Pharmacies and Drug Retailers acquisitions in Louisiana: SBA loan data
Since FY2018, SBA lenders have approved 24 7(a) loans to buy an existing business classified as Pharmacies and Drug Retailers in Louisiana, totaling $28.8M. The median loan was $1,030,000. That is 5.6% of the 430 acquisition loans in Louisiana.
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How this compares
The median Pharmacies and Drug Retailers loan in Louisiana is 32% higher than the $782,250 median for all Louisiana acquisitions, and 12% 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 6.4% of seasoned Louisiana acquisition loans of any type.
Pharmacies and Drug Retailers acquisition loans in Louisiana by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 1 | $1.8M | $1,800,000 | |
| FY2019 | 2 | $3.2M | $1,575,000 | |
| FY2020 | 9 | $13.2M | $1,300,000 | |
| FY2021 | 1 | $985K | $985,000 | |
| FY2022 | 3 | $2.7M | $800,000 | |
| FY2023 | 1 | $1.6M | $1,600,000 | |
| FY2024 | 4 | $3.2M | $918,000 | |
| FY2025 | 3 | $2.3M | $822,500 | |
| FY2026 | 0 | $0 | - |
How often do these acquisition loans fail?
Fewer than 20 Pharmacies and Drug Retailers in Louisiana 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.
Terms signed in the LOI shape the purchase agreement that follows.
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Top lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | First Financial Bank | 11 | 45.8% | $15.2M | |
| 2 | Byline Bank | 3 | 12.5% | $2.2M | |
| 3 | Regions Bank | 2 | 8.3% | $4.9M | |
| 4 | Live Oak Banking Company | 2 | 8.3% | $2.8M | |
| 5 | The Huntington National Bank | 2 | 8.3% | $1.3M |
Top franchise brands
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | The Medicine Shoppe | 2 | 8.3% | $2.1M | |
| 2 | Health Mart Pharmacy | 1 | 4.2% | $1.9M |
The purchase agreement decides what you bought, not the loan approval.
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Questions buyers ask
How much do SBA loans for Pharmacies and Drug Retailers acquisitions in Louisiana run?
The median SBA 7(a) loan was $1,030,000 across 24 loans (FY2018 to FY2026), with the middle half between $790,000 and $1,500,000. 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 Louisiana?
First Financial Bank (11), Byline Bank (3), Regions Bank (2), Live Oak Banking Company (2), The Huntington National Bank (2). Some lenders repeatedly finance this industry in this state; the counts above show which.
How often do Pharmacies and Drug Retailers acquisition loans fail in Louisiana?
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 Louisiana?
3 of the 24 loans (13%) involved a franchise brand, most often The Medicine Shoppe (2).
Seller note standby terms and third-party consents are reviewed before closing.
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Related
- All Louisiana acquisitions
- Financing one? How to get an SBA loan to buy a pharmacy
- Pharmacies and Drug Retailers nationally
- Pharmacies and Drug Retailers in California
- 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
- Pharmacies and Drug Retailers in Pennsylvania
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Small samples move a lot: each loan in this combination is 4% of the count. Industry is the NAICS code the lender recorded. See the methodology.