Pharmacies and Drug Retailers acquisitions in New York: SBA loan data
Since FY2018, SBA lenders have approved 23 7(a) loans to buy an existing business classified as Pharmacies and Drug Retailers in New York, totaling $28.1M. The median loan was $1,035,500. That is 1.5% of the 1,530 acquisition loans in New York.
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How this compares
The median Pharmacies and Drug Retailers loan in New York is 79% higher than the $577,500 median for all New York 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 2.7% of seasoned New York acquisition loans of any type.
Pharmacies and Drug Retailers acquisition loans in New York by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 1 | $2.1M | $2,080,000 | |
| FY2019 | 5 | $6.6M | $967,500 | |
| FY2020 | 2 | $2.1M | $1,030,250 | |
| FY2021 | 0 | $0 | - | |
| FY2022 | 0 | $0 | - | |
| FY2023 | 1 | $520K | $520,000 | |
| FY2024 | 3 | $3M | $1,040,000 | |
| FY2025 | 3 | $3.8M | $1,240,000 | |
| FY2026 | 8 | $10M | $875,000 |
How often do these acquisition loans fail?
Fewer than 20 Pharmacies and Drug Retailers in New York 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 | Byline Bank | 7 | 30.4% | $12M | |
| 2 | Live Oak Banking Company | 5 | 21.7% | $7.7M | |
| 3 | First Financial Bank | 3 | 13.0% | $4.7M | |
| 4 | Community Bank, National Association | 3 | 13.0% | $150K | |
| 5 | Tompkins Community Bank | 2 | 8.7% | $993K |
Top franchise brands
No franchise brands recorded in this combination.
Seller note standby terms and third-party consents are reviewed before closing.
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Questions buyers ask
How much do SBA loans for Pharmacies and Drug Retailers acquisitions in New York run?
The median SBA 7(a) loan was $1,035,500 across 23 loans (FY2018 to FY2026), with the middle half between $725,000 and $1,450,000. 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 York?
Byline Bank (7), Live Oak Banking Company (5), First Financial Bank (3), Community Bank, National Association (3), Tompkins Community 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 York?
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 York?
None of the 23 loans in this combination were recorded with a franchise brand.
Seller note standby terms and third-party consents are reviewed before closing.
Submit Transaction DetailsAlex Lubyansky leads every engagement.
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Related
- All New York 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 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.