Pharmacy Business Loans
PharmacyValuations.com is a source for pharmacy business loans. As a conduit to a number of Lenders that understand the current dynamics of the pharmacy industry, we able to assist pharmacy owners with all of their pharmacy finance needs.
When a pharmacy owner is looking to expand their business, or a pharmacist wants to buy their first community drug store, we are here to assist the process. There is no up-front cost or obligation for our assistance. When you decide to move forward with pursuing any form of pharmacy financing, we work directly with you to package the documents and send them to right pharmacy lenders.
Loans from Local Banks
We hear from many pharmacy owners who have approached a local bank about financing either the growth of their current business or the acquisition of a new drug store. Lenders who do not normally provide business loans to pharmacy owners, have staff who do not understand that in acquisitions, customer files are seen as assets. They also make statements about the non-secure inventory – “the little pills that can quickly walk out the door.” Pharmacy owners spin their wheels and waste a bunch of time approaching these banks. Skip the headaches and let us guide you to a knowledgeable pharmacy lender.
Small Business Administration Loans
In today’s market we are seeing a majority of the funding obtained by independent drug store owners come through the Federal Government’s Small Business Administration’s (SBA) 7(a) Loan Program. This program guarantees a certain percentage of the loan, reducing the risk to the lender. With cuts in reimbursements, higher DIR Fees, and lower net profits reducing the lender’s risk is essential to motivate a lender in providing the necessary pharmacy finance required by independent pharmacy owners.
Learn more about 7(a) SBA Loans
When you have a need for any type of pharmacy financing contact us. We will be glad to spend time talking with you about your goals and the process of getting your needs met.
If you are a pharmacy owner who is considering investments in other industries, follow the link to find additional articles about business funding.