State Treasurer Clint Zweifel traveled to Lebanon-based Ginger's Hometown Pharmacy yesterday, where he announced his office had awarded an $88,000 low-interest loan to the pharmacy.
Ginger's plans to use the funding - garnered through the Missouri Linked Deposit Program - to purchase a robotic prescription dispenser, according to a news release from the treasurer's office.
“Our goal is to provide the best possible service to our customers and sometimes that means updating technology,” said Ginger Miller, co-owner of Ginger’s Hometown Pharmacy, in the release. “The Missouri Linked Deposit Program provided us the capital we needed to purchase a ScriptPro robotic prescription machine, (which) will help strengthen our bottom line.”
Zweifel's office partnered with Commerce Bank to issue the loan.
In the release, Zweifel noted that company expansions are an indicator of economic progress.
"We have work to do, but the state and the community are moving in the right direction," he said in the release. "We want locally owned companies like Ginger’s Hometown Pharmacy to invest in technology so it can remain competitive, and it is doing that through upgrades that improve customer service."
Ginger's Hometown Pharmacy, 550 N. Jefferson Ave. in Lebanon, has been in operation since 1998; a pharmacy location under a different name had operated at that site since 1988. Ginger's specializes in supplying diabetic shoes and cholesterol, blood sugar and blood pressure testing.
Through the Missouri Linked Deposit Program
- in which borrowers generally save roughly 30 percent on the cost of the loan - Zweifel's office has issued more than $692 million in loans affecting more than 11,250 jobs since January 2009, the release said.