Call Us & Get Prequalified For Your Loan

888-565-6692

First Capital Business Finance

Factoring to Finance your Pharmacy

First Capital logo 2
First Capital logo 1

First Capital Business Finance

Use Invoice Factoring to Finance your Pharmacy

Pharmacy Financing

Obtaining financing for your pharmacy might be easier than you think. Not only can we finance equipment for your business, but we also have the ability to factor in your accounts receivables.

So that means your slow-paying insurance companies will no longer be the reason for your cash crunch. If you are a compounding pharmacy or even if you are in manufacturing, your commercial clients are ideal when it comes to factoring your receivables.

It’s common to hear insurance companies taking anywhere from 3 to 6 weeks to pay their invoices. Does your business have enough cash reserves to withstand those time frames? If not, we have a solution that is faster and easier than applying for a line of credit with your bank.

Pharmacy Financing
First Capital Business Finance

Our Services

Commercial & Semi Truck Financing

Read More >
Not Traditional Financing for Your Commercial Truck is Available
Learn More

Heavy Equipment Financing

Read More >
We Can Finance Your Construction Equipment With Bad Credit
Learn More

Business Loans

Read More >
We Offer 24 Hour Approval on Working Capital Loans
Learn More
More Services

Do all pharmaceutical companies qualify?

Whether you are an independent pharmacy, wholesale pharmacy, compounding pharmacy, drug manufacturers, or even if your pharmacy has multiple locations, First Capital Business Finance can assist your company with factoring your account receivables. The pharmaceutical industry is competitive regardless of the size of your company. Having the capital readily available is very important in maintaining day-to-day expenses like payroll, inventory, insurance, rental or mortgage payments, etc.

Our Easy Approval Process!

When it comes to factoring, the approval process is probably the fastest and easiest when compared to any other financial products. Before we ask you for an application, we rather do a quick qualification call over the phone. This can save you, the business owner a lot of time. (If you’re ready now, call 949-491-1423 Once we’ve completed the quick qualification call, we would then need the following items:
  1. Accounts Receivable Aging Report (w/ detailed payer information by insurance provider)
  2. Accounts Payable Aging Report
  3. Factoring Application
Sorting Medications

Once we have your qualification package, we would then schedule a conference call with one of our underwriters. The underwriter will only need about 5 to 10 minutes of your time to go over any questions they might have regarding your AR & AP aging reports.

What would your traditional bank need for a business loan?

If you have not applied for a business loan with your bank, you wouldn’t have anything to compare with. But your bank will most likely need a laundry list of items:

Startup Businesses are Welcome!

We are not limited to established businesses, we also have programs for startup businesses. Guidelines will be different for a startup business, so it’s highly recommended you speak to one of our advisors and they can go over all the different options with you.
  1. Two years of business tax returns
  2. One to two years personal tax returns from all principals
  3. Twelve months of business bank statements
  4. Personal financial statement from all principals
  5. Bank application
  6. Business plan
  7. Two years of financials
    • Balance sheet
    • Profit & Loss
    • Debt schedule
    • Income statement
So as you can see, the process of obtaining financing from your bank is not only more work, but their guidelines are more strict and the time frame to obtain the capital is typically 3 to 4 weeks minimum.

How do accounts receivable financing work?

Due to the complexity of factoring retail pharmacies, we have developed a way to assist with factoring those receivables coming from insurance companies. Depending on the number of insurance companies you are dealing with, we’ll need to figure out who the majority of your accounts receivables are coming from. Depending on the capabilities of your pharmacy management software, you would need to produce some reports that will show the following information:

  1. Total number of adjudicated claims broken down by each insurance company
  2. Receivables that were reconciled by central pay and the respective PSAO to match up with the adjudicated claims report from each insurance company.

(We don’t want any patient information or anything that will be in violation of HIPAA)

From here we will be able to schedule a call to figure out which of the insurance companies you prefer to factor. Keep in mind, you do not need to factor all invoices.

What is the next step?

If you would like to schedule a call with one of our advisors, just give us a call at 888-565-6692.

If you can have your AR/AP aging reports readily available, it will make the process a little faster and smoother.

