Pharmacy Industry News
Mark Your Calendars for Pharmacy Ownership and Leadership Academy (POLA) 2020
Considering Pharmacy Ownership? You don't want to miss this event! The Academy will take place June 8-12, 2020 in Little Rock, AR. Check out this recap from POLA last year. Stay tuned for more information.
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
We closed today on our transaction and it was incredibly smooth, mainly due to the hard work on the back end by FFB's loan operations team. My law firm represent lenders, sellers, and buyers on SBA loan closings so I know what it takes to get them done. On the front end, no one would have ever even known this was an SBA deal. I cannot pay a higher compliment than that as many lenders attempt to close SBA loans, but many are not able to close it in the way FFB did. It was a pleasure working together. We couldn't have done it without the exceptional work by the FFB team! Rishi, NJ
Having lenders with industry experience that are friendly, it doesn't seem like you are working with bankers, great experience! Tyler, MO
My loan officer was very knowledgeable and personable, and knew my business extremely well. FFB is a pleasure to work with and I highly recommend them! Jill, NY
They have numerous industry partners that refer them, that says a lot! Emily, CO