Independent Pharmacy Cash Flow Solutions for Local Pharmacists Without the Nonsense of a Bank. Finally!

Finally! A Reliable Pharmacy Cash Flow Solutions for Independent Pharmacists Without the Nonsense of a Bank..png

First and foremost, most pharmacist knows that attempting to secure an independent pharmacy loan from a bank is an exercise of frustration, that eventually leads to a dead end. In fact, more than 80% of independent pharmacists that attempt the traditional financing route eventually walk away battered and bruised, like a 15 round boxing match that ended in defeat. The reality of the situation, there is an 80% chance you will be turned down by your bank when applying for an independent pharmacy loan. And keep in mind, traditional banks require roughly 30% of the total loan amount down (as skin in the game) they also put a blanket lien on all business assets, AND ALL PERSONAL ASSETS, along with taking anywhere from 2-8 months to actually fund. So unless you have an absolutely pristine credit history and credit score, roughly 20% to 30% of the entire loan amount hiding under your mattress, 20 to 100 hours compiling more paperwork than you could possibly imagine, and 2-8 months to wait around for financing, attempting to secure a bank loan for your independent pharmacy is a complete and utter waste of time.

Seriously, do you really want to put up 30% of the loan amount, and have to sign over your home in business as collateral for a bank loan?

Heck no!

Next, you have different funding solutions such as a merchant cash advance that will advance you money based upon cash sales, or credit card sales. These options are quick, and much easier to get than a bank loan, but they aren't the most prudent solution available. Why? Well, for a few reasons. Because merchant cash advances are made available based upon credit card sales. So, what if your credit card sales is just a small portion of your gross revenue? You wind up with a very small merchant cash advance, as a percentage of your gross revenue, coming from credit card sales. Most, if not all, independent pharmacists along with most healthcare related industries get paid from insurance reimbursements. So, when taking a daily draw merchant cash advance or ACH, you are essentially paying back the advance daily, on money you may not receive for 30, 60, 90 days. We have seen thousands of pharmacy owners and other healthcare professionals take out daily payment cash advances, but struggle to pay it back. It's great to get a lump sum of cash, but you are floating a lot of money in the interim of getting paid back from the insurance companies. Another-words, you are paying daily on money you may not get back for a few months.

Can you say cash crunch?!?!?

Ready for the punch line? Ok, here goes! LVRG Funding is now offering commercial funding programs developed specifically to address the needs and complexities of independent pharmacies nationwide. As a recognized leader in the small business loan space, LVRG has developed financing products designed to supply local independent pharmacies fast access to short-term funding for their business. Repayment is based on receivable collections and is not tied to a fixed amortization schedule. Funding is fast, flexible, and works in tandem with your existing revenue cycle process.

We have the flexibility to finance - healthcare business cash advance and healthcare business loan products against traditional electronic payment proceeds, as well as Government (Medicare/Medicaid) and Private Health Insurance. LVRG is able to underwrite accounts for the specific and unique nature of healthcare reimbursements, allowing indpendent pharmacist clients to obtain capital for all their business needs.

Finally! A Reliable Pharmacy Cash Flow Solutions for Independent Pharmacists Without the Nonsense of a Bank HCA Healthcare Cash Advance.png

Independent Pharmacy Financing - Funding Amounts from $10,000 to $500,000

Funds can be used for any purpose that improves the business. Uses include, but are not limited to:

  • Payroll Bridge

  • Equipment Purchase

  • Practice Acquisition / Practice Expansion

  • Inventory / Supply Purchase

  • Bridge Health Insurance Reimbursement Delays

  • Hire and Train Staff / Bridge Credentialing Period

  • Advertising / Marketing

  • Upgrade Technology

  • Pay-off Vendor Bills

  • Any Other Use that Improves Business Performance and Solves Short-Term Financial Needs

Unlike typical cash advance lenders who only consider credit card receipts, LVRG understands that as an independent pharmacy owner, credit card sales only constitute a tiny portion of your overall revenue. That’s why when qualifying for a LVRG healthcare cash advance, the amount your business is able to receive is based on your historic volume of insurance receivables as well as credit card receivables. By considering insurance receipts from any private or government insurance provider, including Medicare and Medicaid, we can offer substantially larger financing amounts with a much lower cost of capital than other traditional cash advance lenders.

Instead of taking a fixed daily, weekly, or monthly amount, repayment occurs through collection of a predetermined, fixed percentage of future insurance receivables. We only get repaid as you're repaid from any or all of your insurance processors.

Our approval process is painless. All we need to determine how much you qualify for is a one page application and your four most recent months of bank statements. We’ll determine which insurance types it makes sense to use as a repayment method and what percentage of those insurance types we’ll hold back to repay the financing. Within a few hours we’ll provide a completely free, no-obligation quote for your consideration. Our primary goal is to help your business grow.  After discovering the speed and ease of acquiring additional funds, the majority of our clients decide to renew.  We may be providing short-term financing, but we also strive to be your long-term partner in improving your business’ cash flow.

With LVRG, you get the working capital you want right when you need it. With minimal paperwork and qualifications, no hidden fees, and no restrictions on the usage of funds, you can receive capital for anything your healthcare business needs in as little as three business days. Why do healthcare businesses choose us for a healthcare cash advance? When you receive healthcare financing from LVRG, you’re getting funding with industry-leading speed that can be used without restriction. Whether it’s for expansion, bridging payroll, hiring new personnel, advertising, or buying anything from a new building to office furniture, you can use the funds for whatever your business wants or needs! Our healthcare advance product is a perfect fit for independent pharmacy owners that require more than a traditional loan can offer in a shorter period of time.

Our exclusive, non-traditional cash advance solution helps keep your business running. Instead of taking a fixed daily, weekly, or monthly amount, repayment occurs through collection of a predetermined, fixed percentage of future insurance receivables. We only get repaid as you’re repaid from any or all of your insurance processors. The changeover is painless. Locally owned, independent pharmacists shouldn’t be judged by their credit rating alone. Our speedy but thorough underwriting process includes a brief interview and constant, open communication with your representative so we make sure you get the chance to tell your story behind the numbers before a decision is made. From expansion opportunities to covering reimbursements and payroll, we offer an understanding and strategic source of continuous cash flow for your healthcare business. We have the tools and expertise to help you improve your business on your terms.

Revolutionizing the way independent pharmacies access capital. Benefits include:

  • No Fixed Term
  • No Fixed Payments
  • No Closing Fees
  • No Minimum Balances

*Ideal for independent pharmacy owners who don't want to risk their personal assets, as there is no UCC filed or personal guarantee required.

And that my firends, is an independent pharmacy cash flow solution that makes sense! Independent pharmacies throughout America are growing and thriving thanks to financing from LVRG. Let us show you how easy it is to do the same. Call (855) 998-5874 or click below.