Cashflow Facility for Pharmacies

Discover a flexible finance solution for pharmacies that provides a working capital facility for independent pharmacies and pharmacy groups in the UK.

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Bluestone can now offer a finance solution for pharmacies through a type of working capital (cash) facility. It is available to independent pharmacies and pharmacy groups in the UK.

In its basic form, the facility works a bit like an overdraft - the value of the facility can be up to 2.5x your monthly NHS income - so as you grow, so does your facility. If you choose to draw down funds, you make payment only on the funds that you have drawn down and only when you use them.

A lot of pharmacies have decided to utilise this facility to support their acquisition and growth plans, as well as making purchases such fit-outs and pharmacy robots.

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How does it work?

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1. Your pharmacy has £100k incoming each month from the NHS so you decide to borrow the maximum amount offered (for example, £250k).

2. You draw down funds immediately (to pay for a new pharmacy robot).

3. Once the facility is in place, any new NHS income is paid into an account which you have full control of.

4. You can withdraw whatever you need from the account after any interest is paid (for example if you receive £100k of income that month, you could decide to withdraw it all, or remove half and leave the rest to draw down as part of the £250k you borrowed initially).

5. Once the funds have been paid back, you can draw down again at any point.

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The key details and eligibility criteria

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• Access up to 2.25 x NHS monthly income
• Minimum £25,000 facility.
• No minimum term.
• 30 days notice to exit.
• Arrangement fee: 3% of the facility limit.
• Any independent pharmacy business in the UK (sole trader, partnership, c4,000 business in the UK) are eligible for this particular finance facility.

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Apply for your cashflow facility today

Our team of finance experts has over 27 years of experience helping organisations secure the finance they need to support their growth. We’ll work with you to understand your specific financing requirements and provide a range of bespoke finance options based on your goals. With Bluestone as your finance partner, you can trust that we’ll support you throughout the entire process, from application to approval and beyond.

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