Elite Pharmacy New Philadelphia LLC
Elite Pharmacy New Philadelphia LLC is a pharmacy and drug retailer located in New Philadelphia, Ohio, under NAICS code 456110. The company was financed with an SBA 7(a) loan for a change of ownership totaling $1,375,000, approved on June 13, 2024, through Live Oak Banking Company.
SBA 7(a) loan, change of ownership, approved Jun 13, 2024
$1,375,000 approvedLender: Live Oak Banking Company13 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,375,000
- SBA-guaranteed amount
- $1,031,250 (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
- 9.95%, variable
- Term
- 13 years (156 months)
- Estimated maturity
- June 13, 2037 (estimated, approval date plus term)
- Estimated monthly payment
- $15,742 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jul 25, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 8
- Business type
- Corporation
- NAICS
- 456110, Pharmacies and Drug Retailers
- Project location
- Tuscarawas County, OH
- SBA district office
- Columbus District Office
- Congressional district
- OH-06
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 51% 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 Ohio: $1,840,340.
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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