Main Street Registry

Riverdale Pharmacy LLC

Bronx, NY · Pharmacies and Drug Retailers · NAICS 456110

Riverdale Pharmacy LLC, located in Bronx, NY, operates in the pharmacies and drug retailers industry (NAICS 456110). The company was financed with an SBA 7(a) loan for a change of ownership of $1,060,000, approved on November 16, 2023 by First Financial Bank.

SBA 7(a) loan, change of ownership, approved Nov 16, 2023

$1,060,000 approvedLender: First Financial Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,060,000
SBA-guaranteed amount
$795,000 (75% of the approval)
Lender
First Financial Bank, El Dorado, AR
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.5%, variable
Term
10 years (120 months)
Estimated maturity
November 16, 2033 (estimated, approval date plus term)
Estimated monthly payment
$14,303 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Dec 11, 2023
Loan status
Status not reported (SBA exemption)
Jobs supported
6
Business type
Corporation
NAICS
456110, Pharmacies and Drug Retailers
Project location
Bronx County, NY
SBA district office
New York District Office
Congressional district
NY-13
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 34% 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 New York: $1,771,512.

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 New York