Our Loan Officer knew exactly how to meet our needs. We were approved for our loan in 24 hours. This short term loan allowed us to grow and we’re launching new products.
Your best option for Veterinarian Business Capital Loans might be through a bank. Banks and SBA lenders interest rates tend to be slightly lower than alternative lending. Even if you are told that you are a good candidate for a small business loan. Banks typically require extensive credit and financial documentation, and their approval processes are lengthy. Veterinarians are in a low risk category with SBA lenders, unfortunately many applications are denied due to lack of documentation, low credit or no collateral.
Veterinarian Business Capital Loans help you get the capital you need for your practice to grow. Providing care for small animals with most of the patients being dogs and cats. Good veterinarians understand the wants and needs of their clients. The majority of pet owners today feel that their pets are important members of their family. According to the United States Department of Labor statics for Veterinarians are projected to grow 9 percent to 2024, faster than the average for all occupations. National reports show that 25% of households include at least one cat and 32% include at least one dog – and 46% have a cat or dog. Pet ownership in the United States is increasing by more than 1 million each year.
Our application process is different from other banks or lenders. We focus on the actual business performance that can be reviewed with a few months of bank statements. This allows us to be flexible on credit history checks and avoid the unlimited documents connected to your approval. We offer funding from $5000 to $250,000. The actual rate and term is dependent on the performance of the business. The amount capital that can be borrowed is dependent on the monthly deposits. There is very little paperwork involved this is the main reason why the application process is so quick. There is not a single bank in the country that can approach the efficiency and speed of what an alternative lender can do for you.