Unsecured Funds
No Personal Guarantee & No Collateral Required*
Quick Funding
Get Funded Within a few days
Simple & Easy
Past credit issues may NOT be a problem
Fast Approvals
Within 24 hours of application
Unsecured Funds
No Personal Guarantee & No Collateral Required*
Quick Funding
Get Funded Within a few days
Simple & Easy
Past credit issues may NOT be a problem
Fast Approvals
Within 24 hours of application
Small Business Loan Options
For Pharmacies
When pharmacy customers pick up prescriptions, the pharmacy receives a co-pay upfront. The majority of the pharmacy’s income, however, comes from insurance providers. You don’t have to be in the healthcare industry to know that insurance providers aren’t exactly easy to work with. Policies change, prescriptions get billed incorrectly, processing gets delayed, and the only way to stay up-to-date with these issues is to contact the provider yourself.
So, it should be no surprise that their reimbursements often come in several months after a prescription is picked up. If pharmacies don’t keep tabs on providers constantly, there’s a chance they might not receive reimbursements at all. Delinquent payments become even more hazardous when more operational funding gets tied up in inventory, which is already more expensive than conventional retail items.
Pharmacies are frequently suggested to offset their elongated business cycles by implementing new services. Some have increased daily revenue by offering immunizations or disease-specific management programs. But expansion comes with a cost, which seems a lot higher when you barely have enough cash on hand to pay your bills during certain months. The same dilemma applies to investing in new technology designed to improve organization and streamline productivity.
United Capital Source can bridge the gap while you wait for patients’ insurance firms to reimburse you. UCS has many years of experience facilitating Small Business Loans for Pharmacies. We have access to all types of business lending products. Contact us today for your FREE business funding consultation!
A FEW WAYS TO USE YOUR FUNDS:
To Learn More about Business Loans for
Pharmacies call:
855.933.8638
or email us at
[email protected]
Some of Our Satisfied Clients
We know all the routes to take to get you the best business loan
United Capital Source works with many businesses that do not get paid in full after making sales. With accounts receivable factoring, their business cycles are shortened to just a few days. This type of working capital loan can be accessed as soon as a provider is billed. The business lender purchases the unpaid receivable for a discount price and pays the pharmacy upfront. It is now up to the business lender, not the pharmacy, to collect the original payment from the provider.
Accounts receivable factoring allows you to stay current on bills, save money for growth-related investments, and maintain profit margins. You could also purchase bulk inventory or increase staff when it actually makes sense to do so instead of waiting for your budget to stabilize. In addition to simplifying inventory management, consistently paying vendors well ahead of due dates typically makes you eligible for discounts.
Solutions For Nearly Every Cash Flow Issue
A business line of credit is another sensible option for businesses prone to gaps in cash flow or unforeseen expenses. Many UCS clients use business lines of credit to cover monthly expenses during an unusually slow month or after a significant purchase, like new equipment.
For larger, long-term investments, we might recommend a working capital loan or merchant cash advance. The latter option is popular for healthcare businesses since most patients pay with debit and credit cards. Payments are tied directly to sales, making a merchant cash advance ideal for ordering inventory that will not be sold right away. Slower sales or seasonality won’t make your payments any bigger. And since eligibility is based primarily on revenue from debit and credit transactions, perfect cash flow isn’t a mandatory requirement for approval. Apply now to see how much you qualify for!
How To Apply For Small Business Loans Through
United Capital Source
Apply Online in a few minutes
Use our simple online application to submit a request for business funding. If you need any help along the way, just give us a call, chat or email.
Talk to an expert advisor on funding options that best suit your business needs
An expert, knowledgeable account executive will walk you through all the fine details and the requirements. This is to ensure you have all the info you need.
Finalize the application and get the funds sent to your business bank account
Once your funding has been approved & closed, we send the funds to your account so you can start using it to grow your business.
Industry Experts
We know the ins & outs of business funding.
We’re Available
Always willing to help even after work or on weekends.
We’re here to answer your questions. Contact us anytime:
Ready to grow your business?
We’ll find you the right program.
Complete a simple application in a few minutes
and see how much you qualify for.