Providing funding solutions and loans for Pharmacists

Fee free, expert advice on the loans, mortgages and finance your pharmacy business needs

Speak to one of our experts020 4525 5312

Funding options


Buying your first Pharmacy

  • Pharmacy finance experts to prepare your loan application
  • Support with your Business Plan and Cashflow projections
  • FEE FREE - unlike others we don't charge
  • LTV's up to 85% / 100% LTV also available in many cases
  • Terms up to 25 years
  • Rates from 1.8%

Expanding your Business

  • Refinance you current lending onto cheaper rates
  • 100% finance available to buy your second site
  • "Covenant lite" funding available for Groups looking to expand
  • Terms up to 25 years / Rates from 1.8%
  • Widest range of lenders - all High Street Banks AND Challenger Banks with more flexible lending approach

Other Pharmacy Funding

  • Cashflow finance from 1.9%
  • Equipment Finance up to 72 months
  • Finance for IT hardware / software
  • Shop-fitting and Refurbishment
  • Finance to pay Tax / HMRC

Talk to Rangewell – the Pharmacy Finance experts

At Rangewell our Pharmacy Finance experts work across the entire lending market. We understand your funding need as a pharmacist, and help you find funding solutions to help you run and develop your practice

At Rangewell we recognise your professional status, and we work harder to find you better solutions - which can include 100% finance for many of your needs.

Pharmacy loans

We understand the pharmacy business - and we know every solution to bring you the finance you need

Running a pharmacy can be a particularly lucrative business, letting you use your professional skills, and providing a huge range of commercial opportunities.

But whether you are opening a new pharmacy or taking over an existing chemist shop, you will need finance. Being able to capitalise your business is key to its success.

Acquiring premises, shopfitting, stock, the costs of operating the business, or specific costs like dealing with your tax bills without disrupting your cash flow will all need external funding. At Rangewell, we understand the particular challenges you face, because we work with pharmacists across the UK, and help them find solutions to their funding needs.

Funding options for pharmacists

We can help you find the right type of funding option to:

  • Buy an existing pharmacy - or set up a new business
  • Acquire premises for your pharmacy
  • Acquire equipment and assets
  • To acquire a pharmacy franchise
  • Provide working capital and finance growth
  • Deal with tax
  • Funding to buy a pharmacy

Whether you are buying into an existing pharmacy as a partner, buying it outright or setting up a new pharmacy practice, you will have a number of costs to consider.

Funding to buy a pharmacy - what business loans are available

If you are acquiring an existing business, these income streams and costs may be a little easier to predict. If you can assess the performance of the business to understand its current value it may be easier to agree on a fair price.

The price you negotiate for the business as a going concern should include:

  • The purchase price of the premises if they are owned by the business
  • Goodwill, fixtures and fittings
  • Stock: Included as part of the sale
  • You will also need to pay for solicitors and accountant's fees.

If you are thinking of buying into a large practice, you may need to do so as a partner - or buy out a partner who may be retiring. Buy-in and Buyout Finance recognises the challenges and provides funding tailored to help you make full use of the opportunity.

Are you looking to buy your first pharmacy?

We can help professionals like you to make the most of the opportunity

Call us




Setting up a new pharmacy

Setting up your own practice will also have some substantial costs. There will be premises to pay for – most likely with a rental agreement in the first months and years, at least.

There may also be shopfitting and equipment to pay for. You'll also have staff and operating costs, electricity and business rates.

Remember you will also need to make provision for your working capital cash flow. You will need funds to deal with all the business expenses including your own salary in the early months of the business. It may take time for you to build a customer base if yours is a start-up business.

See how we can help you find the most cost-effective funding to buy or set up a pharmacy business.

As an independent pharmacy business, you may face stiff competition from the major chains. A franchise from one of the leading pharmacy names could reduce the risks, let you offer a familiar brand and provide support with marketing and buying, while still allowing you to be your own boss.

At Rangewell we are experts in helping all kinds of UK businesses find the funding they need to take up and run franchised operations.

See how we could put a pharmacy franchise within your reach.

What pharmacy loans are available? 

