Closings Modal| $500K Pharmacy Practice Start-Up

Date:

May 15, 2017

Practive Type:

Pharmacy Practice

Scenario:

A Pharmacist with 20 years of experience wanted to go out on his own and start up an independent Pharmacy. Having trouble securing the necessary financing, the Pharmacist contacted 1st Med Financial.

We saw the value in the PharmD's experience and in the under serviced community he was looking to start-up in.

1st Med was able to secure the financing he needed to start-up his practice.

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

Closed: 05/15/2017

Loan Terms:

$500K PHARMACY PRACTICE START-UP, 6.75% (PRIME + 2.75), 10-YEAR TERM