Previous  |  Next  |  View All

SBA loan helps independent pharmacy refinance debt, obtain permanent working capital and fuel expansion

“44 Business Capital was about the 30th lender I spoke to when seeking financing for my specialty pharmacy. Jeff Peisach took the time to understand my business and realized that it was a viable and good loan. Jeff worked with me through the entire process and put me in touch with the leadership at 44. They took the time to talk to me about my business operation and understood my payment system. They helped me gain financing when banks just said no without discussion.”

David Posner
Bradley Drugs | Bethesda, Maryland

CHALLENGE

Revenues have doubled in recent years and the company needed some permanent working capital to help facilitate the growth. The business did not have adequate collateral for a conventional bank line of credit but exhibited excellent management and debt service coverage. An SBA 7a loan was structured to consolidate existing debt and pay down accounts payable thus strengthening the companys buying power with its vendors.