Med Mart WeCo LLC
Med Mart WeCo LLC, located in West Columbia, SC, operates in the pharmacies and drug retailers industry. The business was financed with an SBA 7(a) loan for a change of ownership of $2.04 million, approved on December 21, 2023 by United Community Bank.
SBA 7(a) loan, change of ownership, approved Dec 21, 2023
$2,040,000 approvedLender: United Community Bank169 months termPaid in fullLoan details
- Gross approval
- $2,040,000
- SBA-guaranteed amount
- $1,530,000 (75% of the approval)
- Lender
- United Community Bank, Greenville, SC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.5%, variable
- Term
- 14 years, 1 month (169 months)
- Estimated maturity
- January 21, 2038 (estimated, approval date plus term)
- Estimated monthly payment
- $20,742 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Mar 1, 2024
- Loan status
- Paid in full
- Jobs supported
- 11
- Business type
- Corporation
- NAICS
- 456110, Pharmacies and Drug Retailers
- Project location
- Lexington County, SC
- SBA district office
- South Carolina District Office
- Congressional district
- SC-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 73% 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 South Carolina: $1,827,509.
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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