INDUSTRY
Pharmacy Financing: Find Funding for Pharmacies
Up to $1,000,000 of Funding Available for Your Pharmacy
As a direct pharmacy funder, FundKite can approve pharmacy funding,
with funds deposited in as little as one business day.
Interested in Pharmacy Funding?
Have government regulations, ongoing licensing and certifications, and unreliable supply chains dramatically increased the overhead costs of running your pharmacy business? How can you ensure that your pharmacy business remains successful despite the intense competition?
Independent pharmacies need working capital from reliable funding partners to stand out and provide stellar services that give them an edge over larger chains. As a pharmacy owner, pharmacy financing is an effective way to get the funding you need to elevate or renovate your business.
FundKite offers pharmacy funding solutions that are entirely customized to your unique business needs. For example, online ordering and the home delivery of drugs and medical supplies are increasingly popular. As a result, you may need to develop your digital e-commerce platforms and invest in robust inventory management to keep up with consumer trends in the market.
Whether you want to add new products to your store’s inventory, boost your marketing efforts, provide your community with better services, or even invest in specialized pharmacist training, FundKite’s quick, transparent, and seamless funding process is the answer!
Products &
Services We Offer.
We understand that approaching a traditional bank to secure funding for your pharmacy may seem like the only option.
However, the application process may take months, the interest rates can be unaffordably high, and approval is never guaranteed, especially if your credit score is less than ideal. While you waste time waiting for an approval, opportunities to expand and grow your pharmacy business may slip away! Let FundKite show you a faster and better way to secure pharmacy funding.
We help you secure the working capital you need to take your business to the next level! You can use the support and skills of our dedicated team of underwriters to get customized plans suited for your pharmacy’s unique requirements.
Pharmacy financing services at FundKite are designed to exceed your expectations. Our stress-free, simple funding process offers:
Short-Term Financing
FundKite funding provides the working capital you need to help your pharmacy business succeed in an increasingly competitive environment. Our seamless process and customized plans provide short-term pharmacy financing solutions for up to 220 business days. We take a deep dive into your business plans and financial statements, and if approved, you can get the funds you need within 24 hours! Additionally, you can repay the funds quickly using profits from your newly financed business.
Boutique Funding
No two businesses are alike, so we never apply a one-size-fits-all approach to our funding process. Instead, we pride ourselves on our customized solutions that are designed to suit your pharmacy business.
Experienced Underwriters
You will be pleasantly surprised by the speed and efficiency with which our underwriters carry out the pharmacy funding process. Trained to make your experience seamless, they will explain the details of the agreement to you and answer all your questions. Our funding does not include any hidden charges or fees. Instead, our terms and conditions are communicated with complete transparency.
No Interest Rates
Unlike traditional banks, FundKite does not charge interest for pharmacy funding.
Instead, we purchase a set percentage of your business' future receivables when your customers buy your products, allowing us to collect a small amount from your sales.
The Benefits of Financing Your Pharmacy with FundKite
FundKite’s financing for auto repair shops will provide your business with the working capital to pay for operational costs like labor, equipment, staffing, and utilities. It also allows you to envision and carry out your goals for growth and expansion.
Here are the benefits of financing auto repair shops with FundKite:
Exhaustive Evaluations
Although we look at your credit score, we do not base our decisions solely on your score. Instead, FundKite sets you up for success by comprehensively evaluating your pharmacy business plans, financial statements, and future strategies for improving customer retention and patient footfall. Our evaluations are designed to help improve your chances of receiving funding for your pharmacy so that you can achieve your full potential!
Crystal Clear Communication
When you come to FundKite for pharmacy funding, you’ll receive all the information you need in our detailed Revenue Purchase Agreement. Our experienced staff and underwriters will also walk you through the process while providing customized financing solutions based on your requirements.
Security for Small Businesses
Pharmacies are the cornerstone of any community, providing medical services and products essential for health and well-being. FundKite prides itself on supporting small businesses that make a significant impact! You could receive up to $2,000,000 to finance your business when you send an application to FundKite for your pharmacy funding requirements. Get ready to take your business to greater heights when you secure financing from FundKite!
Fast Funds
We understand the need for fast funds provided at the right time so that you can use the working capital to level up your pharmacy for success and stand out from the competition. Therefore, our team releases the funds within 24 hours if your application is approved.
Why You Need Pharmacy Financing
When you are running a pharmacy, the costs can add up! You may have to consider pharmacy financing when facing rising operational costs, plans for renovations or expansions, or the need to upgrade your products and services.
You will have limitless options to boost your business when you receive pharmacy funding from FundKite. Pharmacy financing can effectively support growth initiatives that will improve your revenue flow. A quick influx of working capital is often used to:
Invest in new inventory like drugs, medical devices, and pharmacy consumables
Introduce additional services like compounding and dispensing of medications, taking blood pressure and blood sugar readings, or health programs like flu-shot clinics or vaccination drives
Add on-site patient services like a walk-in clinic
Develop a website to facilitate online ordering and home delivery services
Expand to a new location
Renovate existing locations for a more comfortable patient and customer experience
Hire and train pharmacy staff to cater to changing customer demands
Improve marketing and community outreach efforts to stand out from the competition and increase customer footfall
Cover operational costs when faced with decreased reimbursement rates
Finance licensing and certification fees
Things to Consider While Applying with FundKite
Requirements:
There are a few minimum requirements that you need to keep in mind when you choose to apply for pharmacy funding with FundKite:
Your pharmacy should have been in business for at least one year
You must be able to show us four months of bank statements from your business account
Your pharmacy must have a revenue of $30,000 per month
You must be able to show us a solid business plan and financial reports for your pharmacy
Important Aspects to Follow
With the help of FundKite’s easy application process and customized funding plans, you can finance your pharmacy with up to $2,000,000, released within 24 hours.
Elevate your pharmacy services with the working capital you need from FundKite, and watch your business excel!
FundKite is a game changing institution dedicated to helping small businesses reach their maximum potential.
After thoroughly analyzing your application and checking your eligibility and funding needs, FundKite will provide a financing offer tailor-made for your pharmacy business. You can receive up to $2,000,000 as pharmacy funding.
No. If you are financing pharmacies through FundKite, you do not need any collateral to receive the funding.
FundKite usually offers term lengths as short as 220 business days. However, if required, we also consider longer terms.
FundKite displays its payment terms, funding amounts, and fees in our Revenue Purchase Agreement, ensuring that we are completely transparent when communicating with potential clients. Our staff will also explain the terms and conditions of the funding process to address any questions you may have.
When applying to FundKite for pharmacy funding, please show us proof that your business is at least a year old and that you have been making at least $30,000 in monthly revenue. We would also need to see four months of bank statements from your business bank accounts to finalize your funding.
FundKite does not depend only on your credit score to approve your application. We also ensure that we look at your business plan, years of relevant experience, financial statements, and yearly reimbursements to determine if you should receive funding.
FundKite buys your future accounts receivable when your customers avail of your services or buy your products. Then, we collect a percentage of those sales, ensuring you don’t have to worry about paying back high-interest loans when you borrow from a bank. With this model, FundKite only receives payment when your pharmacy business flourishes.
