Pharmacy Finance
Find out how we can arrange finance for the purchase or development of pharmacies across the UK, our specialist healthcare team can help.
Finance your pharmacy
After changes to NHS contracts by the government, lenders now look at all proposals in the healthcare sector with greater scrutiny.
Having a specialist healthcare division allows us to scour the market to find the right fit for the right investment.
Whether it’s your first pharmacy acquisition or the latest development in your portfolio, we can help.
What is Pharmacy Finance?
Funding for the pharmaceutical sector covers a wide range of needs, including purchasing and fitting out a new commercial property, investing in pharmacy robotics technology, and stabilising cash flow through invoice financing.
It is reassuring to know that this type of financial support is adaptable to suit the changing needs of your sector as well as ongoing technological advancements, whilst also protecting your business’ finances.
Our healthcare team provides finance for a plethora of healthcare assets to businesses across the UK.
What types of pharmacy funding are available?
Business acquisition loans: Business acquisition loans allow you to acquire or merge with an existing pharmacy to grow your business without using up valuable capital. This type of funding offers capital and interest repayment structures as well as equity financing, in which you sell shares to private investors to raise money for the deal.
Financing pharmacy equipment: Purchasing pharmacy equipment outright can place a significant strain on business capital, but you can avoid this by using specialist funding, including hire purchase and finance leases.
Is pharmacy finance right for your business?
These flexible funding solutions can be instrumental in helping you establish and grow your pharmacy business. Whether you have a business acquisition in mind or want to implement a business development strategy, pharmacy financing provides the tailored support you need whilst protecting your business capital.
Applying for pharmacy financing
MAF Finance Group works with a broad selection of lenders and banks to provide you with the best financial solutions for your business.
If you would like to get a quote or require further information, fill out the form below and we will be in touch. If you want to speak to someone directly, you can call on 0115 958 6872 and we will be happy to speak to you. Alternatively, email us at [email protected].
Enquire with our Finance Experts
Pharmacy Finance FAQs
What are the different finance options available for healthcare businesses?
MAF Finance Group can arrange finance for healthcare businesses through a variety of finance products. For medical equipment, businesses can choose hire purchase, finance leasing, and unsecured business loans. For healthcare businesses looking to purchase a property, commercial mortgages are available.
What are the typical terms for healthcare finance?
The terms and interest rates for healthcare finance can vary depending on several factors, including the amount being financed, the length of the repayment term, your business’ creditworthiness, current market interest rates and the specific finance facility chosen.
What are the eligibility criteria for securing healthcare finance?
While specific criteria can vary between lenders, generally, you will need to demonstrate that you are a registered UK business, provide full annual accounts, previous bank statements, plus personal details such as full name, date of birth and personal address.
How can I increase my chances as a first-time buyer?
To improve your chances as a first-time buyer, having experience working in the healthcare sector, possess a strong Care Quality Commission (CQC) rating, have a strong management team in place, and ensure your place of residence is local to the location of your practice. As well as this, maintain a strong credit score, and provide a solid business plan that outlines how the finance will be used.
What documents do I need to provide with healthcare finance?
To apply, you will need to provide a range of documents to verify your business’s financial health. Common documents include your business’s latest financial statement, 6 months of company bank statements and full name, address, DOB and homeownership status of all directors.
Why choose MAF Finance Group?
As a leading nationwide finance broker, we have access to a full market of funders, banks and alternative funders. With dedicated teams of sector specialists and industry specialists in the construction, healthcare, agriculture, renewables and fleet management sectors we can help all businesses with their funding requirements.
Benefits of using a finance broker?
Whilst banks can offer different rates, they often reject certain types of purchase and have strict lending criteria. MAF Finance Group has access to a panel of specialist lenders with a variety of options and rates that are not available to customers who go direct. We can also explore the whole lending market, saving you time and effort whilst giving you competitive rates and a greater chance of acceptance.
Have Any Questions?
Qualified Team Available
Additional products in our extensive range of Financial Solutions
Asset Refinance
Asset refinancing is a way of raising capital against assets you hold on your balance sheet.
Asset-Based Lending
Asset-based lending (ABL) is a type of finance in which a business can use its assets, such as inventory and property to release working capital.
Finance Lease
A finance lease is simply renting the asset over an agreed period of time and you usually remain responsible for the maintenance.
Hire Purchase
Hire purchase allows your business to buy an asset by spreading the cost over a fixed period of time with regular monthly instalments.
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