Pharmacies and Drug Retailers acquisitions in Ohio: SBA loan data
Since FY2018, SBA lenders have approved 22 7(a) loans to buy an existing business classified as Pharmacies and Drug Retailers in Ohio, totaling $27.1M. The median loan was $1,187,500. That is 1.2% of the 1,821 acquisition loans in Ohio.
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How this compares
The median Pharmacies and Drug Retailers loan in Ohio is 116% higher than the $549,000 median for all Ohio acquisitions, and in line with 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 1.9% of seasoned Ohio acquisition loans of any type.
Pharmacies and Drug Retailers acquisition loans in Ohio by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 2 | $2.4M | $1,175,000 | |
| FY2019 | 3 | $4.8M | $1,340,000 | |
| FY2020 | 4 | $5.2M | $1,225,000 | |
| FY2021 | 4 | $3.7M | $875,000 | |
| FY2022 | 2 | $2M | $1,000,000 | |
| FY2023 | 2 | $1.6M | $807,500 | |
| FY2024 | 2 | $4.5M | $2,250,000 | |
| FY2025 | 1 | $1.2M | $1,225,000 | |
| FY2026 | 2 | $1.7M | $865,650 |
How often do these acquisition loans fail?
Fewer than 20 Pharmacies and Drug Retailers in Ohio 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.
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Top lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Live Oak Banking Company | 9 | 40.9% | $10.2M | |
| 2 | First Financial Bank | 7 | 31.8% | $10M | |
| 3 | The Huntington National Bank | 2 | 9.1% | $1.7M | |
| 4 | PNC Bank, National Association | 1 | 4.5% | $3.1M | |
| 5 | The Commercial and Savings Bank of Millersburg, Ohio | 1 | 4.5% | $900K |
Top franchise brands
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | The Medicine Shoppe | 3 | 13.6% | $4.7M | |
| 2 | Good Neighbor Pharmacy | 1 | 4.5% | $2.3M | |
| 3 | Health Mart Pharmacy | 1 | 4.5% | $1.3M |
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Questions buyers ask
How much do SBA loans for Pharmacies and Drug Retailers acquisitions in Ohio run?
The median SBA 7(a) loan was $1,187,500 across 22 loans (FY2018 to FY2026), with the middle half between $862,500 and $1,368,750. 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 Ohio?
Live Oak Banking Company (9), First Financial Bank (7), The Huntington National Bank (2), PNC Bank, National Association (1), The Commercial and Savings Bank of Millersburg, Ohio (1). 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 Ohio?
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 Ohio?
5 of the 22 loans (23%) involved a franchise brand, most often The Medicine Shoppe (3).
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Related
- All Ohio 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 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 5% of the count. Industry is the NAICS code the lender recorded. See the methodology.