Practice Loan Details

Date: November 01, 2013
Title: $4.6MM Pharmacy Debt Consolidation
Practice Type: Pharmacy Practice
Loan Terms: $4.6MM PHARMACY DEBT REFINANCE, 5.25% (PRIME + 2.00), 10-YEAR TERM.

Scenario: A Successful Texas Long Term Care Pharmacy was doing extremely well. However, due to they increased business, they were forced to turn their vendor payables into short-term high payment vendor loans.

Hoping to consolidate this vendor debt, they approached 1st Med Financial for advice. Not only did we help this client, we were also able to assist in switching vendors to allow for a better buy plan and increase to the bottom line.

SBA 7(a) Pharmacy Financing Structured to refinance all outstanding vendor debt and provide working capital for future purchasing power. Closed: 10/31/2013



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