In response to the increased business opportunities arising from recent Rite Aid closures in many communities, we understand the critical need for cash flow support. NCPA is pleased to collaborate with two of our trusted financial partners, Affiniti and Live Oak Bank, to help fill that gap.
Our third financial partner, First Financial, does not currently provide lines of credit or express loans. All three provide tailored solutions to help meet your pharmacy's financial needs.
Here are some details on the lines of credit provided by our financial partners:
Affiniti
For NCPA Mastercard holders, Affiniti partner Emigrant Bank offers a range of financing options, including lines of credit, term loans, and acquisition loans for expanding to new locations. Rates, based on creditworthiness, typically range from 10 to 15 percent APR, with approvals as quick as three weeks from when financial documents are prepared. For more details or to apply, please get in touch with Tom Sharon at [email protected].
Live Oak Bank
As pharmacies adapt to serve more patients affected by recent closures, Live Oak Bank offers the Express Loan program, designed to provide rapid access to funds. These funds can be used for new inventory, script purchases, marketing campaigns, staff recruitment, and more.
Live Oak Express Loan benefits:
Competitive rates ranging from 10 to 13 percent.
Quick approval process, with funds available in weeks.
Loan amounts ranging from $10,000 to $350,000.
Flexible terms up to 10 years with no prepayment penalties.
No personal collateral required, and no hard personal credit pulls.
Visit www.liveoak.bank/express to learn more about how they can support your pharmacy during this crucial time.
NCPA is committed to providing you with the financial resources and support necessary to navigate these opportunities effectively. If you have any questions or need further assistance, please contact NCPA's Mark Ey at [email protected].
