Business Loan for Medical Shop

The healthcare sector in India has become one of the largest industrial sectors of the country, both in terms of employment and revenue. The sector is growing at a breakneck pace because of the nation’s strengthening coverage. Another reason behind the growth of this sector is an increase in private and public expenditures. There are mainly small companies engaged in the production of pharmaceuticals in India. Both small and medium scale units operating in this field do not have the required capital for investing. They lack the funds required for buying equipment or engaging in research and development work. It is only because of this reason that it becomes essential for them to avail a business loan for pharmaceuticals.

Pharmacy Business Loan at Low Rate of Interest

FlexiLoans offers small business loans for medical stores. The funds generated through these loans can be used for buying more medicines to serve the requirements of an area. Nevertheless, there are a line of credit and term loan facilities also available for the pharmaceutical companies to purchase medical equipment, health insurance, medical devices, and other essentials.

Our vendor financing and loan against POS options help the pharmaceutical companies are using them as a medium of getting more funds. Sometimes, it can get tricky for such companies to provide adequate collaterals needed for applying for loans at the banks. In that case, our unsecured business loans for pharmacies come to their rescue.

Basic Eligibility Criteria

How Can a Pharmacy Loan for a Chemist be Helpful?

For SME owners across India, FlexiLoans can come as the right option for availing pharmacy loans for the chemist. Obtaining such loans gets easier with us because we have a simple loan application procedure. The only thing you need to do is provide all the documents to be verified and wait for the approval of the same. This will take a minimum of 48 hours. Once the loan is approved, you will have the amount quickly disbursed into your account.

Our pharmacy loan for chemists can be helpful in several ways. The loan amount can be used for improving business prospects or for business expansion. The amount can also be used for increasing the number of medicines and drugs that a chemist shop deals in. With better availability of drugs, people will keep coming to the store to fetch their medical requirements. This will further help the chemist store in increasing profits. At FlexiLoans, we have dedicated experts to help you out with the loan procedure.

Documents Required for Pharmaceuticals Business Loan

Frequently asked questions