Purpose: Acquiring a pharmacy, refinancing an existing wholesaler guaranteed loan, business expansion including purchase of freehold. Improvements and shop refits, superannuation contributions (non-wholesaler loans only unless otherwise approve the wholesaler)

Maximum Loan Amount:

Existing: Up to 75% of going concern valuation by bank instructed Value.

Greenfield: Up to 60% of purchase price or forecast going concern valuation by instructed Value.

Max.  Loan Term: 10 years


Wholesaler guaranteed: Master Guarantee from wholesaler.

Non Wholesaler guaranteed loans:

  • Firm / Partnership: Mortgage over freehold or leasehold , Bill of Sale (or equivalent) over business assets,
  • Company: Fixed & Floating Charge, Directors ‘ Term insurance to a minimum 50% of borrowing.