Thrift Town RX LLC
Thrift Town RX LLC is located in Livingston, LA, and the SBA lists its industry as Pharmacies and Drug Retailers. It was approved for an SBA 7(a) loan of $1,313,000 for a change of ownership on April 17, 2024.
SBA 7(a) loan, change of ownership, approved Apr 17, 2024
- Gross approval
- $1,313,000
- SBA-guaranteed amount
- $984,750 (75% of the approval)
- Lender
- The Huntington National Bank, Columbus, OH
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10%, variable
- Term
- 15 years (180 months)
- Estimated maturity
- April 17, 2039 (estimated, approval date plus term)
- Estimated monthly payment
- $14,110 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Apr 30, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 6
- Business type
- Corporation
- NAICS
- 456110, Pharmacies and Drug Retailers
- Project location
- Livingston County, LA
- SBA district office
- Louisiana District Office
- Congressional district
- LA-06
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 45% 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 Louisiana: $1,702,056.
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 Louisiana
- J & J RX Network, LLC, Lafayette
- Mansfield Drug, Mansfield
- Park Pharmacy LLC, Youngsville
- DMS Pharmacy, LLC, New Iberia
- C&t Pharmacy LLC, Slidell