Pharmacies and Drug Retailers acquisitions in New Jersey: SBA loan data
Since FY2018, SBA lenders have approved 21 7(a) loans to buy an existing business classified as Pharmacies and Drug Retailers in New Jersey, totaling $33.4M. The median loan was $1,500,000. That is 1.9% of the 1,130 acquisition loans in New Jersey.
Seller note standby terms and third-party consents are reviewed before closing.
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How this compares
The median Pharmacies and Drug Retailers loan in New Jersey is 108% higher than the $719,500 median for all New Jersey acquisitions, and 28% higher 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 2.0% of seasoned New Jersey acquisition loans of any type.
Pharmacies and Drug Retailers acquisition loans in New Jersey by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 5 | $11.5M | $2,035,000 | |
| FY2019 | 0 | $0 | - | |
| FY2020 | 2 | $4.1M | $2,047,500 | |
| FY2021 | 3 | $5.1M | $550,000 | |
| FY2022 | 1 | $200K | $200,000 | |
| FY2023 | 2 | $2.1M | $1,055,000 | |
| FY2024 | 1 | $409K | $409,000 | |
| FY2025 | 4 | $7.9M | $1,838,500 | |
| FY2026 | 3 | $2.1M | $840,000 |
How often do these acquisition loans fail?
Fewer than 20 Pharmacies and Drug Retailers in New Jersey 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 | 4 | 19.0% | $10.9M | |
| 2 | Unity Bank | 3 | 14.3% | $5.9M | |
| 3 | Fulton Bank, National Association | 2 | 9.5% | $4.9M | |
| 4 | First Financial Bank | 2 | 9.5% | $4M | |
| 5 | The Huntington National Bank | 2 | 9.5% | $1.2M |
Top franchise brands
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | The Medicine Shoppe | 1 | 4.8% | $2.4M |
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Questions buyers ask
How much do SBA loans for Pharmacies and Drug Retailers acquisitions in New Jersey run?
The median SBA 7(a) loan was $1,500,000 across 21 loans (FY2018 to FY2026), with the middle half between $550,000 and $2,035,000. 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 New Jersey?
Live Oak Banking Company (4), Unity Bank (3), Fulton Bank, National Association (2), First Financial Bank (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 New Jersey?
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 New Jersey?
1 of the 21 loans (5%) involved a franchise brand, most often The Medicine Shoppe (1).
Terms signed in the LOI shape the purchase agreement that follows.
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Related
- All New Jersey 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 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 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 5% of the count. Industry is the NAICS code the lender recorded. See the methodology.