Practice Loan Details


Date: February 08, 2013
Title: $620K Pharmacy Practice Start-Up
Practice Type: Pharmacy Practice
Loan Terms: $620K PHARMACY PRACTICE START-UP, 5.25% (PRIME + 2), 10-YEAR TERM

Scenario: When two experienced former healthcare professionals were looking to start-up a new compounding pharmacy concept in Chicago, IL, they were referred to 1st Med Financial.

The partners were looking to create a platform for small & independent pharmacies to access much needed compounding services.

SBA 7(a) Pharmacy Loan Financing structured to build-out, stock inventory, include necessary working capital and cover loan related soft costs.

Closed: 2/08/2013

   

 


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