First Point Group can provide finance options for Pharmacies. Below is a brief summary:
Loan Purpose:
Our Consultants can provide funding options for Pharmacies looking to finance any of the following:
- Acquiring a pharmacy
- Refinancing an existing wholesaler guaranteed loan
- Business expansion including purchase of freehold
- Improvements and shop refits
- Superannuation contributions (non-wholesaler loans only unless otherwise approved by the wholesaler)
Maximum Loan Amount:
Business Assets
Existing: Up to 75% of going concern business.
Greenfield: Up to 60% of the lesser purchase price or development cost or going concern business value.
Loan Term:
15 years
Security:
Wholesaler guaranteed: Master Guarantee from wholesaler.
Non-Wholesaler guaranteed loans:
- Firm / Partnership: Mortgage over freehold or leasehold. Bill of Sale (or equivalent) over business assets.
- Company: General Security Agreement (GSA) over all pharmacy assets including goodwill and service or holding companies where applicable, Directors’ Guarantees. Term insurance to a minimum 50% of borrowing.
Please contact us to discuss any opportunities.