Pharmacy Funding

Promising industry trends predict healthy growth for independent pharmacies. Keep on top of industry changes and compound your independent pharmacy’s success with up to $500,000 in funding from Greenbox Capital® in as little as 24 hours.

Direct, Alternative Pharmacy Loans

Traditional lenders often consider independent pharmacies to be “low risk” thanks to healthy profit margins, high revenue, and the stability of operating a needs-based service that is not as closely tied to disposable income as other businesses. You may be able to get the funding you need from a traditional lender, but the process can take months, and there’s no guarantee of approval. Opportunities to grow or expand your pharmacy can easily vanish while you wait. 

As an alternative lender, Greenbox Capital can approve more pharmacy loans, with funds deposited in as little as one business day. We provide multiple types of small business funding to grow your independent pharmacy, with funding from as low as $3,000 up to $500,000.

Pharmacy Funding Solutions

We fund all types of pharmacy, including retail pharmacies, compounding pharmacies, and all other specialties. Our knowledgeable Funding Advisors will work closely with you to determine what type of alternative pharmacy loan will help you grow and achieve your goals without compromising your cash flow.

Merchant Cash Advance

You’ll receive working capital now, and we’ll receive a percentage of your daily or weekly credit card sales until the terms of the advance have been met. Ideal for businesses with a high volume of credit card sales.

Merchant Cash Advance

Small Business Loan

Our business capital loans are typically between $20,000 and $60,000, but start as low as $3,000 and reach as high as $500,000 depending on the needs of your business. Ideal for businesses seeking short-term financing to grow.

Small Business Loan

Collateral Loan

A secured loan that uses commercial real estate to reduce the cost of the loan. With a secured loan, small business owners can often qualify for more funding or better terms. Ideal for businesses looking for longer-term funding options.

Collateral Loan

Business Line of Credit

Borrow as much or as little as you need without the obligations of a fixed term loan. Draw and repay as you go and pay interest only on the portion of money you borrow. Ideal for businesses looking for flexible funding.

Business Line of Credit

Invoice Factoring

Sell us your pending invoices in exchange for the net amount in cash. You’ll receive the balance of the invoices’ value when we receive payment (minus our fee). Ideal for businesses with long accounts receivable periods.

Invoice Factoring

How To Use Pharmacy Funding

Businesses in the healthcare sector, including independent pharmacies, face a number of unique challenges. Your pharmacy may need a quick infusion of working capital to help overcome these obstacles, such as: 

  • Decreased reimbursement rates and exclusion by pharmacy benefit managers (PBMs) for Medicare prescription drug plans
  • Delays receiving payments from insurance companies
  • High customer expectations—customers demand short wait times, clear information, value-added services, and assistance dealing with insurance companies
  • Competition from chain pharmacies and large retailers
  • Government regulations and supply chain restrictions
  • Ongoing licensing and certification fees

Alternative pharmacy loans can also provide the cash flow you need to improve or expand your pharmacy. Use your funding to:

  • Add new revenue streams, such as telepharmacy services or compounding services
  • Offer additional services such as blood pressure screenings or specialty drug dispensing
  • Purchase inventory, equipment, and pharmacy supplies
  • Renew licenses and certifications to stay in compliance with new laws and regulations
  • Invest in specialized training for pharmacists
  • Offer special off-site health programs to local companies, such as flu shot clinics or blood pressure screenings
  • Add on-site patient services such as a walk-in clinic
  • Expand to, or acquire, a new location

How Pharmacy Funding Works

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    Submit your 1-page application

    After you submit your application, a Funding Advisor will reach out to you within 1 hour (during regular business hours) to discuss your options.

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    Choose your funding

    Your Funding Advisor will work closely with you to determine which small business funding option will help you achieve your goals without compromising cash flow.

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    Get funded

    Once you and your Funding Advisor determine what funding option will work best for your business, your funding can be approved and deposited within 24 hours.

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    Repay your funding

    Repayment terms will depend on what kind of pharmacy loan you use. Terms are set in advance so you know what to expect and can plan accordingly.

Will You Qualify?

At Greenbox Capital, approval for pharmacy funding is based on the overall health of your business, not just your credit score. Here are some factors we consider:

  • Business revenue
  • Cash flow
  • Vendor payment history
  • Years in business
  • Public records

Why Get Funded by Greenbox Capital?

Operating an independent pharmacy is complex, with a number of unique challenges which can be complicated by changing regulations that are beyond your control. Opportunities to expand and improve your independent pharmacy can come and go quickly, and you may not have time to navigate the long, intensive application process of a traditional lender. With our faster approval process, you can get funded in as little as one business day.

Greenbox Capital will take the time to get to know your business and your goals so we can provide the support you need to grow and expand. We’re proud to provide responsible pharmacy funding, and will never over-leverage your business by dispensing more funding than you can handle.

Pharmacies Funding Q&A

Q: I am an independent pharmacy needing to expand my lab. Should I get a pharmacy loan for this project?

A: Yes, an alternative loan is ideal for expanding your lab. We always recommend using pharmacy funding to grow your operation.

Q: My inventory is getting low and I need to restock. What type of loan do you suggest?

A: We have several funding options that could work for you. To identify and select the right loan, please contact one of our knowledgeable Funding Advisors.