Testimonials 

What Our Customers Say

"First Capital Finance has been amazing! From start to finish, always keeping in contact, never leaving us wondering what’s going on. We were funded within a week for our new equipment. When you run your own business, you can’t afford down time. Vivian, eliminated our down time! We definitely look forward to using there services again. Thank you Vivian."
Luke & Sarah WeverWever’s Tree Service, LLC
"Dear Dustin, I want to take a moment to thank you and your staff. When other small business lenders say no, First Capital Financing says YES. You and your coworkers do what it takes to help small businesses."
Jeremiah JLandscaping Co.
"I almost gave up until I talked to First Capital! It was great! He worked to help me out.  As a matter of fact, I just about gave up until I talked to Dave on the phone."
R. McKelvey
"Absolutely Unbelievable! Testimonial from another of our fantastic clients who purchased a truck with our financing! David was absolutely unbelievable, he was right on with everything and on time with everything and got everything I needed and how I needed it.”
J. Michaels
"Always available, extremely responsive. He’s phenomenal…he’s always available, extremely responsive, I love him to death I’ll be using him going forward."
B. Tyson
"They kept me in the loop the whole time. Dave was very patient with me.  He provided me with anything I need, any time I needed to talk to Dave I could get in contact with him either through email or phone call, he was very easy to get in contact with.  He stayed in contact with me and kept me in the loop of the process the whole time.  I had a very comfortable experience…"
M. Williams
"Working with Anthony was just the best…that guy is just great, he has a lot of optional things that can help out people looking for funds. He really helped out."
E. Rokotovao
"Went through Dave 3 times already, I did a capital loan the first time, then got our truck refinanced, and another capital loan. Every time I’ve dealt with him he’s been very professional and super fast."
K. Morgan
"I can’t say enough good things about our experience with First Capital Business Finance. Dustin was incredibly helpful every step of the way and always available to answer our questions. We had a tricky approval and a few bumps in the road, and he went above and beyond to help us get our truck and trailer financing. I highly recommend Capital Business Finance."
Amanda M.
"Dave Daniels is detailed oriented and a super-fantastic communicator. Customers appreciate his professionalism and ability to explain complex opportunities in layman terms. When given the opportunity he becomes an extension of your business opposed to a vendor. It is unfortunate I can’t work on all my loan opportunities with him"
Maurice Settles
"My experience with First Capital has been great. Josh Tan worked with myself and the dealership everyday and made sure all the details were handled and in place for a very smooth experience. From opening to closing he made sure I was taken care of. I will definitely be financing my second and third trucks through this company and him personally."
D. Lewis
"So I have a 26-ft box truck that was in dire need of repair because that is what I used as my source of income and it affects my livelihood. I did not have the over $5,000 needed to repair it so I reached out to first Capital and was contacted by Anthony Tran. I will say initially I was a little bit skeptical simply because this was my first time ever having to use my vehicle. That's collateral to secure a loan so I was a little nervous. But I will say that Anthony was extremely helpful. Very patient and very understanding of my situation he did get me in touch with the actual company who secured the loan for me and I just have to say that Brian and Anthony both were amazing. Absolutely amazing. I would highly recommend them. I would highly recommend Anthony mainly because of his customer service. He was awesome. I would not have been able to get my truck repaired if it was not for them. After having my truck in the shop for over a month I finally got it back repaired and I am back on the road, running east to west. Thank you so much! Anthony Tran and Brian Ojeda!!!"
L. Barrow
"I contacted First Capital Business Financial to try to buy my Box Truck through them. It was the best thing I did. I had already tried other places and it was impossible, but First Capital Business Financial made it possible when Josh worked with me and was very kind and patient, always communicating with me every day about each step to follow. Thank you Josh and First Capital Business Financial for making it possible."
R. Aponte
"Wow! they are genuinely awesome. I can honestly say Dustin helped me out from the beginning to the end. They were very attentive and stood on their word. I recommend everyone to work with them. I love good people who are honest and nice everyday. Much Love. Thanks Dustin and Brian"
J. Jenkins
"A Great Experience with First Capital Business Finance If you’re in the market for a loan, I highly recommend reaching out to First Capital Business Finance. My experience working with them was smooth and professional from start to finish. The process was straightforward, and I felt supported at every step. The team is knowledgeable and dedicated to helping clients find the best financing options available. I was particularly impressed with how they took the time to understand my needs and tailor their services accordingly. I had the pleasure of working with Todd Doan, who made the entire financing process for my semi-trucks incredibly easy. Todd's expertise really shone through as he guided me through the paperwork and explained everything in a way that was easy to understand. His attention to detail ensured that I felt informed and confident in my decisions. It’s rare to find someone who combines professionalism with a genuine desire to help, but Todd did just that. Overall, I cannot speak highly enough of my experience with First Capital Business Finance and Todd Doan. Their commitment to transparency and communication made me feel valued as a client. If you are considering financing options for your business, I encourage you to reach out to them. You’ll find a team that is not only professional but also truly invested in your success."
B. White
"I dealt with Dustin Doi whom I found to be Professional,Courteous, thorough , diligent and effective. Dustin was very helpful to me especially since my technological skill set is; at best; abysmal…Dustin went above and beyond; patiently walking me through every step that I had difficulty with. I would, and have; highly recommend(ed) Dustin to other lease -to -own operators looking to purchase their truck…. Thank you SO VERY much Dustin !… may God Bless you and keep you 🙏"
Junkyard Dog

Same Day Loan Approval