SBA Loans for Pharmacies and Drug Stores in Ohio: Top Lenders

NAICS 446

NAICS 446 covers pharmacies and drug stores businesses in Ohio. Based on historical SBA 7(a) lending data.

Total Approvals

7

in Ohio

Median Loan Size

$146,500

per approval

Recent Activity

0

last 90 days through Jun 2021

NAICS 446 covers pharmacies and drug stores businesses. This is a smaller category in SBA 7(a) lending with 7 approvals on record and a median loan size of $146,500.

Key trends & insights

  • Pharmacies and Drug Stores in Ohio lending is concentrated — THE Huntington National Bank, Byline Bank, Telhio Credit Union, INC. together account for 86% of all approvals. If you're in this industry, these are your highest-probability lenders.
  • THE Huntington National Bank leads this industry with 4 approvals (57% market share) and a median loan of $16,500.
  • Pharmacies and Drug Stores in Ohio loans skew smaller than the SBA average at $146,500 median (vs. ~$450,000 overall) — good news if you need a smaller amount and want to avoid lenders with high minimums.
  • SBA data for this industry goes through 2021-06-24 — 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 Ohio

#LenderApprovalsMedian Size
14$16,500
21$525,000
31$146,500
41$2,318,400

Recent SBA 7(a) approvals for Pharmacies and Drug Stores in Ohio

MonthLenderBorrowerAmount
2021-12Live Oak Banking CompanyQua*****nc.$900,000
2021-06The Huntington National BankVer*****ion$8,000
2021-05The Huntington National BankWel*****LLC$5,500
2021-03The Huntington National BankAlb*****LLC$25,000
2021-03The Huntington National BankAlb*****LLC$436,000
2021-02Byline BankIHS*****LLC$525,000
2020-08First Financial BankFal*****LLC$2,318,400
2020-03Telhio Credit Union IncVit*****nc.$146,500

Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.

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