Case Studies

CASE STUDY #2

Specialty Pharmacy

small business loan

Let's Get Started

Table of Contents

    Owning a successful pharmacy requires a significant amount of working capital to purchase inventory and cover day-to-day expenses. So when this family-owned pharmaceutical business lost its largest customer, we knew we had to help them get back on their feet.

    Client Characteristics:

    • Historically profitable and Cash Flowing business lost its largest customer
    • Unsophisticated Accounting and Finance systems
    • They were unable to convert them to their ABL group
    • The company was in default for 18 months

    Solutions

    • SMB provided a refinancing option after spending time with the company to understand their situation and potential path to refinancing
    • Negotiated multiple subordinations with key suppliers
    • Negotiated interim line extension with an existing banking relationship
    • Refinancing took 75 days from start to finish
    • Paid off bank whole

    Ready to apply for a Business Loan?