SBA 7(a) VETERINARY PRACTICE FINANCING

Longer Repayment Terms

SBA 7(a) loans provide flexible repayment terms, with up to 10 years for working capital, equipment, and general business needs, and up to 25 years for real estate purchases. Loans with terms under 15 years have no prepayment penalties, while loans exceeding 15 years incur penalties in the first three years: 5% in the first year, 3% in the second, and 1% in the third. After three years, you can repay without penalties, giving you freedom to manage your loan as needed.

Competitive Interest Rates

Take advantage of the competitive interest rates offered by SBA 7(a) loans to reduce your financing costs and maximize your profitability. The government partially guarantees these loans, reducing our risk and allowing us to offer you better interest rates.

Lower Down Payments

The government guaranty also enables small business owners to secure financing with lower down payments compared to traditional business loans, typically up to 20% of the total project cost but in some cases as low as 0%.

Flexible Use of Funds

The SBA 7(a) loan program is widely regarded as a top choice for small businesses due to its unmatched flexibility. Unlike many traditional loans that impose strict limitations, 7(a) loans empower businesses to meet a variety of financial needs, making them versatile for nearly any business purpose or stage of growth.

Buy a Veterinary Practice

Acquiring an established veterinary practice with an SBA 7(a) loan allows you to take over a clinic with existing clientele and a proven track record. With flexible loan terms and manageable down payments, you can secure ownership while preserving capital for operational needs and future growth.

Veterinary Equipment Financing

Upgrading or purchasing new veterinary equipment is essential for providing high-quality care and expanding your service offerings. An SBA 7(a) loan offers affordable financing for diagnostic tools, surgical equipment, and advanced technology, ensuring your clinic stays up to date.

Refinance High-Interest Debt

Refinancing high-interest business debt with an SBA 7(a) loan can help reduce monthly payments and improve financial flexibility. By securing better loan terms, you can free up cash flow to invest in staff, equipment, and enhanced patient care.

Purchase Real Estate

Owning your clinic’s property provides long-term stability, eliminates rent expenses, and builds equity in your business. An SBA 7(a) loan offers financing for purchasing or renovating a facility, giving you control over your location and future growth.

Start a Veterinary Practice

Launching a new veterinary practice is an exciting opportunity to build your client base and establish a trusted name in pet care. An SBA 7(a) loan provides financing for leasehold improvements, medical equipment, marketing, and working capital, giving you the resources needed to open and grow your clinic successfully.