Why a Pharmacy Business Loan Could Be the Right Prescription for You
There is a lot that goes into running a business; that goes without saying. What many people don’t realize is that it often takes money to make money. It’s expensive to run an inventory based business, especially one with as many moving parts as drugstores.
People will always have pharmaceutical needs; meeting the demands of these customers is vital to the success of your business. Prescription drugs can be extremely important to a customer’s well being, so making sure your shelves are stocked isn’t just necessary for your pharmacy’s business, but for the health of the customers who rely on it.
Because of the expensive inventory required to run a successful pharmaceutical business, many of these owners will turn to pharmacy business loans to get the funding necessary to grow.
The Problem With Traditional Pharmacy Business Loans
When a drugstore owner comes across the need for pharmacy business funding, they’ll most likely turn to a traditional lender. However, traditional lenders have become less and less likely to accept small businesses, not just for pharmacy business funding, but small business loans in general.
Qualifying for a traditional pharmacy business loan has become difficult for even the most qualified small businesses. Banks are unwilling to offer the unsecured business funding that many pharmaceutical and drugstore businesses are looking for.
Unlike traditional loans, qualifying with Fast Capital 360 is quick, easy, transparent, and only requires a few minutes of your time. If your business meets the following criteria, you might qualify for pharmacy business funding with Fast Capital 360:
- A personal credit score of over 520
- At least 6 months in business
- An annual revenue of $120,000
If your business fits this description, then you might qualify for pharmacy business funding with Fast Capital 360.
Drugstore & Pharmacy Business Funding With Fast Capital 360
Fast Capital 360 offers merchant cash advances to companies having trouble qualifying for pharmacy business funding with banks. Taking funds with us is a simple process and can be broken down into just three simple steps.
Step 1: Apply in Minutes
Our online application has been simplified to take just a few minutes of your time. Apply online and you could find out what your business qualifies for in under an hour.
Step 2: Pick Your Funding
Once you know what you qualify for, one of our passionate business advisors will walk you through our different funding programs and decide which best fits your business’ needs.
Step 3: Use Your Funds!
Once you’ve chosen a type of funding that works for you, most of our applicants receive their funds by the end of the following business day. All that’s left from there is to use your pharmacy business funding to help you drugstore grow!
If drugstore and pharmaceutical funding is all that’s standing between you and your pharmacy taking its next step, then Fast Capital 360’s variety of medical business funding might be exactly what you’re looking for.
Call us at 800-732-6107 or contact us online, and you could find out if you qualify for pharmacy business funding in under 60 minutes.