Mansfield Drug
Mansfield Drug is located in Mansfield, LA, and the SBA lists its industry as Pharmacies and Drug Retailers. It was approved for an SBA 7(a) loan of $918,000 for a change of ownership on January 23, 2025.
SBA 7(a) loan, change of ownership, approved Jan 23, 2025
- Gross approval
- $918,000
- SBA-guaranteed amount
- $688,500 (75% of the approval)
- Lender
- Community Bank of Louisiana, Mansfield, LA
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 8.25%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- January 23, 2050 (estimated, approval date plus term)
- Estimated monthly payment
- $7,238 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Feb 27, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 7
- Business type
- Corporation
- NAICS
- 456110, Pharmacies and Drug Retailers
- Project location
- De Soto County, LA
- SBA district office
- Louisiana District Office
- Congressional district
- LA-04
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 26% 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 Louisiana: $1,702,056.
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 Louisiana
- J & J RX Network, LLC, Lafayette
- Park Pharmacy LLC, Youngsville
- DMS Pharmacy, LLC, New Iberia
- Thrift Town RX LLC, Livingston
- C&t Pharmacy LLC, Slidell