Pharmacies, especially online pharmacies, are classified as "high risk loan" enterprises by banks.
Because of this, when business owners seek pharmacy financing in order to expand or improve their businesses, they discover many problems in obtaining a traditional pharmacy loan. Expanding your inventory, hiring new technicians or renovating your locations are all potentially expensive and may require external sources of financing. One of the biggest hurdles to be cleared is the sheer amount of time that is occupied before you can get approved by a traditional bank. You will be required to submit documents including business plans and personal guarantees of collateral as well as spend time at bank locations that could be better used running your pharmacy. On top of this, you can still wind up waiting over a month to get the funding you pharmacy needs. If you have bad credit or outstanding loans you might not get approved at all, and the opportunity your pharmacy had to grow could fade away.
At Horizon Business Funding, we don't offer loans, do not reject based on bad credit, and require no personal guarantees of collateral from our pharmacy financing applicants. What we offer is a highly flexible business financing option called a merchant cash advance.
By taking a few seconds to fill out this form, one of our dependable representatives will contact you as soon as possible and guide you through the simple steps it takes to get funding for you pharmacy.
Obtaining pharmacy financing should be easy and fast. Apply and see for yourself how we can help you.
What You Have:
- Bad credit, existing loans, a high risk business loan designation or any issue banks use to disqualify pharmacy financing applicants.
- A business you have been operating for at least 2-3 months. No startups.
- Monthly gross revenues of $15,000 or higher.
- Interest in direct capital to improve or expand your pharmacy business.
What We Need:
- You to fill out the form on the right of this page.
- The completion of some easy steps that a representative will help you do over the phone.
- You can live chat with a representative to the right as well.
What You Don't Need:
- Business loans that takes ages to get, while opportunity passes you by.
- Demands for collateral which you could lose.
- Restrictions on how you can use the money you apply for.
Does this sound like your business? Then our merchant cash advance programs could be just what you're looking for; see for yourself how simple getting the pharmacy financing you've been looking for can be.
Apply now by filling out the form on the right of this page.
The benefits of pharmacy financing with a merchant cash advance.
Direct capital can appear in your bank account in as little as 48 hours. The approved advance will appear as liquid cash, and comes with no restrictions on use so you are free to utilize it in the way you think it will be most advantageous.
In the spirit of keeping things simple, we've taken what makes a merchant cash advance a superb alternative to financing pharmacies with high risk loans and illustrated where Horizon Business Funding's programs and your needs meet.
How Pharmacy Financing Works.
Have you been contemplating offering new prescription services but are unable or unwilling to take money out of your existing cash flows? Has a time sensitive opportunity for remodeling presented itself and you need liquid cash to pursue it? As long as your pharmacy has been operating for at least 2-3 months with gross monthly sales of $15,000 or higher, you can apply for a merchant cash advance with a 95% acceptance rate. Dollar amounts range from $1,000 up to $1,000,000.
Once your initial advance is 70% repaid, you become eligible for refinancing of up to 200% the amount you were originally given.
In this way, Horizon Business Funding can provide you with direct capital through every step of your business's expansion by essentially purchasing a portion of you future sales.
Our experienced underwriters work hard to ensure that your merchant cash advance takes the individual needs of your business into account, maximizing the utility of your funding. We know how difficult it is to operate your own business, and we believe that obtaining capital in order to grow shouldn't add to the challenge.
Apply now by filling out the form on the right of this page, and you could have access to the liquid cash you've been looking for in as little as 48 hours from now.