| Date: |
July 06, 2015 |
| Title: |
$3.6MM Pharmacy Debt Consolidation and Restructure |
| Practice Type: |
Pharmacy Practice |
| Loan Terms: |
$3.6MM PHARMACY DEBT CONSOLIDATION, 5.25% (PRIME + 2.00), 25-YEAR TERM. |
| Scenario: |
A Successful Long Term Care Pharmacy was experiencing dramatic growth over the last year looking to restructure their debt to meet cash flow needs. They recently secured a contract for a new facility that would add an additional 400 beds to their business.
Due to the increased business, their vendor payables were converted into short-term high payment vendor loans. There was also a balloon payment due on their owned real estate.
Hoping to consolidate the vendor debt and real estate loan, they approached 1st Med Financial for advice. Not only did we help this client, we were also able to consult in switching vendors to to obtain a better buy plan and increase to their bottom line.
SBA 7(a) Pharmacy Financing Structured to refinance all outstanding vendor debt, real estate debt and provide working capital for future purchasing power.
Closed: 07/06/2015 |
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