Success Story…Bethel Pharmacy

Business Description: Compounding Pharmacy

Problem Identification: The client requested assistance from SBDC to assist with the completion of the business plan. Client’s passion was to provide better education and medication management for the inner city residents and income challenged senior citizens. Client was applying for funding from Tulsa Economic Development Center. They needed the funds for site build out, prescription inventory, and working capital.

Assistance Provided: The SBDC advisor assisted client with the business plan, including all of the financials.

Results Achieved: The client was successful in obtaining a low interest loan from Tulsa Economic Development Center in the amount of $312,000. The client also received additional financing from the drug manufacturer in the amount of $50,000 and invested personal funds in the amount of $15,000. The business created three full time jobs.