Unichem has launched a new pharmacy finance scheme which replaces and enhances its existing loan guarantee scheme.
"Not only does it guarantee to make the application and drawing of loans as simple and straightforward as possible, but we have negotiated a number of excellent banking packages with Natwest," Mr John Jaquiss (controller, Unichem Commercial support) told The Journal on September 3.
The new scheme supports up to 80 per cent of the cost of buying, developing, relocating, fitting out, refinancing and freehold purchase of a pharmacy business. Interest is charged at 1.25 per cent over the inter-bank rate, with a 0.25 per cent six-monthly rebate from Unichem if the scheme's terms are observed.
Loans can be for up to 10 years, subject to a 1 per cent fee payable to Unichem, but capped at £1,000.
Holders of loans under Unichem's previous loan guarantee scheme can transfer to the new scheme.