VETERINARIAN LOANS

veterinarian loans If you a shopping for veterinarian loans for your veterinary clinic, you are organized, have excellent credit, business financial documents, and able to present collateral. SBA loans through banks can have lower interest rates.  What traditional lenders don’t tell you, application form takes more than 40 hours to complete. Having to wait almost a month, if you are approved waiting up to three months before you receive funding. United States Treasury Department reports, rejection rates on SBA loans have been roughly above 80% over the past several years. Click to learn more about Alternative Financing Advantages.

If you have any issues and can’t qualify for traditional bank financing, we have less requirements, faster approvals, and without risking your personal assets. Our application process is different from traditional banks or SBA lenders. We focus on the cash flow, which can be reviewed with a few months of business bank statements. We do not require a business plan or purpose for the funds to be deposit directly into your account. It is completely up to the owner how to utilize the money. Rates and terms are based on the performance of the business, the type of industry. Contrary to bank loans, which are amortized for 3 to 10 years. Our loans are structured with fixed micro payments with payback short terms.  Terms typically range from 2 to 18 months.  Our minimum requirements are your business is at least 6 months old and be able to show gross monthly sales of at least $7,500.

Click below to see different industries, business strategies, and how to get started.

Veterinarian Industry

The United States Bureau of Labor Statistics reports the veterinary field is one of the fastest growing professions in America today. According to a 2017-2018 National Pet Owners Survey, about 68% of U.S. households own a pet. Animal clinics and hospitals treat injuries and diseases, although most revenue is from animal health procedures like neutering and spaying, vaccinations and checkups. This is an increase in people considering pet companions

 

veterinarian loans

Veterinarian Marketing

veterinarian loans

Veterinary practices to offer more services to stay ahead of the competition. Effective veterinarian marketing and advertising, is essential for attracting and acquiring new pet owners. Veterinarian loans can be used for creating a website, with animal education and pet wellness programs. Another marketing strategies could be creating brochures, calendars, magnets, and other customized products. That promote the business name and strengthen your reputation as a trusted veterinary professional.

 

Business Cash Advance

A business cash advance based on revenue, is sometimes the only alternative for veterinary offices to solve cash flow problems. Showing business statements with positive balances at the end of month, and regular transactions. Can result quick offers, and more favorable terms. Contrary to showing negative balances and overdrafts.  Approvals can be as soon as 24 hours, with funding within three days.  Rates and terms are dependent in the industry type, and the performance of the business. The lending amount is dependent on the monthly deposits. Shorter loans can have lower fees, with higher payments.  Longer terms call result in higher fees, with lower payments.

 

veterinarian loans

Loans for Bad Credit

veterinarian loans

Business funding for veterinary offices with an alternative lender, provides veterinarian loans for bad credit. Conventional lenders require a credit score above 680. According to a report published by Credit donkey, credit score statics across the country for Millennials age 22 to 35 years is 634.  Generation X adults ages 35 to 51 came in at 655. It also shows roughly 45 million adults don’t have any credit scores.  US Treasury Department reports denial rates have been roughly above 80% over the past several years with SBA lending.

The truth is most businesses owners can’t qualify for a small business loan through a bank. To learn more about credit, follow link WHAT IS CREDIT. If there are major credit issues, please understand credit reports come in all forms, shapes and sizes. We will discuss ways steps to improve your report yourself and help you with organization. Call us today to discuss your options.

Click below to see different industries, business strategies, and how to get started.