Small business owners who are looking for pharmacy business loan should consider the option provided by private lenders for numerous reasons.
Some of the features associated with bank loan applications are as follow; banks require very strong business bank statements with good deposits and strong closing balances, they also require high credit scores at least 700 or over, they do more often than not also require profit and loss statements and also personal financials of the business owners.
Private lenders such as Funding Easily do not require such criteria, and the basic criteria required makes it possible for almost every business to qualify for pharmacy business loan.
The basic criteria are the business needs to be at least a year old or not less than 12 months, the gross monthly sales need to be in excess of $15 thousand, and the business owner should not be in personal bankruptcy.
However this is not the case, banks reject over 90% of small and medium sized loan for pharmacy shop applications due to their strict qualifying criteria.
The qualifying criteria of banks have been formulate over decades, based on the best methods of preventing their investments going south.
