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Financing Options
Financing as part of the buying process.
There are myriad decisions that should be made before you finance the development of a new pharmacy or the purchase of an existing pharmacy location. Financing should only be approached once the ownership planning process has been completed.
Many different types of financing are available today. Most people think first of traditional lenders, such as banks and organizations like the Small Business Administration (SBA). Others think of suppliers and wholesalers. Financing can also come from a current pharmacy owner “taking back a note.” Loans from parents and other relatives are commonly used for financing, as well.
Rarely is just one type of financing used in the acquisition of a pharmacy. For this reason, it is important to understand the breadth of financing options available in order to determine the best options for your needs. Visit the NCPA Ownership Academy to learn more.
Many types of financing exist to help make your dream of pharmacy ownership a reality. Short-term and long-term financing offer a range of options from which to choose.