Live Oak Bank debuts pharmacy equipment finance solution

WILMINGTON, N.C. – Live Oak Bancshares is now offering pharmacies an equipment finance solution that maximizes return on investment. With Live Oak Bank equipment leasing, pharmacies can acquire the equipment they need to successfully run their business while matching lease payments with their budget, cash flow and anticipated additional revenue.



“We work with pharmacy owners every day and we know the sticker shock that often accompanies new equipment purchases,” stated Jimmy Neil, general manager of pharmacy lending at Live Oak Bank. “We developed this product to alleviate that stress through a simple, cost-effective solution.”



Capital finance leases for pharmacies require no money down, offer predictable payments and a $1 buyout at the end of the lease term. Customers can also benefit from bundling the cost of equipment, installation, maintenance and more into a single, easy-to-manage solution.



This solution is a natural extension of Live Oak’s ongoing partnership with pharmacies. The bank has deep roots and extensive expertise in the pharmacy industry, lending close to $750 million to the industry since 2010.



“Simply put, this solution helps pharmacies compete in an increasingly crowded marketplace by maximizing ROI,” added Scott Preiser, general manager of equipment leasing at Live Oak Bank.