Pharmaceuticals and Healthcare (SIC 46460)

Thrive in the pharmaceutical space with flexible trade finance solutions to import medicines internationally

Trade Finance Global / Finance Products / Pharmaceuticals and Healthcare (SIC 46460)

What is Finance for Pharmaceuticals and Healthcare?

We offer flexible pharmaceutical chemicals and healthcare finance for the purchase of medicines and equipment. Purchases such as these could negatively impact on your cash flow.  However, by working with us to structure finance options you could benefit from a cash injection into your business to assist in boosting your cash flow and reduce your operating costs.

Pharmaceuticals and Healthcare Finance

Types of Pharmaceuticals

Key pharmaceuticals include:

  • Humira
  • Lantus
  • Lyrica
  • Spirivia
  • Januvia
  • Celebrex
  • Plavix
  • Aranesp
  • Botox
  • Epogen
Types of Healthcare

Key healthcare finance includes:

  • Specialist equipment
  • Chemicals
  • Hygiene supplies
  • Bedding and laundry for hospitals
  • Electronic healthcare devices
  • Testing kits
Trade Finance Requirements
  •  Your business is looking for £50k+ trade finance
  •  You want to import or export stock and have suppliers/ buyers
  •  Your business is creditworthy
How the transaction works

When a business wants to trade internationally, the exporter would typically want to be paid up front by the importer. The bank would issue a Letter of Credit, which guarantees this payment to the exporter upon receipt of documentary proof that the goods have been shipped. This is then repaid once the importer has paid for the goods, which could be anything between 30-180 days later.

What is the SIC Code for Pharmaceuticals and Healthcare Finance?

The SIC Code is 46460 (Wholesale of pharmaceutical goods)

Other SIC Codes that could also be used are:

  • 01280  Growing of spices, aromatic, drug and pharmaceutical crops
  • 21100  Manufacture of basic pharmaceutical products
  • 21200  Manufacture of pharmaceutical preparations

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Case Study

Pharmaceutical Distribution Company, Gloucestershire

A growing pharmaceutical distribution company that focused on pharmacy chains in the north of England was increasing sales to look at more retailers. The client needed financing in order to fund this expansion and turned to trade finance in order to do so. Access to funding has allowed the company to expand and reach new markets.

It’s important to note that throughout the healthcare industry, especially the growing pharmaceutical world, there are many suppliers that are the source of the power that supply all of the energy to distribution companies alike. When companies like the one above needed financing, this allowed the company to continue that expansion. However, without such important factors in our healthcare sector, the smaller parts that help everything flow, operational duties would not perform as best as possible if it wasn’t for such important distribution elements.

For Healthcare companies operating within the UK, many should look to making sure their operational equipment and production tools are processing power as expected. From the types of pharmaceuticals available and to how the full financing transaction works, Trade Finance Global will ensure the structure of your finance and the options available are thoroughly conversed. Your full business and the way it runs can help you consider all elements of financial planning and we are offering excellent assistance in this area.

Speak to our trade finance team


  •  No security or personal guarantee required
  • Pharmaceuticals finance available even if the banks refuse finance
  •  Our partners find you solutions to increase trade
  •  Fast turnaround – get pharmaceuticals finance in 24 hours

What is Trade Finance?

About the Author

Nikhil Patel is a journalist at Trade Finance Global, covering commodity finance markets, trade technology, and cash / treasury management.

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