Novapharm Enterprises Inc
Novapharm Enterprises Inc, based in Westfield, PA, operates in the pharmacies and drug retailers industry. The company was financed with an SBA 7(a) loan for a change of ownership, in the amount of $860,000, approved on September 15, 2025 by Byline Bank.
SBA 7(a) loan, change of ownership, approved Sep 15, 2025
$860,000 approvedLender: Byline Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $860,000
- SBA-guaranteed amount
- $645,000 (75% of the approval)
- Lender
- Byline Bank, Chicago, IL
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- September 15, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $11,484 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 19, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 20
- Business type
- Corporation
- NAICS
- 456110, Pharmacies and Drug Retailers
- Project location
- Tioga County, PA
- SBA district office
- Philadelphia District Office
- Congressional district
- PA-12
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 21% 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 Pennsylvania: $1,636,965.
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 Pennsylvania
- Bowser Corporation, Du Bois
- Harrold's Pharmacy, Inc., Wilkes Barre