Owning and operating a pharmacy is very rewarding; independent pharmacies are the backbones of many communities across the country. The pharmacy lending experts at Live Oak Bank are ready to help you down the path to acquiring a pharmacy.
It’s important to look at a pharmacy acquisition from two perspectives: financing and operations. The pharmacy lending experts at Live Oak will look at your historical cash flow, personal credit history and managerial competence. The past performance of the pharmacy you’re looking to acquire is the greatest indicator of the pharmacy’s future performance. Given that, one of the first things you should analyze when considering a pharmacy acquisition is the ongoing cash flow of the business in question. How much cash did the pharmacy generate last year, and how much is it making today? Our pharmacy lending team is ready to act as your trusted advisor and walk you through these considerations and more as you begin the process to acquire an independent pharmacy.
Live Oak offers financing for the acquisition of the business assets as well as the real estate. Our customers enjoy minimal equity requirements and creative lending solutions, and our pharmacy lending team is ready to provide you with superior service and advice and set you up for business success.
There are no upfront costs or fees associated with our pre-approval and underwriting processes. These are the three main steps you can expect when you connect with a loan specialist to get your pharmacy acquisition loan started.
