Closings Modal| $425K Pharmacy Acquisition (Including RE)

Date:

May 05, 2016

Practive Type:

Pharmacy Practice

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

Loan Terms:

$425K PHARMACY ACQUISITION, 5.25%, (Prime + 2.00%), 10-YEAR TERM