Pharmacy Financing

Pharmacy Loanspharmacy loans

At MedTrust, we understand that pharmacists have unique lending needs. If you are trying to start a pharmacy, buy a pharmacy, or just expand or remodel one, you’ll want to work with a lender whose specialty is working with pharmacies. That’s MedTrust. We offer the widest-range of pharmacy loans available in the business. We’ll structure a lending package that fits your needs to a tee, with rates and terms you can live with.

100% Pharmacy Financing

MedTrust Capital doesn’t deliver “cookie cutter” loans. We will analyze your current financial situation as well as the project. Then we develop a customized pharmacy loan that is perfect for you.

Our loans are offered to pharmacists with credit scores from good to bad credit (as low as 500) and funds are typically obtainable within 45 days. And the money can be used for issues such as cash flow, taxes or personal expenses such as divorce settlements.

Working Capital Loans for Pharmacists

Pharmacists can get working capital pharmacy loans in amounts up to $300,000, with typical uses including:

  • Cash flow coverage during seasonal downturns
  • Marketing Costs
  • New employee(s)
  • Investment
  • Taxes
  • Divorce settlement
  • Personal debt

Factors such as income level, credit history, financial strength, amount of assets and purpose of the working capital will affect rates and terms. MedTrust Capital’s best program has a variable rate ranging from Prime minus 1% up to Prime plus 2% with Interest Only payments. Other program rates may run higher contingent upon qualifications, and are fixed payments for 6 or 7 years. Additionally, payments can be deferred for 90 days. Working Capital programs can also be used in conjunction with other financing on larger projects. For instance, we will often provide Real Estate financing or Equipment Leasing in addition to Working Capital loans for a project, which allows for a zero down payment. Unlike other pharmacy lenders, MedTrust Capital provides a finance package that specially designed for the specific project, whether it’s one loan or a combination of loans.

Zero-Down Commercial Real Estate Loans

Unlike the mega banks, MedTrust provides solutions specific to pharmacies. We analyze the specific needs of your project and come up with flexible lending solutions that meet those needs. In addition, MedTrust is not bound by stringent guidelines, low Loan-To-Value Ratios, or bureaucracy like the big banks. We offer zero-down commercial estate loans to pharmacists that occupy at least 51% of the building. Funds are typically available in 45 days and credit scores as low as 500 can qualify.

What sets us apart from the banks and our competitors? We can do zero-money down loans with amounts ranging from $5K to $20M with no call provisions or balloon payments.

Pharmacy Debt Consolidation and Refinancing

We have helped a great many pharmacists consolidate their debt and grow their business with our programs. With a properly structured loan, you can save thousands of dollars per month, thereby dramatically increasing your cash flow. Here’s how it works: MedTrust will analyze your existing loan structure and show you the results. You can then make the determination as to whether or not it makes sense to refinance into one manageable payment. We can also help with your adjustable-rate SBA loans by converting them to a fixed-rate. MedTrust has terms available for up to 15-years.

Opening a Pharmacy – Pharmacy Startup Loans

Opening your own pharmacy can be an exciting prospect for any pharmacist. But the costs of this proposition can many times seem overwhelming.  Costs add up quickly when adding up all the equipment, inventory, furniture, supplies, and marketing expenses, not to mention the costs for staff and location. MedTrust Capital will assess your new pharmacy’s needs and determine what type of financing makes the best sense for you and your new practice.

Types of loans include: conventional, portfolio, SBA and non-traditional financing. If you’re thinking about purchasing a building, 25-30-year term loans are available on real estate financing when done in conjunction with your new practice.

Buying a Pharmacy

Buying an existing pharmacy can be one of the wisest investments of your career. An existing pharmacy comes with a built-in patient base, staff, and equipment make. These all make for a considerably more stable venture. They also come with a higher price tag. That’s where we come in. MedTrust can secure you the necessary financing, making the transition to your new practice seamless. We offer up to 15-year terms and can hold approvals for up to one year while the last details are worked out with the previous owner.

Pharmacy Relocation, Remodel, and Expansion Loans

Whether you’re moving locations, fixing up your existing location, or you’re expanding from one office to two, five, or ten, MedTrust Capital is there for you, helping to secure the financing you need to grow. Rates and terms vary depending on the scope and size of the loan, but 100% financing is possible. Talk to us today.

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