Pharmacy Funding

THE UNITED STATES HAS MORE THAN 27,000 PHARMACIES. TAKE ADVANTAGE OF INDUSTRY CHANGES AND COMPOUND YOUR INDEPENDENT PHARMACY'S SUCCESSFULNESS WITH BIZ FUNDING FINDER UP TO $500,000 IN FUNDING IN AS LITTLE AS 24 HOURS.

Pharmacy Funding You Can Trust

Because of their strong earnings margins, consistent revenue, and flexibility to run a needs-based business that is less reliant on discretionary cash, independent pharmacies are frequently seen by traditional lenders as "low risk" investments. A traditional lender like a bank or the SBA might be able to provide you with the pharmacy finance you require, but approval is never guaranteed and the application process can take months. While you wait, chances to develop or grow your pharmacy could quickly pass you by.

Biz Loans can accept more pharmacy funding than traditional lenders because to a simplified online application and flexible approval conditions. We can also approve your pharmacy funding more quickly, with cash sent as soon as 24 hours after approval. Biz Loans can support the expansion of pharmacies in all specializations, including Retail and Compounding pharmacies, with a range of pharmacy finance alternatives from as little as $3,000 to $500,000.

Pharmacy Funding Rates

The kind of alternative small business funding you obtain affects pharmacy rates. Instead of using a standard interest rate, the majority of pharmacy finance solutions use a factor rate. Factor rates, which are derived from your risk assessment, are straightforward decimal numbers that indicate how much "extra" you will owe on the initial loan amount.

Pharmacy Funding Solutions

OUR KIND, KNOWLEDGEABLE FUNDING ADVISORS WILL COLLABORATE WITH YOU TO SELECT THE BEST FUNDING OPTION THAT WILL SUPPORT YOUR GOALS AND NOT HARM THE CASH FLOW OF YOUR PHARMACY.

Merchant Cash Advance

Working capital is provided as needed. Until the advance is paid back, we will earn a portion of your credit card sales on a daily or weekly basis.

Invoice Factoring

We will pay the net amount in cash for your outstanding invoices. When we receive payment, you will be paid the remaining balance on the invoices (less our charge).

Collateral Loan

A secured loan that lowers risk by utilizing commercial real estate. You can be qualified for a greater loan amount with cheaper rates and fees because the loan is secured.

Business Line of Credit

Without the commitment of a fixed-term loan, borrow as much or as little as you need. Pay interest only on the amount you have borrowed; take what you need and pay it back as you go.

How To Use Pharmacy Funding

Biz Loans pharmaceutical funding is not subject to any limitations. The best uses for pharmacy money are usually growth activities that can boost your revenue, like:

Including additional offerings like blood pressure checks and compounding

Acquiring equipment, supplies, and inventory for the pharmacy

Extending certificates and licenses

Putting money into specialized education for pharmacists

Providing unique off-site health initiatives, such as flu vaccination clinics

Establishing patient services on-site, like a walk-in clinic

Extending to or obtaining a new site

Employ people to help you grow your practice's services and patient base.

Invest in or update lab supplies or equipment.

Create a secure website to provide additional services, such as virtual care or online booking.

Boost your advertising and marketing to attract more patients.

Invest in a new location or grow your business.Invest in a new location or grow your business.

Remodel your workspace to provide a more welcoming environment for patients.

The following situations, in which you require an immediate injection of working money to address the particular difficulties associated with operating a pharmacy:

Lower rates of reimbursement

Medicare prescription medication insurance are not included

Postponing getting insurance company payments

Customer needs are evolving, and reduced wait times and help interacting with insurance companies are two examples.

Chain pharmacies and big retailers are competitors

Government laws and limitations on the supply chain

Continuous costs for certification and licensing

How Pharmacy Funding Works

1 Apply

Collect three months' worth of bank statements and other documentation. Give us secure access to the transactional data from your bank account so we can approve it more quickly.

2 Choose Funding

Within an hour (during regular business hours), a financing advisor will get in touch with you to finish your application and go over your funding alternatives.

3 Get Funded

Your money can be authorized and deposited within 24 hours after you and your funding advisor decide which funding option is best for your company.

4 Set Repayment

Your company's debit and credit card sales on a daily or weekly basis will be automatically subtracted to cover payment. The amount of your payment will depend on your sales.

Will You Qualify for Pharmacy Funding?

The specific qualifications required vary according on the kind of pharmacy funding that you are looking for. Biz Loans does not grant pharmacy finance based exclusively on credit score or financial history. Rather, we concentrate on your practice's general well-being, which includes:

Revenue for businesses

Money movement

Payment history of the vendor

Years of operation

Public documentation

Pharmacy Funding

THE UNITED STATES HAS MORE THAN 27,000 PHARMACIES. TAKE ADVANTAGE OF INDUSTRY CHANGES AND COMPOUND YOUR INDEPENDENT PHARMACY'S SUCCESSFULNESS WITH BIZ FUNDING FINDER UP TO $500,000 IN FUNDING IN AS LITTLE AS 24 HOURS.