Practice Loan Details

Date: October 23, 2018
Title: $473K Pharmacy Practice Start-Up
Practice Type: Pharmacy Practice
Loan Terms: $473K PHARMACY PRACTICE START-UP, 7.25% (PRIME + 2.00), 10-YEAR TERM

Scenario: An experienced pharmacist in the TX was having trouble securing the necessary financing for a pharmacy he was planning on starting. The pharmacist contacted 1st Med Financial. We saw the value in the PharmD's experience and in the under serviced community he was looking to start-up in. We also new that he was looking to service a specific niche in his community that would help his success.

1st Med was able to secure the financing he needed to start-up his practice.

SBA 7(a) Pharmacy Loan Financing structured to build-out, stock inventory, include necessary working capital and cover loan related soft costs.

Closed: 10/23/2018



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