Pharmacy Funding
With over 27,000 pharmacies operating in the United States, staying competitive in the industry requires constant adaptation. Secure up to $500,000 in funding from NextGen Capital in as little as 24 hours to help your independent pharmacy grow and succeed.
Pharmacy Funding You Can Trust
Traditional lenders often view independent pharmacies as “low risk” due to their stable revenue, strong profit margins, and essential services that are not dependent on disposable income. However, securing pharmacy funding from a bank or the SBA can take months, with no guarantee of approval—potentially causing you to miss growth and expansion opportunities.
With a simplified online application and flexible approval criteria, NextGen Capital can provide pharmacy funding faster than traditional lenders, with funds deposited in as little as 24 hours. Our funding options range from $3,000 to $500,000, supporting all types of pharmacies, including retail pharmacies, compounding pharmacies, and specialized pharmaceutical businesses.
Pharmacy Funding Solutions
will help you achieve your goals without compromising your business’s cash flow.
Merchant Cash Advance
You get working capital when you need it. We’ll receive a percentage of your daily or weekly credit card sales until the advance is repaid.
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).
Collateral Loan
A secured loan that uses commercial real estate to reduce risk. Because the loan is secured, you may be approved for larger loan amounts with lower rates and fees.
Business Line of Credit
Borrow as much or as little as you need without the obligation of a fixed term loan. Draw and repay as you go, and only ever pay interest on the amount you've borrowed.
How You Can Use Pharmacy Funding
There are no restrictions in place on how you can use your funds. Pharmacy Funding is ideal for supporting your business’ revenue, furthering your commitment to the community, and helping more patients. Use your funding to:
- Develop or enhance services
- Purchase necessary equipment and devices that help patients communicate with caregivers
- Hire and train staff to provide high-quality care
- Expand your geographic reach by increasing your marketing efforts
- Hiring additional personnel in new areas of operation
- Obtain proper licenses and certifications
- Develop an online booking system for your services that can be accessed at any time
Will You Qualify for Pharmacy Funding?
Exact qualification requirements depend on the type of pharmacy funding you are seeking. Approval for pharmacy funding from NextGen Capital isn’t based solely on your credit score or financial history. Instead, we focus on the overall health of your practice, including:
- Business revenue
- Cash flow
- Vendor payment history
- Years in business
- Public records
How Pharmacy Funding Works:
Pharmacy Funding Q&A
Yes, alternative pharmacy funding is an excellent option for expanding your lab, allowing you to increase revenue and grow your business.
Our application process is simple and efficient, with same-day funding available. To get started, fill out our one-page application form or speak with a Funding Advisor.
We offer multiple funding solutions tailored to your pharmacy’s needs. To determine the best option, consult one of our knowledgeable Funding Advisors.
Traditional lenders often take weeks or months to review and approve loan applications, and many applicants are rejected. As an alternative lender, we have more flexible approval requirements and can provide funding for “high-risk” industries. You can receive funds for project expenses, operating costs, supplies, and more—often in less than 24 hours.
