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SBA Loans for Pharmacies and Drug Stores: Top Lenders & Recent Approvals

NAICS 446

NAICS 446 covers pharmacies and drug stores businesses. Based on historical SBA 7(a) lending data.

Total Approvals

263

for Pharmacies and Drug Stores

Median Loan Size

$330,000

per approval

Recent Activity

1

last 90 days through Dec 2025

NAICS 446 covers pharmacies and drug stores businesses. This is a moderately active sector for SBA 7(a) lending with 263 approvals and a median loan size of $330,000.

Key trends & insights

  • SBA lending to pharmacies and drug stores businesses declined 55% year-over-year — from 33 to 15 approvals.
  • Total SBA dollars flowing into this industry decreased by 23% year-over-year, reaching $6,149,600 in the trailing 12 months.
  • The typical loan size for pharmacies and drug stores has increased 27% — average median moving from $398,667 to $506,217.
  • Loan sizes vary dramatically by location — the median in South Carolina ($787,100) is 11.5x higher than Puerto Rico ($68,700).

Lending trends for Pharmacies and Drug Stores

↓ 55%loan volume YoY
↓ 23%dollar volume YoY
Total loaned ($)
Median loan size
Feb '22May '22Aug '22Dec '22Apr '23Oct '23Apr '24Mar '25

Top lenders by historical volume

#LenderApprovalsMedian Size
1
Live OAK Banking Company
21$1,150,000
2
TD Bank, National Association
14$50,000
3
U.s. Bank, National Association
11$35,000
4
First Financial Bank
11$1,350,000
5
Wells Fargo Bank, National Association
10$15,000
6
Banco Popular DE Puerto Rico
10$132,000
7
Manufacturers AND Traders Trust Company
8$100,000
8
THE Huntington National Bank
7$25,000
9
United Community Bank
7$380,000
10
Jpmorgan Chase Bank, National Association
7$112,700
11
Metro City Bank
5$1,070,000
12
Bank OF Hope
5$150,000
13
GBC International Bank
4$500,000
14
Oriental Bank
4$94,900
15
Newtek Small Business Finance, INC.
4$113,000
16
Bayfirst National Bank
4$150,000
17
Citizens Bank
4$577,700
18
Byline Bank
4$525,000
19
Peoplefund
3$90,700
20
United Midwest Savings Bank, National Association
3$150,000

Recent SBA 7(a) approvals for Pharmacies and Drug Stores

MonthLenderBorrowerAmount
2025-12Newtek Bank, National AssociationCit*****Inc$2,000,000
2025-05Newtek Bank, National AssociationBel*****LLC$22,000
2025-03Woodlands Community Lenders, Inc.Bec*****ore$20,000
2024-11FirstBank Puerto RicoPha*****.C.$25,000
2024-08TD Bank, National AssociationBer*****acy$50,000
2024-08TD Bank, National AssociationBec*****nc.$25,000
2024-04Shinhan Bank AmericaJoy*****nc.$2,000,000
2024-02TD Bank, National AssociationALE*****NC.$80,000
2023-11TD Bank, National AssociationHea*****nc.$250,000
2023-11Brooklyn Cooperative FCUBla*****Inc$25,000
2023-10Banco Popular de Puerto RicoD&**LLC$15,000
2023-08BayFirst National BankBig*****LLC$862,600
2023-08TD Bank, National AssociationDeb*****LLC$25,000
2023-05Bank of America, National AssociationBK *****nc.$500,000
2023-04TD Bank, National AssociationSN *****LLC$250,000
2023-03State Bank of Southern UtahJW**LLC$58,000
2023-03BayFirst National BankHin*****nc.$150,000
2023-02Banco Popular de Puerto RicoOpt*****LLC$54,000
2023-02Banco Popular de Puerto RicoOpt*****LLC$10,000
2022-12U.S. Bank, National AssociationTEA*****LLC$1,700,000
2022-11JPMorgan Chase Bank, National AssociationElg*****inc$100,000
2022-11BayFirst National BankINF*****LLC$150,000
2022-10Live Oak Banking CompanyPAR*****NC.$950,000
2022-10Pioneer BankSee*****LLC$400,000
2022-08TD Bank, National AssociationAsh*****LLC$20,000

Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.

Activity by state

CA33NY22TX21FL19NJ15PR15GA11PA10NC9LA7MI7OH7VA7SC6MO6WA6MA5AL4AZ4IL4KY4MN4OK4WI4NM3CT3UT3MD2IN2IA2TN2WV2OR2VT2CO2NV1RI1DE1MS1
Less active
More active

State-by-state breakdown

#StateApprovals
1California33
2New York22
3Texas21
4Florida19
5New Jersey15
6Puerto Rico15
7Georgia11
8Pennsylvania10
9North Carolina9
10Louisiana7
11Michigan7
12Ohio7
13Virginia7
14South Carolina6
15Missouri6
16Washington6
17Massachusetts5
18Alabama4
19Arizona4
20Illinois4
21Kentucky4
22Minnesota4
23Oklahoma4
24Wisconsin4
25New Mexico3

SBA loans for Pharmacies and Drug Stores by state

Pharmacies and Drug Stores in California33 approvalsPharmacies and Drug Stores in New York22 approvalsPharmacies and Drug Stores in Texas21 approvalsPharmacies and Drug Stores in Florida19 approvalsPharmacies and Drug Stores in New Jersey15 approvalsPharmacies and Drug Stores in Puerto Rico15 approvalsPharmacies and Drug Stores in Georgia11 approvalsPharmacies and Drug Stores in Pennsylvania10 approvalsPharmacies and Drug Stores in North Carolina9 approvalsPharmacies and Drug Stores in Louisiana7 approvals

Similar industries

All Other Specialty Food Stores

NAICS 445 · 2,259 approvals

Boat Dealers

NAICS 441 · 720 approvals

Nursery and Garden Centers

NAICS 444 · 486 approvals

Gasoline Stations with Convenience Stores

NAICS 447 · 362 approvals

NAICS 449

NAICS 449 · 345 approvals

Jewelry Stores

NAICS 448 · 284 approvals

All Other Home Furnishings Stores

NAICS 442 · 167 approvals

Electronics Stores

NAICS 443 · 46 approvals

Frequently asked questions about SBA loans for Pharmacies and Drug Stores

Who are the top SBA lenders for Pharmacies and Drug Stores?▾

Based on historical SBA 7(a) data, the most active lenders for Pharmacies and Drug Stores (NAICS 446) include Live OAK Banking Company, TD Bank, National Association, U.s. Bank, National Association, and 17 more. Live OAK Banking Company leads with 21 approved loans.

What is the typical SBA loan size for Pharmacies and Drug Stores?▾

The median SBA 7(a) loan amount for Pharmacies and Drug Stores businesses is $330,000, based on 263 total approved loans in the dataset.

Which states have the most SBA lending activity for Pharmacies and Drug Stores?▾

California leads with 33 SBA 7(a) approvals for Pharmacies and Drug Stores, followed by New York (22) and Texas (21).

How do I find the best SBA lender for my pharmacies and drug stores business?▾

Start by reviewing the lender rankings on this page, which are based on real SBA approval data for NAICS 446. You can also use the MyLenderPilot Lender Fit Quiz to get a personalized ranking based on your state, loan size, and years in business.

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