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Business Loans for the Pharmacy & Chemist industry

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 from
£10,000
 to
£5m.
  • Rates from
    7%
  • £0 Deposit
  • Same Day Finance Available
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Pharmacies are retail outlets that have qualified healthcare professionals providing some healthcare services. They are accessible to patients and provide a ready source of advice and support around their medication and minor ailments.

A pharmacy is also a small business, and like any other business, operating finances can be tight between wages, stock and training.

Union Business Finance offers business loans specifically tailored for pharmacies. Whether it is to purchase equipment for a new pharmacy location, expand an existing business or help with working capital. We help small businesses with financing and funding with flexible competitive loans.

Finance Calculator

 

Please note this is not a quotation for finance, this is for illustrative purposes only. The figures are available to UK incorporated businesses only. The value provided is intended as a guide only. For an accurate quotation please contact us.

What can you use pharmacy finance for?

Pharmacy finance can be used for a variety of business needs.

Equipment finance

Every pharmacy needs specialist equipment to store and dispense medication to customers. Asset financing with Union Business Finance can support your purchase of critical pharmacy equipment to ensure your business is providing your customers with the correct medication, at the right times and in the correct quantities.

Asset Finance Solutions

Expanding your business

With expansion, your business can become more competitive in the market. Opening more pharmacies in different locations allows you to reach a wider customer base, whilst also reducing your dependency on just one pharmacy. If you are an established pharmacy owner with aspirations to expand your business into new locations, Union Business Finance can help you.

Business Loan Options

Cash flow

A positive cash flow is imperative for any business, however, for those in any retail business, there can be seasonal trends that impact your cash flow. Pharmacies experience seasonal trends as during the autumn and winter months more people are sick with colds and the flu. As a result, the spring and summer months can bring a reduction in cash flow. A cash flow loan through Union Business Finance can keep your pharmacy afloat during these times.

Cash Flow Loans

Working capital

Pharmacies require working capital for their short-term liabilities. A short-term business loan can help cover expenses such as utility bills or payroll and help a pharmacy work towards a positive working capital.

Short-term Business Loans

Buying a pharmacy

Pharmacies are often seen as an integral part of any community, providing not only medications but also health advice, vaccinations and other essential services. Buying and owning a pharmacy opens up opportunities to engage with the local community and contribute to UK healthcare. Our business acquisition finance solutions can help you take the steps to achieve this.

Business Acquisition Loans

Case Study

Ditpharm Ltd

How UBF Helped Launch Ditpharm Ltd with a £70,000 GGS-Backed Loan.

Business: Ditpharm Ltd (Ditton Pharmacy)
Business Type: Community Pharmacy
Funding Need: £70,000 for dispensing robot + refurbishment
Finance Solution:  Government Growth Guarantee Scheme (GGS) Loan.

View case study

    How does funding a pharmacy work?

    Our pharmacy funding works by providing owners with options based on their current financial status and aspirations for growth. Union Business Finance offers several financing options for pharmacies.

    Asset and Fit Out Finance

    Pharmacies have critical equipment requirements when it comes to the storage and dispensing of medications. The most commonly used medication dispensed to the public is insulin for diabetes patients. Insulin needs to be kept between 2-8 degrees centigrade, otherwise, it is less effective, therefore pharmacies must have refrigerators for storage.

    Asset and fit out finance can provide businesses with the necessary financial support to set up or refurbish a store, offering benefits such as improved cash flow management, and access to high-quality equipment whilst adapting to market trends. Fitting out a new or existing pharmacy with more products and services, or even extending the building provides a comprehensive selection of products that becomes a more convenient option for customers. This can lead to increased customer loyalty as individuals may be more inclined to shop in a store that offers what they need.

    Asset or Fit Out Finance can help you purchase a range of assets such as:

    • Refrigerators
    • Measurement equipment
    • Compounding equipment
    • Point of Sale systems
    • Display shelving
    • Security systems
    Fit-Out Finance

    Business loans

    Union Business Finance business loans cover intangible assets. As with any business, pharmacies have unexpected costs that impact their cash flow or expected costs that are unaffordable at the time they are due.

    These can take the form of working capital loans or short-term loans to cover the costs such as:

    • Medication stock

    • Employee wages
    • Business insurance
    • Pharmaceutical licences
    • Medical training
    Business Loan Options

    What pharmacy equipment can you get with financing?

    Here are some examples of what a business loan or asset finance can get for your pharmacy:
    • Storage: drug storage is imperative for the operation of your pharmacy. Medication comes in solid (as a powder, capsule or tablet), liquid or gas and all need adequate storage space and some may require refrigeration.
    • Measuring equipment: although medication is life-saving it can be dangerous for the patient if the wrong dosage is dispensed. Accurate measuring equipment is critical for the health of your patients, so accurate scales, measuring jugs and labelling are a must.
    • Stock: a well-stocked pharmacy is one that is trusted by its customers. Often it is a place where people expect to find solutions to all their minor to moderate medical needs, whether it is an impact injury (bandages, support braces) or the flu (cough syrup, paracetamol).
    • Refurbishment: a pharmacy is a medical establishment so customers expect it to be a clean, safe environment for them to visit. If your pharmacy appears worn and run-down customers may opt to travel to another pharmacy for their medical needs.

    Fit Out Finance for Pharmacies

    Below is an example of how Union Business Finance was able to help Dermacia Pharmacy in London secure finance for equipping and outfitting their store.

    “Sujane was professional from start to finish and secured what we needed on a short timescale. Highly recommend.”

    How it works

    Consulting

    Let’s talk about where your business is, and where you want it to be.

    Pre-underwriting

    Send us your supporting financials for us to review, and we’ll get a proposal sent for credit approval.

    Paid out

    72 hours later, once approved, and signed on the dotted line, funds will be released.

    Eligibility requirements

    Union Business Finance can offer highly competitive and flexible loans for your business. We take the nature of your business into consideration, along with your history and future goals to tailor our service to you.
    Get started

    Why Union Business Finance?

    Union Business Finance is able to offer industry-specific finance options. We understand every business is unique and we strive to establish long-lasting relationships with business owners across all industry sectors.

    We offer:

    • Access to a portfolio of funding options from 100+ lenders
    • More than 10 years of experience
    • Loans from
      £10,000
      to over
      £5m.
    • 5* service every time
    • Interest rates from as low as
      7%

    We offer a service that is:

    • Transparent - Adhering to compliances integral to our brand & providing well-informed advice to clients

    • Ethical - We strive to do right by clients & help them find the right financial product

    • Personable - We focus on building relationships with our clients that last a lifetime

    Our team brings a wide range of experience, thorough knowledge & understanding of the financial climate in order to help you find the best funding solutions.

    Ready to get started? Let’s do it!

    Contact us using the form below

    Learn more about how Union Business Finance could help you secure the right funding for your business.
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