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Palmdale Medical Pharmacy Inc

Palmdale, CA · Pharmacies and Drug Retailers · NAICS 456110

Palmdale Medical Pharmacy Inc is a pharmacy and drug retailer in Palmdale, California. The business was financed with an SBA 7(a) loan for a change of ownership of $1,647,000, approved by Banesco USA on September 10, 2024.

SBA 7(a) loan, change of ownership, approved Sep 10, 2024

$1,647,000 approvedLender: Banesco USA10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,647,000
SBA-guaranteed amount
$1,235,250 (75% of the approval)
Lender
Banesco USA, Miami, FL
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
11.25%, variable
Term
10 years (120 months)
Estimated maturity
September 10, 2034 (estimated, approval date plus term)
Estimated monthly payment
$22,921 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Nov 8, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
17
Business type
Corporation
NAICS
456110, Pharmacies and Drug Retailers
Project location
Los Angeles County, CA
SBA district office
Los Angeles District Office
Congressional district
CA-25
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 64% 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 California: $1,688,228.

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 California