Metro Bank supports Essex pharmacy growth with £900k financing
An Essex pharmacy has agreed a £900,000 deal with Metro Bank to support its growth.
The deal will allow Maylands Pharmacy in Hornchurch to grow and secure a second outlet in the area. Metro Bank’s support will ensure it continues to provide essential community and NHS services such as prescription services, blood pressure monitoring and screening for conditions like Type 2 Diabetes.
Mark Davies, director of commercial banking at Metro Bank comments: “Pharmacies play such an important role in local communities, providing essential NHS services and helping to alleviate pressure on GP surgeries. Metro Bank is committed to supporting small businesses of all kinds, I’m happy to see this deal complete and proud that these essential services will be protected.”
Sandeep Parimi, director at Maylands Pharmacy added: “Metro Bank really understood the complexities and challenges facing community pharmacies today and I’m really excited to see our ambitions to grow become reality.”
FTA Finance acted as the broker for this transaction.
James Yates, Healthcare business development manager at FTA Finance commented: “It’s been a pleasure supporting Maylands Pharmacy on this journey and we are pleased to have been able to work with Metro Bank on this transaction. A great example of how tailored financial solutions can empower local businesses to grow and thrive. At FTA Finance we understand the pressures facing community pharmacies and are proud to play a part in helping them grow and continue delivering vital services to their patients.”