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Financing Options
Financing as part of the sale process.
Many pharmacy owners, sellers, and sales managers attempt to start the ownership transfer process with financing. This is a guaranteed recipe for disappointment. As has been pointed out repeatedly, there are myriad decisions that must be considered and made before considering financing. Financing should only be approached once the succession planning has been completed.
There are many different types of financing available today. Most people think first of traditional lenders such as banks and organizations such as the Small Business Administration (SBA) when they think of financing. Others think of suppliers and wholesalers providing dating of product as a form of financing. In addition to these, financing can come from a current owner “taking back a note.” Loans from parents and relatives also are common forms of financing.
Rarely is just one type of financing used in the sale/purchase of a pharmacy. For this reason, it is important to understand the breadth of financing options available.
Confidentially contact our Ownership Consultant to learn more about financing your pharmacy ownership transfer.
Learn about the available approaches to financing the sale of your pharmacy. Short-term and long-term financing offer a range of options from which to choose.