$4,000 – $1,000,000
HELPING YOU GROW
Pharmacy Business Loans
Amidst the COVID-19 pandemic, the healthcare sector has seen a notable surge in demand for medical supplies and healthcare essentials. The pharmaceutical industry is rapidly becoming one of the largest industrial sectors in the world. In terms of employment and revenue, the growth of this sector is impeccable. Even though pharma giants dominate the healthcare industry, independent pharmacies incorporate approx 40% of the industry.
Financing options for Starting or Buying a Pharmacy
Once you have your pharmacy ownership plan in place, consider your many options to finance your new pharmacy or purchase an existing pharmacy location.
Many different types of financing are available today, including:
- Traditional lenders, such as banks
- The Small Business Administration
- Alternative Business Funding
- Personal or family loans
It’s rare that just one type of financing is being used to start a pharmacy business or even the acquisition of a pharmacy. For this reason, it is important to understand all of the financing options available in order to determine the best options for your needs.
Pharmacy business loans or financing can help you accomplish the following:
- Hire More Skilled Laborer
- Upgrade Equipment
- Drug Supplies
- License Renewal
- Manage Cash Flow
Types of Pharmacy Business Loans
SBA 7(a) loans from $30,000 – $350,000 from the Capital for Business network can be used for debt refinancing and working capital. Working capital includes operational expenses, marketing, hiring, etc. SBA loan for a Pharmacy business can be used to fund new equipment purchases as well.
Bank Term Loans
A Business term loan from lenders in the Capital for Business network is between 2-5 years and loan amounts anywhere from $30,000 to $500,000
- $30,000 to $500,000 loan amounts
- 2-5 year terms
- Fixed interest rate from 7.99%
- Monthly repayments
Business Line of Credit
A business line of credit provided by Capital for Business is based on the revolving credit. That means you can use the funds repeatedly. Having a business line of credit provides you with extra flexibility and peace of mind when it comes to injecting money into your daily operations. It helps you avoid downtime and make sure things are running smoothly
- Receive up to $250k with a business line of credit
- Business lines of credit rates as low as 6%
Small Business Loan
A small business loan from our marketplace of 100+ alternative lenders will enable you to get the capital you need for your business growth. Our high approval rates mean that we say ‘Yes’ when banks say no. Our lending process which takes less than 5 minutes will not affect your fico score and we boast a 24-hour loan approval.
Working Capital Loan
Working Capital loans can help you take care of immediate needs in your business, whether that is a cash-flow shortfall or a new business opportunity. No collateral is required for our working capital loans or short-term funding, the required documentation is limited, and perfect credit is not needed. Nearly every industry can get a working capital loan.
Working capital loans are perfect for business owners who need short-term funding to grow. Working capital loans are simple, fast, and affordable and are designed to help with seasonal shortcomings with revenue or the need to boost inventory.
Business Loans for Bad Credit
we have bad credit business funding options for Pharmacy business owners with bad credit. Bad credit shouldn’t affect your ability to receive a small pharmacy business loan so our loan advisors take look at your business revenue and potential, rather than your credit score to find alternative lending options for your business.
Merchant Cash Advance
A Merchant Cash Advance is an innovative alternative to a traditional small business loan. Capital for Business utilizes your expected future credit and debit card sales to be able to provide you with working capital so you can put your business plans into action. Instead of fixed daily payments, the repayment for an MCA is completely flexible.
- Receive up to $500k with a merchant cash advance
- Factor rates as low as 1.15
- Access to business funding in as little as 24 hours
Are you in the need of new business equipment but do not have the necessary capital on hand to pay for it? Equipment financing done with Capital for Business is incredibly simple fast and affordable. We are a top-of-the-line marketplace alternative lender that can provide you with same-day funding to purchase any type of equipment that your business may need.
Whether software, heavy construction equipment, vehicles, and much more. You will repay your equipment loan with low monthly payments and we keep the upfront cost minimal to something that your business can afford.
- Potential Section 179 tax deduction
At Capital for Business, Invoice factoring is a quick and flexible source of funds for businesses that are waiting for outstanding receivables to pay. We simply utilize your accounts receivable as the collateral and advance funds against the face value of your invoices. Invoice factoring allows your credit line to grow proportionately with your sales cycle. We can fund as little as $5,000 a month and up to $2.5 million for larger companies.
Why should you apply for our pharmacy business loan?
Capital for Business has been serving small businesses for over 15 years and knows what the entrepreneurs value the most. That is why we offer:
- favorable approval rates.
- we offer bad or poor credit business loans
- custom-tailored service with a dedicated loan specialist.
- reasonable eligibility requirements.
- flexible repayment terms on a daily, weekly, bi-weekly, or monthly basis.
- hassle-free application process.
- same-day approval.
How to get a business loan
OUR FAST BUSINESS LOAN APPLICATION PROCESS
Get business funding in as little as 24 hours
In just three easy steps, you can access the right financing solution for your business. Our fast application and 24-hour funding process give you the working capital needed to grow your business in no time!
Apply in Minutes
Tell us about your business
Tell us All about you
Connect your bank account
Pharmacy Blog Resources
Trends & Tactics
What Are the Startup Costs of a Pharmacy?
Pharmacies play an important role in society. While no one wants to be ill, the fact is that disease and illness are naturally occurring parts of life. When sickness strikes, people need access to medical care, including medicines. Pharmacies help provide that much-needed access. . So what are the startup costs associated with a pharmacy?
Major Initial Business Costs That a Loan Can Help With
Starting a new business is no joke. There are loads of paperwork and financial proofs you need to open up in the first place. After you accomplish all of that, you also need money to do everything. If you don’t have money, request a business loan from your bank. There are many important costs you could use a loan for.
Aspects of a Business That Every Entrepreneur Needs to Protect
Ultimately, success as an entrepreneur is determined by making your product unique. Once you have established uniqueness, you need to communicate with your customers and investors why you fulfill a need they have. Protect the uniqueness of your product by securing intellectual property, protecting your employees, and being judicial with your sales system. Here are 3 aspects of a business that Entrepreneurs need to protect
GET THE SMALL BUSINESS CAPITAL YOU NEED TO AFFORD YOUR DREAMS
FAST & SIMPLE