Business Loans for Veterinarians

• Quick application with fast approvals for your veterinary business.
• Great working capital solutions for a veterinarian practice.

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The veterinary practice sector is driven by the execution of the expertise of treatment and the services provided. It's not easy to manage your own veterinary practice. There are many moving parts to run an efficient and accountable business so you can deliver excellent service with quality.

Having a proper credit facility for your existing practice is essential to help the veterinary practice function and operate properly. Whether it’s getting the latest equipment to improve the care and overall practice operations process or purchasing supplies in bulk at a discount, practice loans may be necessary to maintain and or build the practice/animal hospital.

Get the Best Veterinary Practice Business Loan

Everyone knows how difficult it can be to deal with lenders, banks like Bank of America, or credit unions to get a bank loan. Bank loans require tons of paperwork, and personal credit standards are high. However, when it comes to financing needs for your veterinary clinic, AdvancePoint Capital can provide working capital to veterinary practice owners using our network of alternative lenders and products. We have a diverse range of loans offering various interest rate options, owner credit score qualifications, loan amounts, and more. Our lending solutions give your veterinary practice the flexibility and freedom necessary to find online lenders that help you with your specific needs.

Whether you're considering practice ownership for the first time, or you're in need of a practice acquisition loan to finance your veterinary practice, we understand the unique challenges you may face. Veterinary practice financing can be a complex endeavor — but we make it easy. Best veterinary business loans should offer the convenience and support needed throughout the process, and that's exactly what you'll find with AdvancePoint Capital.

Regardless of credit scores, credit history, business needs, payment terms, loan size, and more — we’ll be your lending partner to help improve business revenue to enhance business operations all around. Worried about bad credit? We offer bad credit veterinary loans at the best rate possible. When bank financing is not an option, you need a lender you can rely on, and that’s where we can help. We make the approval process a breeze, with quick and easy ways to get your loan approval and cash fast to help out with various business expenses of your existing practice.

Whatever comes next in your business plan, as your business funding marketplace, we have the products you need to grow and expand. AdvancePoint Capital is here to help, especially if you're ready to embark on acquisition opportunities to elevate your practice.

get started today

Get Started Today

AdvancePoint Capital makes the loan application process a simple, straightforward experience.

Business Financing Options for Veterinary Practices

AdvancePoint Capital has over 10 years of experience providing funding to medical practices. Through our lending partner network, we have carved out the 8 most popular options for financing veterinary practices.

Business Line of Credit

Business Lines of Credit for Veterinary

A Business line of credit is a revolving credit line with an affordable interest rate that you only pay interest on the outstanding balance. You can draw money off of a credit line without having to re-apply up to a credit limit.

  • Revolving credit facility
  • Simple interest starting at 1%
  • Draw and pay down on demand up to credit limit
  • Only pay interest on outstanding balance
  • Monthly and weekly payment options
Short-Term Business Loan

Short-Term Small Business Loans

Short-term loans are a great option when traditional bank loans for veterinarians are not an option. Fixed loan amounts, fixed rates, and fixed terms make this product predictable in repayment.

  • Interest rates or factor rates
  • Terms that range from 6 to 36 months
  • Monthly or weekly payment options
  • Less documentation than traditional loans
Long-Term Small Business Loans

Long-Term Small Business Loans

The main reason veterinary businesses consider long-term loans is for large business expansions or engaging in practice acquisitions. Owner financing can also play a role in such acquisitions, providing an alternative means to traditional lending. However, it's crucial for the loan amount requested and the monthly payment to be spread over an extended period, ensuring the payments remain manageable. SBA loans, while a common choice, come with certain limitations that could affect practice acquisitions, potentially influencing the financial strategy for expanding veterinarians.

  • Terms that range from 3 to 10 years
  • Rates starting at prime + 2.25%
  • Monthly and weekly payment options
  • Financials and other documentation required
Business Credit Cards

Business Credit Cards for Veterinarians

Veterinary professionals use credit cards in their arsenal of business financing products as it's a great option for quick purchases and paying off bills and/or expenses.

Equipment Financing

Veterinary Equipment Financing

The cost to purchase equipment for veterinary businesses can be a big burden. Acquiring an equipment loan can defray those costs over time to reduce the financial burden of the business. Veterinary Equipment financing uses the new equipment as collateral so terms can be spread out over years either with equipment leases or equipment loans.

  • Comes in the form of leases and/or loans
  • Terms that range from 2 to 5 years
  • Rates are weather factor rates or interest rates
  • Equipment is used as collateral
  • New or used equipment considered
Merchant Cash Advance

Merchant Cash Advances for Veterinary Practices

Merchant cash advances are advances and not loans. Businesses can receive an advance off of the current revenue of the business and pay it back off of a set percentage of the future credit card processing of the business, making the repayment structure flexible to the ups and downs of future sales revenue.

  • Factor rates starting at 1.18%
  • Estimated repayment terms ranging from 3 to 18 months
  • No fixed term, based on future sales
  • Flexible payment options
Small Business Cash Advance

Business Cash Advance for Veterinary Practices

A business cash advance is an advance off of future receivables of the business that is repaid by the funder taking a set percentage of future sales deposits until paid back in full. This repayment schedule is flexible for future sales. This option is commonly chosen when businesses cannot get approved for traditional business financing products.

