Tealford Business Capital in Houma, Louisiana helps Terrebonne Parish, Louisiana pharmacies request funding. The parish counted 35 health and personal care stores in 2023, the group that includes pharmacies and drug stores. This page covers pharmacy loans, pharmacist loans, buying a pharmacy, pharmacy working capital, independent pharmacy funding and the records partners read.
At a glance
- Health and personal care stores, Terrebonne Parish, LA
35 (County Business Patterns 2023)
- Employees in that group
415 (County Business Patterns 2023)
- Health and personal care sellers without payroll
74 (Nonemployer Statistics 2024)
Pharmacy Loans in Terrebonne Parish, LA: What the Census Counts
County Business Patterns counted 35 health and personal care stores in Terrebonne Parish, LA in 2023, with 415 employees and $15 million in payroll, about $36,089 per employee (our arithmetic); 37.1% had fewer than five employees (County Business Patterns 2023). That group includes pharmacies and drug stores along with cosmetics, optical goods and other health stores; the Census files used here do not publish a separate pharmacy count for the parish.
Nonemployer Statistics counted 74 health and personal care sellers without payroll in 2024 (Nonemployer Statistics 2024). ZIP 70360 held 16 health and personal care stores in the ZIP count (ZIP Code Business Patterns 2023).
Pharmacist Loans: Comparing Purchase Offers
- Rate, term and total cost over the full schedule.
- How the inventory in the purchase is valued and funded.
- Whether the lien covers prescription files and all business assets.
- Personal guarantee and life insurance requirements.
- Prepayment terms if the pharmacy is sold or refinanced.
Pharmacists buying a store can face offers from banks, health care specialty funders and seller financing. Total dollars over the term is the fair basis for comparison.
Loan to Buy a Pharmacy in Houma, LA: A Purchase in Numbers
Illustration only, invented figures: a pharmacist agrees to buy an independent Houma, LA pharmacy for $520,000, including $140,000 of inventory at the seller's count. The buyer brings $78,000 and finances the rest over 120 months at an invented 10.2% annual rate. Our arithmetic puts the payment at roughly $5,890 a month.
Partners read the seller's returns, prescription volume, payer mix and the lease. The inventory count at closing matters because the price moves with it.
Pharmacy Business Loan Steps, From Letter of Intent to Funding
- Sign a letter of intent covering price, inventory and the closing date.
- Get the seller's returns, dispensing reports and a current inventory count.
- Confirm licensing and permits with the state board before closing.
- Send the request with the purchase price as the amount.
- Compare offers and coordinate the closing date with the inventory count.
Pharmacy Working Capital Between Claims and Supplier Bills
A pharmacy pays its wholesaler on short terms while insurers and benefit managers reimburse claims later. Illustration only, invented figures: a pharmacy with $165,000 a month in third-party claims and an average wait of three weeks carries about $114,000 outstanding at any time (our arithmetic: $165,000 x 12 / 52 x 3). A line of credit sized from receivables covers that timing.
A one-time need, such as stocking a new specialty line, fits a short working capital loan instead.
Independent Pharmacy Funding for Automation and Fixtures
Illustration only, invented figures: $62,000 of dispensing automation and new fixtures financed over 60 months at an invented 9.6% annual rate costs about $1,305 a month (our arithmetic). Equipment funders read the device and the pharmacy's deposits.
Front-store fixtures and a drive-through window can be part of a remodel funded with a term loan.
Pharmacy Inventory: Why Funders Read It Carefully
Prescription inventory turns over and is valued at cost, which helps it support funding, but some items cannot be returned or resold freely. Funders can advance against front-store and prescription stock at different rates. Inventory financing explains advance rates and reporting.
Buying Into a Pharmacy Partnership or Adding a Second Location
A pharmacist can buy a share of an existing pharmacy rather than the whole store, or an owner can open a second location. A buy-in is read on the pharmacy's records and the buying pharmacist's income history, and the partnership agreement sets how profits and debts are shared. A second location adds a lease, fixtures, opening inventory and staff before the new store's prescriptions fill, so partners read whether the first store's cash flow can carry the added payments while the second builds.
Splitting the request helps: fixtures and automation can carry equipment financing, opening inventory can carry inventory financing, and a term loan can cover the rest. Listing each piece with its own quote gives a partner a clearer picture than a single round figure.
Pharmacy Funding Requests: Records to Gather
- Business tax returns and year-to-date financial statements.
- Dispensing and payer-mix reports.
- Receivables from third-party payers.
- Wholesaler statements and the inventory count.
- The store lease and any purchase agreement.
Term loans, the retail page and the Houma, LA page cover the rest.
By Tealford Business Capital · Updated