Stratford Apothecary LLC
Stratford Apothecary LLC is a pharmacy and drug retailer in Stratford, Connecticut, classified under NAICS 456110 (Pharmacies and Drug Retailers). The company was financed with an SBA 7(a) loan for a change of ownership in the amount of $2,030,000, with Byline Bank as the lender and approval dated July 3, 2024.
SBA 7(a) loan, change of ownership, approved Jul 3, 2024
$2,030,000 approvedLender: Byline Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $2,030,000
- SBA-guaranteed amount
- $1,522,500 (75% of the approval)
- Lender
- Byline Bank, Chicago, IL
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.75%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- July 3, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $27,677 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Sep 20, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 12
- Business type
- Corporation
- NAICS
- 456110, Pharmacies and Drug Retailers
- Project location
- Fairfield County, CT
- SBA district office
- Connecticut District Office
- Congressional district
- CT-03
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 72% 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 Connecticut: $1,992,959.
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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