Pharmacies and Drug Retailers acquisitions in Pennsylvania: SBA loan data
Since FY2018, SBA lenders have approved 19 7(a) loans to buy an existing business classified as Pharmacies and Drug Retailers in Pennsylvania, totaling $22M. The median loan was $860,000. That is 1.1% of the 1,765 acquisition loans in Pennsylvania.
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How this compares
The median Pharmacies and Drug Retailers loan in Pennsylvania is 61% higher than the $535,000 median for all Pennsylvania acquisitions, and 27% 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 2.1% of seasoned Pennsylvania acquisition loans of any type.
Pharmacies and Drug Retailers acquisition loans in Pennsylvania by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 1 | $950K | $950,000 | |
| FY2019 | 3 | $1.1M | $450,000 | |
| FY2020 | 3 | $4.3M | $1,350,000 | |
| FY2021 | 5 | $7.3M | $950,200 | |
| FY2022 | 0 | $0 | - | |
| FY2023 | 3 | $1.4M | $448,000 | |
| FY2024 | 0 | $0 | - | |
| FY2025 | 2 | $5.9M | $2,930,000 | |
| FY2026 | 2 | $1.1M | $557,000 |
How often do these acquisition loans fail?
Fewer than 20 Pharmacies and Drug Retailers in Pennsylvania 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 | Live Oak Banking Company | 8 | 42.1% | $16.1M | |
| 2 | PNC Bank, National Association | 2 | 10.5% | $835K | |
| 3 | Fulton Bank, National Association | 2 | 10.5% | $498K | |
| 4 | Northwest Bank | 1 | 5.3% | $950K | |
| 5 | First Financial Bank | 1 | 5.3% | $900K |
Top franchise brands
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Good Neighbor Pharmacy | 1 | 5.3% | $1.4M |
That draft favors the seller. We review it for the buyer, line by line.
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Questions buyers ask
How much do SBA loans for Pharmacies and Drug Retailers acquisitions in Pennsylvania run?
The median SBA 7(a) loan was $860,000 across 19 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 Pennsylvania?
Live Oak Banking Company (8), PNC Bank, National Association (2), Fulton Bank, National Association (2), Northwest Bank (1), First Financial Bank (1).
How often do Pharmacies and Drug Retailers acquisition loans fail in Pennsylvania?
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 Pennsylvania?
1 of the 19 loans (5%) involved a franchise brand, most often Good Neighbor Pharmacy (1).
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Related
- All Pennsylvania 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 New Jersey
- Pharmacies and Drug Retailers in Michigan
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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.