Business funding for veterinary clinics
Vet clinics carry some of the priciest equipment in small business, from digital X-ray to surgical suites, and revenue is a mix of card-paid visits and larger accounts that settle on terms. That split means both equipment financing and card-based products can fit, depending on what the money is for.
- One application, several lenders
- No credit pull to see your options
- No fee to you, ever
Common funding needs
- Digital imaging, dental or surgical equipment
- Building out or expanding a clinic
- Working capital for payroll and supplies between busy weeks
- Buying into or acquiring a practice
What usually fits
Products that usually fit
- Equipment financing for imaging and surgical equipment.
- Term loan for build-outs and expansion.
- Line of credit for payroll and supply costs between busy stretches.
- Merchant cash advance for an urgent need, sized to what card volume can carry.
How a merchant cash advance works for you, and when it is too expensive
Where a vet clinic takes most of its payment by card at the visit, an MCA is repaid as a fixed percentage of those daily card sales, so a quiet week means a smaller debit and a busy week means a bigger one. The factor rate, typically 1.15 to 1.45, sets the total cost up front and does not shrink if you pay it off early. It works against a clinic that stacks a second advance on an existing one, since two daily debits then come out of the same card batch. Compare the total dollar payback with a line of credit or equipment financing before signing, especially for anything that is really a long-lived equipment purchase.
Compare term loans, lines of credit, cash advances and equipment financing side by side →
Separately, our sister company CELER Merchants offers card processing.
Illustrative example
A worked example
A clinic finances $90,000 of digital imaging equipment over 5 years at an illustrative 7-15% a year. Payments run about $1,782–$2,141 a month, or $106,926–$128,466 total.
The same $90,000 as a cash advance at an illustrative factor of 1.20-1.35 means paying back $108,000-$121,500, which is why equipment this expensive is usually financed as equipment, not as an advance.
Illustrative example only, not an offer or a quote. Rates, fees and terms are set by each lender and depend on your business. Fees are not included unless stated.
Underwriting
What lenders look at
- Monthly card and account deposits
- Ownership structure and proof of licence to practise
- Existing equipment payments
- Time in practice and at the current location
- Owner credit
Honestly
Who this is not for
- A clinic that just opened with no deposit history
- Financing large equipment on a cash advance when equipment financing is cheaper for the same purchase
- Personal or client-pet financing: we only refer business financing for the clinic
If borrowing does not make sense, we will say so.
Are you a match?
Lender network minimums
Close but not quite there? Apply anyway and we will tell you honestly what is possible.
*Best available terms from lenders in our network. Every lender sets its own criteria; approval, amount and funding time are decided by the lender and not guaranteed.
| Time in business | 1 year+ |
|---|---|
| Monthly bank deposits | $20,000+ |
| Credit score | 500+ |
| Bank account | Business |
| Fee to you | $0 |
| Credit pull to start | None |
FAQ
Veterinary clinics funding questions
Can a new veterinary clinic get equipment financing?
Sometimes, often with a down payment. Government-backed loans can also help with equipment and leasehold improvements for newer practices.
Is a cash advance a good fit for big imaging equipment?
Usually not. Equipment financing is typically cheaper for equipment that holds value over years. We will show you both so you can compare.
Do you arrange financing for pet owners?
No, only business financing for the clinic itself.
What do lenders look at for a vet clinic?
Deposits, licence status, time in practice, existing equipment debt and owner credit.
Guides
Guides for veterinary clinics
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Where we work: all US states · all Canadian provinces
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