
PHARMACY SBA 7(a) LOANS
As the demand for pharmaceutical convenience rises, securing the right financing is vital. The SBA 7(a) loan program is a top financing choice for pharmacy owners due to its flexibility and accessibility. It allows you to invest in technology while also covering essential needs like location and inventory.
Whether you're implementing the latest upgrade for customer convenience or covering daily expenses, this program offers essential benefits tailored to support your practice.
Longer Repayment Terms
With SBA 7(a) loans, you can choose repayment terms of up to 10 years for general business needs or up to 25 years for real estate purchases. Loans under 15 years come with no prepayment penalties, while longer loans have penalties for prepaying more than 25% within the first three years: 5% in the first year, 3% in the second, and 1% in the third. After three years, you can repay penalty-free, ensuring flexibility.
Competitive Interest Rates
Save on financing with the competitive interest rates of SBA 7(a) loans. Thanks to a government-backed guarantee, we can deliver more affordable rates than typical business lenders.
Lower Down Payments
The government guaranty also enables small business owners to secure financing with lower down payments compared to traditional business loans, typically up to 20% of the total project cost but in some cases as low as 0%.
Flexible Use of Funds
The SBA 7(a) loan program is widely regarded as a top choice for small businesses due to its unmatched flexibility. Unlike many traditional loans that impose strict limitations, 7(a) loans empower businesses to meet a variety of financial needs, making them versatile for nearly any business purpose or stage of growth.
What Can SBA 7(a) Do for Your Pharmacy?
Our flexible financing solutions allow you to invest in the most critical aspects of your practice, whether it's one specific area or several at once:
Business Expansion
Whether you’re expanding your service offerings, renovating your facilities, or opening a new location, our loans provide the capital you need to successfully grow your pharmacy.
Equipment & Technology
Invest in advanced pharmaceutical technology and advanced equipment to elevate your pharmacy's services and enhance patient care.
Real Estate Investments
Purchase, build, or refinance your facility to give your practice a solid foundation for growth and success.
Working Capital
Ensure smooth day-to-day operations by covering essential expenses like payroll, inventory, and marketing.
Debt Refinancing
Simplify your financial management by consolidating multiple loans into one, often with better terms.
Solutions for Every Stage of Your Pharmacy
Our SBA 7(a) loans are designed to support pharmacy owners throughout their careers, whether you’re just getting started, expanding your business, or preparing for retirement.