Running or acquiring a pharmacy requires careful planning and often significant financial investment — whether you’re buying premises, funding a refit, or expanding services. A well-prepared finance application not only speeds up the process but also boosts your chances of approval. To help, here’s a practical checklist of the key documents and details every pharmacy owner or buyer should have ready.
1. Personal Information & Identification
- Valid proof of identity (passport or driver’s license)
- Proof of address (recent utility bill, council tax letter, or bank statement)
2. Financial History
- Personal and business bank statements (last 3–6 months)
- Details of any existing loans, leases, or other financial commitments
3. Employment & Income Proof
- Payslips or salary details (if employed)
- Self-employment income records if you already run a pharmacy
- Recent tax returns (SA302s)
- Confirmation of NHS contracts and revenue streams
4. Business Finance (specific to pharmacies)
- Pharmacy accounts for the last 2–3 years
- Cash flow forecasts and business plans
- Valuation of the pharmacy business (if acquiring)
- Outstanding loan schedules or property lease agreements
- FP34 statements – to demonstrate NHS prescription income and reimbursement levels
5. Supporting Documents
- Business plan outlining the purpose of the finance (e.g., acquisition, refit, or expansion)
- Proof of professional registration and ownership eligibility
- Collateral details (if providing security against the loan)
- CV and references to highlight your pharmacy background and experience
Conclusion
For pharmacy finance applications, including FP34s is especially important. They provide lenders with a clear picture of consistent NHS income, reassuring them of your business’s stability. By presenting a thorough, well-organised application, you’ll strengthen your case and move one step closer to achieving your goals.
