veterinary doctor checking x-rays


We have several lenders that offer competitive rates for veterinary practice loans to purchase new equipment, improve your facility, or buyout a partner. We also offer commercial real estate loans if you are looking to purchase a new facility. In general, you may use the income generated from your veterinary practice or the new equipment as collateral, however, some lenders may also require a good credit rating, a debt service coverage ratio (DSCR) of 1.25x or higher, and proof of profitability for 2 out of the last 3 years.

What do lenders look for?

To get approved for a veterinary practice loan, lenders may want bank statements, personal tax returns, business tax returns, business registration documents, and proof of profitability for 2 out of the last 3 years of business, and a DSCR of 1.25x or higher. Your DSCR can be calculated by dividing your Net Operating Income by your Debt Services.

Borrower loan tips:

● Be sure to have proof of profitability for at least 2 years

● Prepare a detailed business plan to show the lender and include how you will use the loan to increase profitability

● Check your monthly payments with our Business Loan calculator.