Main Street Registry

Heartwell Specialty Pharmacy Corp.

Jamaica, NY · Pharmacies and Drug Retailers · NAICS 456110

Heartwell Specialty Pharmacy Corp. is a pharmacy and drug retailer located in Jamaica, New York, in the Pharmacies and Drug Retailers industry. The company was financed with an SBA 7(a) loan for a change of ownership totaling $1,240,000, approved on November 14, 2024, with Byline Bank as the lender. SBA records list 14 jobs associated with this loan.

SBA 7(a) loan, change of ownership, approved Nov 14, 2024

$1,240,000 approvedLender: Byline Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,240,000
SBA-guaranteed amount
$930,000 (75% of the approval)
Lender
Byline Bank, Chicago, IL
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.5%, variable
Term
10 years (120 months)
Estimated maturity
November 14, 2034 (estimated, approval date plus term)
Estimated monthly payment
$16,732 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Nov 19, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
14
Business type
Corporation
NAICS
456110, Pharmacies and Drug Retailers
Project location
Queens County, NY
SBA district office
New York District Office
Congressional district
NY-05
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 40% 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 New York: $1,771,512.

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.

Is this your company? Claim or correct this listing. See Corrections.

Same industry in New York