Pharmacy Finance

The Loan Guarantee Scheme is available to support the following:

  • The acquisition of a pharmacy
  • The acquisition of the pharmacy freehold.
  • The relocation of an existing pharmacy to a new location.
  • The establishment of a new pharmacy where a new dispensing contract has been granted.
  • The refitting of a new or existing pharmacy.
  • The refinancing of existing borrowing from a competitor scheme.

As a result of the preferential status which AAH customers enjoy with our scheme banks, the interest margin applicable to a Statim loan is much lower than that which might be available by going to the bank direct. This enables you to increase the profitability of your business through reducing your finance costs.

In return for our financial support, you agree to use AAH Pharmaceuticals as your principal supplier and to ensure that you source a minimum of 70% of your product requirements from AAH group companies. This includes AAH Pharmaceuticals, Enterprise and Trident and is exclusive of VAT and settlement discounts.

At the end of your financial year we will request a copy of your year end accounts and these should be forwarded to us without delay. This is a requirement of our Auditors for all situations where AAH is providing guarantee support, both to ensure that the businesses we support remain profitable and that the spend requirement is being met as the business grows.

Please understand that the scheme is only successful if both parties derive benefit from the arrangement. Clearly, you have the benefit of cheaper borrowing and the value we add when assessing your proposal, together with any ongoing advice and assistance that we might provide in future for which we do not charge. AAH derives its benefit from the throughput of sales, which at the level set (70% of your projected C.O.S.) provides us with a reasonable return for taking on a guarantee risk, whilst still leaving you flexibility to use other suppliers for out of stocks etc.

Please be aware that it is not acceptable to take advantage of the loan scheme and then fail to meet the minimum spend requirement, or the other terms of the scheme. We regret that we can and will withdraw our financial support from any customer who consistently breaches the scheme conditions.