Hinkle Med, Inc.
Hinkle Med, Inc. is located in Bessemer, AL, and the SBA lists its industry as Pharmacies and Drug Retailers. It was approved for an SBA 7(a) loan of $725,000 for a change of ownership on January 4, 2024.
SBA 7(a) loan, change of ownership, approved Jan 4, 2024
- Gross approval
- $725,000
- SBA-guaranteed amount
- $543,750 (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
- 10.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- January 4, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $9,682 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jan 5, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 28
- Business type
- Corporation
- NAICS
- 456110, Pharmacies and Drug Retailers
- Project location
- Jefferson County, AL
- SBA district office
- Alabama District Office
- Congressional district
- AL-06
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 9% 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.
Is this your company? Claim or correct this listing. See Corrections.
Same industry in Alabama
- Pharmacy Inc, Oneonta
- Whitaker Drugs Thomasville, LLC, Thomasville