Business loans for Pharmacies

business cash advance pharmaciesThe strain placed onto pharmacists is huge at the moment and much like staff members in the NHS and hospitals around the country, they’re having to work around the clock in order to give all customers the aid they need to ensure their health in this trying time.

Government aid

It has officially been announced that the government are planning on helping the pharmaceutical industry during the time of the coronavirus outbreak.

GOV reports that, “Community pharmacies are receiving a £300 million cash boost to ensure they can continue to carry out essential services during the coronavirus outbreak. The advanced funding injection will support pharmacies to provide critical services to protect community health, including supplying medicines and providing medical advice to patients, during a period of unprecedented demand. £200 million was paid on 1 April to pharmacy contractors, alongside their normal monthly payments from the NHS Business Services Authority, and a further £100 million will be allocated on 1 May 2020”.

Pharmacist business loans

Pharmacists and workers in the pharmacist industry are needed more than ever now across the UK, especially with the current Coronavirus pandemic that’s sweeping the world by storm. They’re classed as essential workers and rightly so, though this means they need even more support both mentally and financially than they did previously.

This funding option is pharmacy businesses of all sizes, so whether you own a small or large business, you won’t be let down by our product. Our pharmacist and health industry finance is a type of unsecured business loan, which means it’s a flexible funding option for you. It has no requirement to secure any personal or business assets against the loan. This makes it easier for you to acquire than a normal loan.

 The key difference to understand between secured and unsecured loans is that a secured loan is something that is tied to collateral, something valuable such as a car or a house.

Business loans for Pharmacists

    • Get £5k to £200k within 24 hours
    • Pay back through your future card sales
    • Unsecured – there’s no worries
    • Same day funding to your business

Merchant Cash Advance for Pharmacies

Our merchant cash advance will be unique to all pharmacy businesses. The team of experts at PDQ Funding will analyse where you need the financial help and discuss with you how you can best achieve your business goals in the future. By using our cash advance calculate it will give you a guide on how much your business can borrow by factoring in your monthly credit and debit card transactions.

The percentage of each future card sale that is repaid to your lender is agreed prior to the conduction of the loan. This means you’ll know exactly how much you’re going to have to pay back with each sale, plus you’ll know that you only start the repayments once you’re making sales. Basically, if your pharmacy service has a slow business week, or you client rate drops, you’ll repay less until it picks up once again. Therefore, you won’t be under the constant pressure of attempting to reach a certain amount of profit each week. There are no hidden costs or fees, so you won’t be on the receiving end of a nasty shock once you take out a merchant cash advance with PDQ Funding.

Helping your pharmacy to grow with finance

The application for a quote only takes a few minutes of your time, and a decision will most likely be made on that same day. This means that the money can be released to you, in most cases, within five days of you submitting your application.

 We’ve helped thousands of businesses just like yours get the funding they need for:

    • Training new staff
    • Purchasing new stock or equipment
    • Refurbishing premises
    • Relocation
    • Advertising
    • Helping with cash flow
    • Building a new website
    • and even more

 The pharmacist cash advance can be used for many different purposes. You may wish to use it to invest in new stock, move into a new location, or even help to bolster the marketing that will gain you new clients, it’s entirely up to you. You can apply for a free, no obligation quote today and find out if your caring centre qualifies for one of our business cash advances.

How to apply for pharmacy funding online:

Step 1:

Visit our application page and provide the relevant information. This will ensure that we match you with an ideal lender. We will then ask you for further information about your business. You’ll need to be ready to tell us the following:

    • The name of your business
    • How long you’ve been in business
    • Your average monthly card sales
    • The amount your pharmacy is looking to raise

Step 2:

Will will then require a few personal details, so please be ready to tell us:

    • Your title, along with you first name and surname
    • The person in the business that is seeking a loan
    • Email and telephone number, so that we can stay in further contact with you

Step 3:

Read through our terms and conditions carefully, and if you’re happy to continue, click ‘get a quick quote’. From here your application will be processed and reviewed by a member of our business finance suppliers team, who will help you find the correct lender for your emergency business loan.

Step 4:

We will then be in touch with you to confirm the conditions of your loan/finance agreement.

Step 5:

Once the application is complete, it will be sent off and approved by a lender. You can then have a discussion with them regarding the terms of the loan. These terms will include interest rates, as well as how much the borrower will repay each month. The loan is then provided to you on an agreed and transparent basis.

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