  • Factor rates starting at 1.18%
  • Estimated repayment terms ranging from 3 to 18 months
  • No fixed term, based on future sales
  • Convenient ACH payments daily or weekly
  • Reconciliation available monthly based on monthly sales
SBA Loan

SBA Loans for Veterinary Practice

The Small Business Administration is the federal agency that issues the qualifications and guidelines for Small Business Administration loans. SBA guarantees are provided to approved lenders who offer and service the loans. SBA loans are highly desirable due to low-interest rates and favorable loan terms. SBA and conventional loans in general are difficult and reserved for businesses with great credit and can support the financial health of the business with tax returns and other financial statements. Going for a SBA loan is well worth the effort to apply if you qualified.

  • Terms from 5 to 10 years (without real estate)
  • SBA 7(a) working capital up to $350,000 (into the millions w/real estate as collateral)
  • Rates starting at Prime + 2.25%
  • Monthly Payments
Benefits of Veterinary Practice Loans

Benefits of Veterinary Practice Loans

Here is a list of the top 4 benefits of veterinary practice loans and why you should opt for them.

Cash Flow

Managing the cash flow of the veterinary practice can be a problematic aspect of owning a business. Having a credit facility in place like a business credit line or business term loan is essential to take care of any cash flow gaps. Business financing can solve problems in your practice by filling in issues like staff salaries, inventory, medical supplies, and equipment maintenance.

Owning Your Equipment Outright

A veterinary practice needs state of the art medical equipment to service the patients. The medical equipment comes with a significant upfront cost that can prohibit the purchase. An equipment loan or lease can be a great solution to purchase equipment at affordable payments to avoid dipping into the company reserves.

Hire Employees and Manage a Growing Team

Machines may be the foundation, but employees are the lifeblood that makes the practice work. Obtaining quality talent in manufacturing is exceptionally challenging. Financing may be needed to support the employment aspects of the practice. Signing bonuses for new employees, plus continued education, training, or hiring employment agencies, will all be priorities for growing practices. Financing may be the answer you need to grow your team.

Making Payroll

Payroll can be an issue for veterinarians because of clients’ inconsistency in paying invoices in a timely fashion. Hiring new employees that need to be trained on the practice’s processes and other operational growth can also cause payroll issues that affect cash flow.

Pro's & Cons of Business Financing for Veterinarian Businesses

Always carefully consider the benefits and dangers of financing your business before making any decisions and accepting terms.


  • Financing allows businesses to expand and grow
  • Funding solves problems that arise related to capital
  • Avoids depleting capital reserves from the business
  • Builds business credit


  • Debts impacts balance sheet of business
  • Increases monthly expenses with debt payments
  • Can damage credit if delinquency or default
  • Overleverage business which could lead to closure

How to Qualify for Veterinarian Financing

There are many factors that go into how to qualify for business financing. Your qualifications paly a significant role when matching your business with a specific business funding product your applying for. The following are the most important factors that lenders consider.

  • Industry/Business Profile- The industry you are in plays a role in the lenders decision making because different industries perform differently than others based on the data.
  • Time in Business- Experience and history with your current business is another important factor that can disqualify you from certain products. The longer in business the more options to chose from.
  • Personal Credit & Business Credit- Personal credit plays a very important part in determining credit worthiness in the eyes of business lenders. Having good to excellent credit is so vital to approval and options. If you have bad credit, approval will be more challenging but still achievable.
  • Cash Flow- Lenders will analyze your cash flow via your bank statements for revenue, cash flow management and business revenue consistency.
  • Financials- Some business financing options warrant a deeper dive into your financials like tax returns, profit & loss, balance sheet, accounts payable, accounts receivable, invoices and other documents to secure approval.

Requirements and qualifications for approval vary from both lenders and products you are considering.

How to Apply for a Loan for an Veterinarian Business

  1. Research- When you apply for business funding you should first research what products and terms are available in the market place and what lenders you would like to work with that offer the best products, rates and terms for your need. Interview lenders to determine your qualifications and options.
  2. Application- Once you have done your research and have chosen a business loan originator you will need to fill out a business funding application with both business and personal information. The product (s) you chose to apply for will dictate what documents will be required in addition to the application for pre-approval.
  3. Offer(s)- Once you have received the offer(s) in writing via a term sheet and/or disclosures you will want to review the rates, terms and features of your options. Shop and compare offers so you make sure you chose the best product and terms before accepting any offer.
  4. Acceptance- After you have selected your offer you will need to provide closing conditions and sign an agreement. Underwriting will need to clear the closing documentation before you are issued a full approval an clear to close.
  5. Business Funding- Upon final approval funds are usually sent same day to your business bank account.
Types of Veterinary Businesses We Serve

Types of Veterinary Businesses We Serve

We provide business loans for veterinarians to a wide range of veterinary businesses, including:

  • Veterinary Hospitals
  • Animal Hospitals
  • Independent Veterinarians
  • Veterinary Professionals

Our Associations in the Veterinary Industry

With our association in the veterinary industry, we can help not just provide business loans and financing options for veterinary practices but grow your new business. Our veterinary associations include:

  • American Animal Hospital Association - American Animal Hospital Association is created simplify to provide all needs in the journey towards excellence for veterinary practices
  • American Veterinary Medical Association - The AVMA is the nation's leading advocate for the veterinary profession. Representing more than 99,500 members, we protect, promote and advance the needs of all veterinarians and those they serve.