Practice Loan Details
| Date: |
October 09, 2015 |
| Title: |
$670K Pharmacy Acquisition (Including Real Estate) |
| Practice Type: |
Pharmacy Practice |
| Loan Terms: |
$670K PHARMACY ACQUISITION, 5.25%, (Prime + 2.00%), 10-YEAR TERM |
| Scenario: |
Three experienced pharmacist were looking to purchase an additional independent pharmacy. The three partners already owned numerous pharmacies in neighboring towns and saw an opportunity when the seller decided to retire.
Even though none of the partners were going to work full time at the new pharmacy and they already had existing debt on their current practices, we were able to get them financing.
100% SBA 7(a) Practice Financing Structured to provide for the acquisition for both the pharmacy and the real estate along with working capital needs.
Closed: 10/09/2015 |
| |
|
|
|
1st Med Advantages
 48 Hour Pre-Approvals |
|
| Direct Industry Knowledge |
|
| Streamlined Closing Process |
|
| No Up-Front or APP Fees Ever! |
|
|
