Practice Loan Details
| Date: |
May 05, 2016 |
| Title: |
$425K Pharmacy Acquisition (Including RE) |
| Practice Type: |
Pharmacy Practice |
| Loan Terms: |
$425K PHARMACY ACQUISITION, 5.25%, (Prime + 2.00%), 10-YEAR TERM |
| Scenario: |
An experienced pharmacist was looking to purchase an independent pharmacy in a different state from where he currently resided. He had recently sold his pharmacy about a year prior to this purchase.
The main issue the pharmacist was having was that he could not get 100% financing for a pharmacy in a state where he currently did not live.
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: 05/05/2016 |
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