Pharmacy
Loan Purpose |
Funding against the value of the business – no real estate security required
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Suitable Borrowers
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Qualified pharamacists seeking fundings against the value of the business.
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Loan Amounts
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Minimum of $250,000 with no maximum loan amount.
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Maximum LVR
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Will fund up to 70% of the value an existing Pharmacy business without the need for real estate security. Will consider up to 80% for loans over $1m
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Loan Term
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Up to 10 years fully amortising
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Variable or 1, 2 or 3 year Fixed Rates. Rates will vary subject to the overall strength of the applicant and the pharmacy cash flows.
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Repayment Options |
Interest only periods are available up to 5 years. Interest only period will vary depending loan to value ratio.
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Valuations |
Valuation fees are to the borrowers account and payable on receipt of an Indicative Offer
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Establishment Fees
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When comparing finance ensure that you examine the total cost of your loan including interest rate and all establishment and ongoing fees. Morgan Brooks Direct offer significant cost savings, from time to time, by waiving the establishment and certain other fees.
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Additional Features
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No wholesaler guarantee required means you are free to choose from whom you purchase your stock.
Free Eftpos facility for the first 12 months No account keeping fee on Business Management Account 50 free transactions per month Dedicated Pharmacy manager |
In order to obtain an interest rate for this product please call 1800 801 999.
