SBA Loans for Pharmacies and Drug Stores in Alabama: Top Lenders
NAICS 446NAICS 446 covers pharmacies and drug stores businesses in Alabama. Based on historical SBA 7(a) lending data.
Total Approvals
4
in Alabama
Median Loan Size
$506,500
per approval
Recent Activity
0
last 90 days through Oct 2022
NAICS 446 covers pharmacies and drug stores businesses. This is a smaller category in SBA 7(a) lending with 4 approvals on record and a median loan size of $506,500.
Key trends & insights
- Pharmacies and Drug Stores in Alabama lending is concentrated — Newtek Small Business Finance, INC., THE Bancorp Bank, National Association, Live OAK Banking Company together account for 75% of all approvals. If you're in this industry, these are your highest-probability lenders.
- Newtek Small Business Finance, INC. leads this industry with 1 approvals (25% market share) and a median loan of $113,000.
- SBA data for this industry goes through 2022-10-24 — the SBA releases lending data on a quarterly lag, so recent activity may not yet be reflected.
Most active SBA lenders for Pharmacies and Drug Stores in Alabama
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 1 | $113,000 | |
| 2 | 1 | $900,000 | |
| 3 | 1 | $950,000 | |
| 4 | 1 | $12,500 |
Recent SBA 7(a) approvals for Pharmacies and Drug Stores in Alabama
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2022-10 | Live Oak Banking Company | PAR*****NC. | ARAB, AL | $950,000 |
| 2022-01 | Newtek Small Business Finance, Inc. | Min*****LLC | ANNISTON, AL | $113,000 |
| 2021-06 | The Bancorp Bank National Association | J. *****LLC | Bayou La Batre, AL | $900,000 |
| 2021-02 | Cadence Bank | Ind*****LLC | BIRMINGHAM, AL | $4,890,000 |
| 2020-02 | Wells Fargo Bank National Association | u s*****llc | TUSCALOOSA, AL | $12,500 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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