Hometown Pharmacy LLC
Hometown Pharmacy LLC is a pharmacy and drug retailer located in Raleigh, North Carolina, classified under NAICS code 456110. The company was financed with an SBA 7(a) loan for a change of ownership of $775,000, approved on December 8, 2023 by Byline Bank.
SBA 7(a) loan, change of ownership, approved Dec 8, 2023
- Gross approval
- $775,000
- SBA-guaranteed amount
- $581,250 (75% of the approval)
- Lender
- Byline Bank, Chicago, IL
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- December 8, 2033 (estimated, approval date plus term)
- Estimated monthly payment
- $10,786 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jan 4, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 32
- Business type
- Corporation
- NAICS
- 456110, Pharmacies and Drug Retailers
- Project location
- Wake County, NC
- SBA district office
- North Carolina District Office
- Congressional district
- NC-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 12% 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 North Carolina: $1,952,444.
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 North Carolina
- Sanford Pharmacy LLC, Sanford
- Reform Healthcare LLC, Knightdale
- Nyra Holdings, LLC, Raleigh
- Aamd LLC, Winston Salem
- Southern Village Pharmacy, Inc., Chapel Hill