Practice Loan Details
| Date: |
March 17, 2014 |
| Title: |
$800K Pharmacy Acquisition (2 Locations) |
| Practice Type: |
Pharmacy Practice |
| Loan Terms: |
$800K PHARMACY ACQUISITION, 5.25%, (Prime + 2.00%), 10-YEAR TERM |
| Scenario: |
An experienced pharmacist was looking to purchase two separate independent pharmacies in the same town and merge them together. On their own, neither pharmacy was profitable. At 1st Med, we saw the value in eliminating one location and was able to structure the acquisition accordingly.
100% SBA 7(a) Practice Financing Structured to provide for the acquisition of both pharmacies, the real estate of one of the pharmacies along with working capital needs.
Closed: 03/17/2014 |
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1st Med Advantages
 48 Hour Pre-Approvals |
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| Direct Industry Knowledge |
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| Streamlined Closing Process |
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| No Up-Front or APP Fees Ever! |
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