Pharmacy loans and mortgages are readily available from all the High Street Banks (who on the whole like medical businesses and have a healthy lender appetite for loans to the pharmacy sector) as well as many specialist banks such as Wesleyan Bank and Recognise Bank.

As a specialist sector, the appetite from the High Street Banks is often based on the level of assets, income and experience you will have as a first-time operator, as well as the capital requirements that you will require - the specialist lenders tend to have more flexible repayment terms and will look to provide finance solutions that will allow for a larger element of funding for goodwill and/or upfront VAT funding.

When looking at potential funding packages it is important to work with a Commercial Finance Broker like Rangewell who look at the whole picture including the repayment profile, monthly repayments, the structure of the business loan, the time the lender takes on average from enquiry to completion, the finance agreement types that are being offered and the overall reputation of the finance provider.

Funding for your equipment

Whether you are starting up, buying into an existing business, or ready to move your current business on, you will need equipment. Your own dispensing equipment is an obvious cost, but you will also need retail equipment, with displays, shopfitting and POS systems.

Need to update key equipment without the upfront cost?

Contact our team to find the most appropriate finance package for your needs

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What loans are available for pharmacy equipment?

At Rangewell we have found that Asset Funding can provide the most cost-effective solutions for most kinds of equipment your pharmacy will require. Asset Finance covers a number of funding solutions that can help you.

Hire Purchase

If you need equipment that you want to go on giving service for years, Hire Purchase brings you outright ownership of the asset and enables you to spread the cost over a term that suits you of up to five years.

  • Repayments are fixed to allow easier budgeting
  • Capital can be preserved by spreading costs
  • Fixed payments - tailored to suit your individual circumstances


If you need the latest equipment without the cost of owning it, leasing will give you the freedom and flexibility you need. Leasing can mean that responsibility for maintenance remains with the leasing company, reducing demands on your time as well as reducing costs.

  • No upfront deposit required
  • Repayments are fixed to allow easier budgeting
  • Capital can be preserved by spreading costs
  • Fixed payments - tailored to suit your individual circumstances
  • Protection of existing credit lines, making any further borrowing easier
  • Up to date equipment - be ahead of your competitors

Vehicle finance for pharmacists

Asset finance solutions could also help provide a business vehicle, which could be essential if you want to offer a delivery service.

Vehicle finance could help you cut the cost of the vehicles you need.

New or used?

Good quality used equipment can be a sound investment, especially if you are setting up a new practice. However, many pharmacists miss out on the potential savings because they believe they need to find the cash to pay for it.

Funding to buy chemist shop premises

Retail premises in a good location, ideally with parking and public transport nearby will be a major cost for a successful pharmacy practice. You may need to for the deposit on a long-term lease. Alternatively, you might be able to reduce your monthly outgoings and acquire a valuable asset for your business with a Commercial Mortgage.

A Commercial Mortgage could help you acquire new premises, or acquire your existing premises from your landlord. It could also help if you want to buy additional premises as a branch of your existing business. If you already own your premises, you may also be able to raise finance by remortgaging them.

Running and growing your pharmacy

Your existing practice will have ongoing costs that you need to deal with. You may want to refurbish your premises to deal with wear and tear. You might want to fund growth, taking on staff or even take on a branch. You might also need to deal with more cashflow issues especially in the early stages of a new practice.

At Rangewell, we know all the solutions available and we can work with you to find the finance that is most appropriate for the particular challenge you face.

Tax Loans

Large quarterly VAT bills or annual tax demands can cause problems with your cashflow, particularly when that falls at the same time as other costs.

Tax Loans help you to spread the cost of your tax demands into affordable monthly payments.

See how a Tax Loan can mean better control of cash flow with fixed monthly payments.

Working Capital Finance

Working Capital Finance is designed to boost the working capital available to a business. It's often used to provide cash to pay staff during the early weeks and months of opening a practice, or during a period of growth. It is designed to be repaid in the short- to medium-term.

Our finance experts can help solve your working capital needs.

Growth Finance

Having access to substantial finance is essential if you have major plans for your practice, such as acquiring a competitor.

Growth Finance is a special type of funding designed to fund your growth plans.

Even if your practice does not have the history and profit record that lenders usually require, we can help you find solutions.

Get our help in finding the most competitive lending for your needs.

