Pharmacy Finance

Medical Finance are direct lenders and provide finance solely for pharmacy businesses having built up an expertise without parallel in the sector. We react immediately to requests, deal personally with our clients and can provide finance within short time-scales if necessary.

The principal areas where financial requirement are met are:

Business Acquisition Finance

Finance is available up to 100% of purchase price in certain situations. We can finance the purchase of every single independent pharmacy or substantial loans can be provided where larger groups/chains are involved.

Re-financing

Our loan rates are highly competitive and in most cases we can reduce finance costs whilst leaving the pharmacy free to choose a clearing bank of their choice for day-to-day banking transactions. This gives the proprietor the flexibility to negotiate transmission charges from the strongest position.

Shop Refurbishment

If major refurbishment is necessary to modernise/extend pharmacies additional loans are provided at the same competitive rates.

All lending is at competitive rates on simple and flexible terms geared to bank base rate and can include interest only start up periods. Most pharmacy loans are amortised for a period up to a ten year term although longer repayment methods can be negotiated in special circumstances. Interest rate hedging products are available for the longer loans and our minimum loan is set at £30,000.00. Where existing banking ties are satisfactory we do not seek to interfere and clients can continue their day-to-day banking arrangements without disruption. Banking security will be required in all cases.