BEATING Government cuts in pharmacy and successful bank robbers — what do they all have in common? A man on the inside.
In these fiscally difficult times, new NPA business partner, Tom Rocks Finance, is your man on the inside.
Pharmacy loans & finance
Successfully adapting and growing pharmacy in spite of the cuts means community pharmacists looking at retaining their advantage in their local community will be making improvements in many aspects of their pharmacy business.
Banking and finance is one where simple changes can make considerable savings. Tom Rocks Finance is your first line for pharmacy loans, banking & finance.
We are an approved NPA partner, specialising in business loans and finance from £50,000-£50 million. We are all about getting better terms for you from the banks on any finance product your business needs.
We are different because, as well as our 20 plus years of pharmacy sector experience, we search the whole market to get you the best business finance terms. Our excellent network of contacts among all the major banks and lenders means we are able to find the bank which will suit you best and give you great terms.
If we don’t, we’re not doing our job properly, and we like to do a good job. When we do a great job we feel good, you feel good and you’ll tell other people we did a great job for you.
We are passionate about educating pharmacy owners and prospective owners that, just like generic medicine and wholesaler discount, money is a generic product and that there are competitive deals out there which can result in cost efficiencies and savings which add to your bottom line. So, the top and bottom line is: it pays to shop around.
We aim to save you between 10-20% on what you would pay in interest charges and fees. This means that you and not the banks are better off. When it comes to buying a pharmacy this means tens, and even a hundred thousand of savings when you come to us.
And the good news is that, there is no charge if you are an NPA member, because we take our fee from the lender.
One of our most popular products is cash flow finance. When the banks are turning off overdrafts this helps smooth out the ups and downs of cash flow, especially when the business is new or you want to invest in the business. We have the market leading product at the most competitive rates.
So if you want to know more – lift the phone and call.
Case study 1
An existing independent chain wanted to buy two pharmacies at a cost of £2.5 million. Their own bank offered them a 2.8% interest rate over a maximum period of 10 years. After a meeting with Tom Rocks Finance we secured a loan for the full amount of £2.5 million at a reduced interest rate of 2.5% over the preferred period of 15 years. The customer was delighted and switched banks to the loan provider as a result.
Case study 2
Mr D had run a well established pharmacy for 16 years. An opportunity arose to buy the freehold of the premises he traded from. However, the purchase was complicated when it was discovered that the freehold for three of the connected units within the retail block came under a single title deed. Mr D asked Tom Rocks Finance for help to fund the acquisition. Tom Rocks Finance were able to secure £400,000. This consisted of a loan of £250,000 and a £150,000 receivables facility.
So, remember, at Tom Rocks Finance we are independent specialists in pharmacy finance we search all the banks which means that you get the most competitive terms matched to your pharmacy need, and because we are an NPA partner, there is no charge to NPA members.
Our consultation is on a no obligation & confidential basis. Contact us now on 07453 28610.