Pharmacies and Drug Retailers acquisitions in Alabama: SBA loan data
Since FY2018, SBA lenders have approved 15 7(a) loans to buy an existing business classified as Pharmacies and Drug Retailers in Alabama, totaling $22.7M. The median loan was $950,000. That is 3.2% of the 476 acquisition loans in Alabama.
The purchase agreement decides what you bought, not the loan approval.
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How this compares
The median Pharmacies and Drug Retailers loan in Alabama is 21% higher than the $787,850 median for all Alabama acquisitions, and 19% lower than the $1,172,500 median for Pharmacies and Drug Retailers acquisitions nationwide (496 loans).
This combination has too few seasoned loans for a reliable charge-off rate. Nationally, 3.3% of seasoned Pharmacies and Drug Retailers acquisition loans were charged off, and 3.5% of seasoned Alabama acquisition loans of any type.
Pharmacies and Drug Retailers acquisition loans in Alabama by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 1 | $1.4M | $1,425,000 | |
| FY2019 | 0 | $0 | - | |
| FY2020 | 6 | $9.1M | $1,087,500 | |
| FY2021 | 2 | $2.6M | $1,277,500 | |
| FY2022 | 1 | $900K | $900,000 | |
| FY2023 | 2 | $6M | $2,975,000 | |
| FY2024 | 1 | $725K | $725,000 | |
| FY2025 | 1 | $1.4M | $1,365,000 | |
| FY2026 | 1 | $740K | $740,000 |
How often do these acquisition loans fail?
Fewer than 20 Pharmacies and Drug Retailers in Alabama acquisition loans are old enough to measure losses reliably, so no charge-off rate is shown. The benchmark across all SBA acquisition loans in the FY2018 to FY2021 cohort is 3.5% by count. Non-acquisition 7(a) loans (every other stated purpose) approved FY2018 to FY2021 charged off at 6.2%.
"Charged off" is the SBA's final loss action on a defaulted loan after collection efforts. It lags default by a year or more, which is why only older cohorts are measured. It is not the same as a delinquency rate, and loans still outstanding can still fail. See charge-off in the glossary.
Seller note standby terms and third-party consents are reviewed before closing.
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Top lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Live Oak Banking Company | 5 | 33.3% | $8.7M | |
| 2 | First Financial Bank | 5 | 33.3% | $5.4M | |
| 3 | Beacon Bank and Trust | 1 | 6.7% | $5M | |
| 4 | CommerceOne Bank | 1 | 6.7% | $1.6M | |
| 5 | The Bancorp Bank National Association | 1 | 6.7% | $900K |
Top franchise brands
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Health Mart Pharmacy | 2 | 13.3% | $2.3M | |
| 2 | The Medicine Shoppe | 1 | 6.7% | $1.4M |
Terms signed in the LOI shape the purchase agreement that follows.
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Questions buyers ask
How much do SBA loans for Pharmacies and Drug Retailers acquisitions in Alabama run?
The median SBA 7(a) loan was $950,000 across 15 loans (FY2018 to FY2026). The loan excludes the buyer's equity and any seller note and may include working capital, so the price is usually higher than the loan.
Which banks finance Pharmacies and Drug Retailers acquisitions in Alabama?
Live Oak Banking Company (5), First Financial Bank (5), Beacon Bank and Trust (1), CommerceOne Bank (1), The Bancorp Bank National Association (1).
How often do Pharmacies and Drug Retailers acquisition loans fail in Alabama?
Fewer than 20 loans in this combination are old enough to measure losses reliably, so no rate is shown. The national benchmark for all SBA acquisition loans is 3.5% (FY2018 to FY2021 cohort).
Are franchised businesses part of Pharmacies and Drug Retailers acquisitions in Alabama?
3 of the 15 loans (20%) involved a franchise brand, most often Health Mart Pharmacy (2).
Terms signed in the LOI shape the purchase agreement that follows.
Request Engagement AssessmentAlex Lubyansky leads every engagement.
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Related
- All Alabama acquisitions
- Pharmacies and Drug Retailers nationally
- Pharmacies and Drug Retailers in California
- Pharmacies and Drug Retailers in Louisiana
- Pharmacies and Drug Retailers in New York
- Pharmacies and Drug Retailers in Ohio
- Pharmacies and Drug Retailers in North Carolina
- Pharmacies and Drug Retailers in New Jersey
- Pharmacies and Drug Retailers in Michigan
- Pharmacies and Drug Retailers in Georgia
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Small samples move a lot: each loan in this combination is 7% of the count. Industry is the NAICS code the lender recorded. See the methodology.