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Pharmacy Industry News
Independent Pharmacy’s Guide to Getting a Loan
As the adage goes, it takes money to make money. And when you run a business, it often takes somebody else’s money—whether your goal is as grand as acquiring a pharmacy or as mundane as upgrading your equipment.
But the idea of borrowing money can overwhelm even the best pharmacy owners or potential owners. How much can you afford to borrow? How can you qualify for the amount you need? What rate should you be looking for? Is it worth the financial risk?
Pharmacy loan guru Bo Garmon, loan officer at First Financial Bank, is here to help. First Financial Bank’s lending team has over 75 years of pharmacy experience and includes current and past pharmacy owners—and it has originated almost $200 million in pharmacy loans over the last few years. Read More.
What’s a Small Business Administration Loan?
Who doesn’t have questions about borrowing money to purchase or start a pharmacy? In the article, we will discuss Small Business Administration (SBA) lending and the role First Financial Bank (FFB) plays. Read More.
Refinance Debt: Easy Cash Flow for Your Pharmacy
Cash flow is critical to any small business, and the world of independent pharmacy is no exception... Read More
For State-Specific Community Pharmacy Impact Fact Sheets click here.
POLA a Huge Success!
"Opportunity is on the horizon for student pharmacists interested in ownership. With an aging demographic of independent pharmacy owners, there has never been a better time to consider ownership." Continue Reading