SBA Loans for Pharmacies and Drug Stores in Massachusetts: Top Lenders
NAICS 446NAICS 446 covers pharmacies and drug stores businesses in Massachusetts. Based on historical SBA 7(a) lending data.
Total Approvals
5
in Massachusetts
Median Loan Size
$150,000
per approval
Recent Activity
0
last 90 days through Nov 2022
NAICS 446 covers pharmacies and drug stores businesses. This is a smaller category in SBA 7(a) lending with 5 approvals on record and a median loan size of $150,000.
Key trends & insights
- Pharmacies and Drug Stores in Massachusetts lending is concentrated — Salem Five Cents Savings Bank, Bayfirst National Bank, Ameris Bank together account for 80% of all approvals. If you're in this industry, these are your highest-probability lenders.
- Salem Five Cents Savings Bank leads this industry with 2 approvals (40% market share) and a median loan of $332,000.
- Pharmacies and Drug Stores in Massachusetts loans skew smaller than the SBA average at $150,000 median (vs. ~$450,000 overall) — good news if you need a smaller amount and want to avoid lenders with high minimums.
- SBA data for this industry goes through 2022-11-29 — the SBA releases lending data on a quarterly lag, so recent activity may not yet be reflected.
Most active SBA lenders for Pharmacies and Drug Stores in Massachusetts
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 2 | $332,000 | |
| 2 | 1 | $150,000 | |
| 3 | 1 | $416,000 | |
| 4 | 1 | $20,000 |
Recent SBA 7(a) approvals for Pharmacies and Drug Stores in Massachusetts
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2022-11 | BayFirst National Bank | INF*****LLC | AMHERST, MA | $150,000 |
| 2021-06 | Align Credit Union | Kni*****ion | GARDNER, MA | $20,000 |
| 2021-02 | Ameris Bank | Ess*****LLC | WORCESTER, MA | $416,000 |
| 2020-02 | Salem Five Cents Savings Bank | RP**LLC | Marblehead, MA | $639,000 |
| 2020-02 | Salem Five Cents Savings Bank | RP**LLC | Marblehead, MA | $25,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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