Unsure which challenge you need help with?

Our expert team support you from initial enquiry to drawdown

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Why you need Rangewell to find finance for your pharmacy

Your professional status can help you secure attractive rates for the funding you need, especially if you can demonstrate a successfully performing business through accounts and potential through a detailed business forecast.

Finding the most competitive deal across the entire market takes time and knowledge. We know the lenders who can offer the most competitive rates for all types of finance. As well as conventional finance products, we can help you find Alternative Funding, using new loan providers and styles of funding.

Whether you have a straightforward, small-scale funding need, or require a complicated ‘Jigsaw' funding plan made up of a combination of financial products, we can work with you to find the answers.

Call us now to get our experts working for you - from funding for a pharmacist competitor buyout to affording equipment and more.

Discover our range of finances

Every type of finance for every type of business

Our goal is very simple - to help businesses find the right type of finance as quickly, transparently and painlessly as possible.

Helping you build your profits

  • Cutting the cost of equipment with Asset Finance
    Equipping a retail pharmacy can mean a substantial investment. Asset finance can provide the equipment you need while spreading the costs.
  • Helping you build your business
    We can provide the funding you need at every stage of your business, from acquiring premises, an existing business or a franchise to supporting your ongoing development.
  • Acquire premises
    You need retail premises in the right location for your business to succeed. We can help you lease them - or buy them outright.
  • Tailored finance
    By working with you to understand your business needs, we can help find the most appropriate funding to meet them - reducing your costs.
  • Making franchising affordable
    A franchising arrangement can help you compete with major high street pharmacy chains. We can provide the funding you need.
  • Specialist lenders
    Some funding providers specialise in particular areas of business. At Rangewell, we can help you find the most appropriate lenders for the pharmaceutical sector.

Download Rangewell’s free and detailed guide to Finance for Pharmacists

What types of finance are there - which do you need?

Why not all providers are equal - finding the one that’s right for you

How we can provide an additional income stream

The downsides to finance - and how to avoid them

Do I need to use a lender who is authorised and regulated by the financial conduct authority?

 What different finance packages are available for cash flow, a pharmacy purchase or partner buy-in/out?

How to arrange finance - what paperwork do you need?

Do lenders look at pharmacies' finances when making a lending decision?

Key terms explained

Find out your finance options for all your needs

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Getting the right funding arrangement is essentialThere are many forms of business finance available. Getting the most appropriate type for the business needs of your pharmacy is essential to avoid excessive costs
Your key equipment could be at riskIf you are unable to keep up repayments on a hire purchase or lease agreement, the equipment your practice depends on could be could be at risk.
Long-term financial commitmentsYou may not be able to pull out of a finance arrangement once set up.

Frequently asked questions

Have a question?

Is it worth opening a pharmacy?

The financial rewards of owning your own pharmacy can be amazing, but it's not going to be all smooth sailing. You'll be responsible for hiring and firing, paying off loans, being in charge of stock, and probably working around the clock. But if you're patient, your pharmacy could reap incredibly high rewards. It's worth it, but only if you're aware of the responsibilities. 

How much deposit do I need to buy a pharmacy?

Generally speaking, you'll probably need a 30% deposit to buy a pharmacy, but each lender will have its own deposit criteria. Speak to Rangewell to find out more. 

How can I buy a pharmacy business?

Firstly, you'll need to choose the pharmacy you'd like to buy. Then, our experts at Rangewell can talk you through your requirements and help obtain a better understanding of the market dynamics in your area. We can also advise you on all aspects of the purchasing process. 

Can you get a loan to open a pharmacy?

Yes, Rangewell's experts can help source a loan that works for you and your business needs. If you're keen to own an independent pharmacy, starting one from scratch will be faster and less expensive than buying an existing pharmacy. However, it will require hard work and determination - speak to Rangewell for more information. 

Question Not Answered?

Our finance experts are waiting to answer questions and discuss your finance options. Get in touch with us and we'll be happy to help.

Our service is:


Transparent and independent, treating all lenders equally, finding the best deals.


Every type of finance for every type of business from the entire market - over 300 lenders.


Specialist Finance Experts support you every step of the way.


We make no charge of any kind when we help you find the loan you need.