First-time buyers succeed with cashflow safety net
Pharmacy
£359K
Start-up costs
EA Pharma
Community pharmacy
Founded 2020
Amir Hassan Iqbal and his business partner own three pharmacies in the bustling Yorkshire towns of Selby and Rotherham. They bought their first premises in 2020 and acquired two more in 2023. Initially, a broker recommended RxBridge as a fast and flexible way to cover cashflow shortages - especially useful to first-time pharmacy owners - and they’ve used our facility to help finance their start-up periods and cash flow management ever since.
Business went well after their first pharmacy acquisition in Selby, but the first-time buyers soon found themselves in a stressful position. After paying for stock and other upfront bills, it would take a few months before their NHS income covered their costs.
Their broker recommended RxBridge as a cashflow support for their first few months. Amir was worried that he may end up with a high-interest loan, but when he learned he would have full control of drawing down funds and only pay interest for the days he borrowed, he quickly saw how this flexible cash reserve would make starting out much less stressful.
After a straightforward application, Amir was quickly set up on our simple online portal and could draw funds straight away. By using the facility only when he needed it, he successfully launched his first pharmacy and went on to use it for two more. With business growing, he is also considering using RxBridge funding to refit one pharmacy and to finance future acquisitions.
“The RxBridge facility helped us to cover stock and operational costs in the first few months of running our new pharmacy, which is when you need capital the most.”
Their challenge
After buying their first pharmacy, Amir and his business partner realised that it would take a few months before their NHS income covered their initial running costs. Amir urgently needed flexible access to a cashflow safety net for his first few months of trading, but he didn’t have time to wait for a slow and complicated response from a traditional lender.
When his broker recommended RxBridge, Amir was hesitant to deal with a lender he didn’t know. But when he learned that we’re pharmacy specialists who understand NHS payments, offer more funding than other lenders and give complete control of drawdowns and repayments, he knew this support would help his business succeed without the worry.
Our solution
As experienced specialists in the sector, we’ve designed a finance facility specifically for pharmacies based on your NHS income. We offer more funding than other lenders (up to 4X your monthly NHS receipts), transparent fees and a streamlined application – so you get a decision and a funding limit within days, not months.
This meant we could quickly offer EA Pharma a revolving line of credit to see them through the ups and downs of their crucial first few months of trading. With immediate drawdowns from our simple online portal, their cash reserve is always available and can be used for anything – cashflow, stock orders, shop refits or even acquisitions.
- More funding than other lenders
(up to 4X monthly NHS receipts) - Pharmacy specialists who understand
your business - Quick decisions so you can move at pace
- Flexible credit line with no set repayments
- Only pay for the finance you use
“I would recommend RxBridge to any first-time buyer. Having that cashflow safety net gives you confidence and peace of mind when you’re starting out.”
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Ready to talk?
Find out how an RxBridge facility can help you achieve your ambitions
Call: +44 (0)20 7313 8088
or email: info@rxbrige.co.uk
