The background
The pharmacy was a strong business with the dependable core every pharmacy has: NHS dispensing income. The buyers needed 85% funding without providing additional security — a structure we knew the right lender would support.
The sticking point
The first bank priced the business like an ordinary shop. It offered a 65% loan and wanted security on top — a reading of the business that ignored both the reliability of NHS income and the pharmacy's track record. On those terms, the purchase could not proceed.
The way past it
We placed the application with a lender that understands pharmacy income — how NHS revenue works, how it is assessed, and what a well-run pharmacy's track record is worth. The application was prepared to present that picture clearly, and structured under the government-backed loan scheme.
The result
Accepted under the scheme: 87% funding, no security required — better than the terms the buyers had originally needed. The £625,000 acquisition completed.
The acquisition completed.
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