Veterinary Practices Loans & Financing
As humans, having a pet brings us great joy, and we will go above and beyond to make sure that our furry little best friend receives the loving that he or she deserves. This is why having a knowledgeable and loving veterinarian in our lives is so important – they care about the well-being of our pet just as much as we do.
In today’s world, we treat our pets as if they’re our children. We spoil them with toys, treats, and even pet spas – so of course, we’re going to turn to only the most knowledgeable veterinarian when our pet is in need.
With Americans pampering their pets now more than ever, the pet industry is a great one to be in – especially if you’re a veterinarian. Being a veterinarian is undoubtedly a rewarding career, but running your own business can be stressful and expensive – notably more when first getting started. Finding a reliable source of funding can be exhausting, especially when you would rather be tending to your adorable patients.
Between comparing loan interest rates and sorting through available lenders, sometimes all you want is someone to point you in the direction of the loan or financing option that’s right for you.
And, what’s what Fast Capital 360 is here for – to make the small business funding process easy and hassle-free. We provide flexible business financing options to veterinarians an pet stores all over the nation, and take pride in providing our consumers with a transparent application process.
Veterinarian Funding When You Need It
Looking at its anticipated job growth, the veterinary field is an excellent industry to work in. The U.S. Bureau of Labor Statistics reports that the employment of veterinarians is projected to grow 19% over the 10-year period between 2016 to 2026. While this is promising for hopeful veterinarians-to-be, it’s the high cost of schooling that is stressful for veterinary school graduates.
In fact, the American Veterinary Medical Foundation reported that the average educational debt for a 2016 veterinary school graduate was $143,757.82 – and that’s even including those students that were fortunate enough not to have any debt. And, of all those 2016 graduates, 20% had at least $200k in debt. So, for those veterinarians looking to fulfill their dream of owning a veterinary practice, they’re going to need a reliable source of funding to help get their business started.
A small business loan can open doors or solve many problems for a newer veterinarian practice. A veterinarian can use that funding in many different ways to help their business grow, including:
- Business equipment financing to keep up with the latest industry techniques
- Hiring more veterinary staff members as business picks up
- Funding payroll to ensure your staff is promptly compensated
- Inventory financing to keep your merchandise stocked at all times
- Marketing or advertising the veterinary practice to prospective clients
No matter what you plan on using your veterinarian loan for, the decision should be up to you. And, you should have access to your funding as soon as you need it.
Why Choose Fast Capital 360 For Veterinarian Funding?
Fast Capital 360 offers loan alternatives to veterinarians all over the nation to help their practices grow. Unlike a small business loan administered through a traditional bank, we provide financing options that are quick, hassle-free, and easy to understand.
We make it simple to qualify for one of our veterinarian loan alternatives. All we ask is that you have been in business for at least six months, earn at least $120,000 in annual revenue, and have a FICO credit score of at least 520. We will work hard to find the small business funding solution that’s right for you, even if it’s not with us. After all the time you dedicate to taking care of everyone’s cherished pets, the least we can do is assist you with your small business financing.
If you are ready to explore our veterinarian loan alternatives, give us a call today at (800) 735-6107 to speak to one of our knowledgeable Business Advisors. Or, fill out our simple online application to get started right away.