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.