimated monthly payment
$16,644 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Aug 21, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
8
Business type
Corporation
NAICS
456110, Pharmacies and Drug Retailers
Project location
Pierce County, WA
SBA district office
Seattle District Office
Congressional district
WA-06
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 43% 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 Washington: $1,784,595.

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 Washington