Pharmacy Financing Program

Suez Canal Bank created a special financing program for pharmacies, one of the country's key sectors that impacts people's health daily. The program helps pharmacies boost their revenues, grow their profits, and achieve their expansion aspirations.

Suez Canal Bank offers easy to obtain commercial and Islamic financing to support the pharmacies' operational needs, including stock, equipment, and information systems.

Benefits:

Borrow up to EGP 2,000,000

Borrow up to 30% worth of last year sales

Terms up to 4 years

Newly established pharmacies are eligible

Current accounts with multiple benefits

Competitive interest rates

Quick and simple procedures

Conditions and Documents:

Egyptians aged at least 25 years and should be under 65 years at the loan maturity.

Pharmacy location is owned or leased for the complete loan tenure.

Valid license to open private pharmacy.

The pharmacist should be running the project full-time and should submit a resume.

Full-time project management.

Completed or exempted military service.

Copy of the national ID card, pharmacist syndicate membership card, recent commercial registration, and copy of a valid tax card.

A recent utility receipt of the pharmacy, the annual financial statements and the auditor's report (or a sales and costs statement).

A recent purchasing volume from pharmaceutical companies or distributors.

A quote for the assets to be funded (in case of financing devices).

Signed financing application.