LVRG Funding is now offering commercial funding programs developed specifically to address the needs and complexities of local independent pharmacies in Metro Detroit; throughout Wayne Country, Macomb County, and Oakland County. As a recognized leader in the small business loan space, LVRG has developed financing products designed to supply Metro Detroit's independent pharmacies fast access to short-term funding for their pharmacy 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.
Cash flow can make or break an independent pharmacies financial health. More often than not, maintaining it is a balancing act between insurance reimbursements and cash on hand, and it's a tricky tightrope to walk. Especially if you're relying on insurance reimbursements or irregular payment cycles, your cash flow can become unpredictable. As the numbers grow, so do the stakes and the best possible asset you can have is a plan.
Independent Pharmacies in Metro Detroit all have one thing in common… The need for consistent cash flow and they are not finding it available at local banks. The reality of cash flow & working capital for Independent pharmacists in Metro Detroit, is that it’s getting harder and harder to come by through traditional channels. Banks have become especially tight-fisted with pharmacy loans or credit lines for independent pharmacies in Metro Detroit without the benefit of something of equal or greater value to secure that loan or line against. All independent pharmacists in Metro Detroit, need insurance companies to pay their bills on time, and/or get access to quick cash to pay expenses and take on new business. Now, we are revolutionizing the way independent pharmacies throughout Metro Detroit access capital.
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 independent pharmacists in Metro Detroit obtain capital for all their business needs.
Our exclusive, non-traditional cash advance solution helps keep your pharmacy 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.
Metro Detroit's 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.
We know the healthcare industry and understand the cash flow challenges you’re faced with.
From expansion opportunities to covering reimbursements and payroll, LVRG offers an understanding and strategic source of continuous cash flow for your local independent pharmacy business. We have the tools and expertise to help you improve your business on your terms.
- No Fixed Term
- No Fixed Payments
- No Closing Fees
- No Minimum Balances
Funding amounts from $15,000 – $1 Million to help grow your independent pharmacy business in Metro Detroit. Funds can be used for any business purpose, such as:
- Bridge Payroll
- Marketing Expansion
- Purchase Equipment / Inventory
Simple Application Process -
- 1 page application
- 4 months of bank statements
- Approval decisions in 24 hours
- Funding within 3 days
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 pharmacy business needs in as little as three business days. Why do Metro Detroit's independent pharmacists choose us for a loan? 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 loan product is a perfect fit for independent pharmacists that require more than a traditional loan can offer in a shorter period of time.
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 pharmacy 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.
The HCA is the only product that provides a real, viable alternative to term loans for independent pharmacies in Metro Detroit. Also, it's ideal for local pharmacists who don't want to risk their personal assets, as there is no UCC filed or personal guarantee required.
Independent pharmacy owners throughout Metro Detroit 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. We're local, just like you. Call (855) 998-5874 or click below to get started!