Veterinarian Funding

Employment for veterinarians is expected to increase 17% from 2020 till 2030. Nurture and grow your practice while providing the best possible care with up to $500,000 in funding from Greenbox Capital® in as little as 24 hours.

Fast, Easy Veterinarian Funding

The veterinary field is one of the fastest growing industries in the United States thanks to the growth of the pet population, increased use of pet insurance, and rising awareness for animal welfare.

Whether you treat housepets and other small animals or large animals and livestock, pet owners and farmers expect first-rate veterinary care, including services ranging from pet grooming and boarding to routine examinations and both surgical and non-surgical treatments. Sometimes, your veterinary practice needs an infusion of funds to keep up with these demands and continue to provide the highest level of care.

You may be able to get the loan you need from a traditional lender, but the process can take months, requires extensive paperwork, and there’s no guarantee of approval. As an alternative lender, Greenbox Capital can approve more veterinarian loans than traditional lenders, often with funds deposited in as little as one business day. We fund all veterinary specialties, including species-specialized veterinarians, emergency and critical care, internal medicine veterinarians, companion and lab animal medicine, veterinary surgeons, wildlife veterinarians, and more.

Veterinary Practice Funding Rates

Veterinary practice funding rates depend on the type of alternative small business funding you receive. Most alternative veterinarian funding options use a factor rate instead of a traditional interest rate. Factor rates are simple decimal figures that show how much “extra” you will owe on the original amount of the loan. Your factor rate is determined based on your risk assessment, so the stronger your business’s financial history, the lower your rate should be.

Veterinary Practice Funding Solutions

Our friendly, expert Funding Advisors will work with you to determine which funding option will help you achieve your goals without compromising your veterinary practice’s cash flow.

Merchant Cash Advance

You get working capital when you need it. We’ll receive a percentage of your daily or weekly credit card sales until the advance is repaid.

Invoice Factoring

Sell us your pending invoices in exchange for the net amount in cash. You’ll receive the balance of the invoices’ value when we receive payment (minus our fee).

Collateral Loan

A secured loan that uses commercial real estate to reduce risk. Because the loan is secured, you may be approved for larger loan amounts with lower rates and fees.

Business Line of Credit

Borrow as much or as little as you need without the obligation of a fixed term loan. Draw and repay as you go, and only ever pay interest on the amount you've borrowed.

How To Use Veterinarian Funding

There are no restrictions on how you can use veterinarian funding from Greenbox Capital. Veterinary practice funding is typically best used for supporting growth initiatives that will increase revenue, such as:

Purchasing medical supplies or inventory
Upgrading or purchasing new equipment
Adding new services, such as grooming or boarding services
Investing in additional training to maintain high standards of care
Expanding to or opening another location
Offering educational seminars for pet owners
Boosting marketing and promotional efforts

Your practice may also need a quick infusion of working capital to help overcome the unique challenges of running a veterinary practice, such as:

Increasing competition from other veterinary practices, especially for small animals and housepets
Keeping up with industry standards and maintaining compliance with regulatory organizations
High cost of specialized veterinary equipment
Completing regular training and certifications or continuing education to stay on the cutting edge
Decreased demand for livestock veterinary services

How Veterinarian Funding Works

1

Apply

Gather 3 months of bank statements and other records. For faster approval, grant us secure access to your bank account’s transactional data.
2

Choose Funding

A Funding Advisor will reach out to you within 1 hour (during regular business hours) to complete your application & discuss your funding options.
3

Get Funded

Once you and your Funding Advisor determine what funding option works for your business, your funds can be approved and deposited within 24 hours.
4

Set Repayment

Payments will be automatically deducted from your business’s daily or weekly debit and credit card sales. Payment amounts will be based on your sales.

Will You Qualify for Veterinarian Funding?

Exact qualification requirements depend on the type of veterinarian funding you are seeking. Approval for veterinary practice funding from Greenbox Capital isn’t based solely on your credit score or financial history. Instead, we focus on the overall health of your practice, including:

Business revenue
Cash flow
Vendor payment history
Years in business
Public records

Veterinary Practice Funding Q&A

I am expanding my veterinary practice by adding a new location. What type of veterinarian funding is best to achieve this goal?

Several types of funding can be used to expand your practice, including merchant cash advances and collateral loans. Contact one of our knowledgeable Funding Advisors to select the right funding option for you.

How do I get funding for a veterinary practice?

You can get funding for a veterinary practice from traditional lenders like the SBA or a bank, as well as from alternative lenders like Greenbox Capital. Alternative lenders have more flexible approval requirements that consider the overall health and potential of your business. Contact one of our Funding Advisors to learn more.

Why should I consider an alternative lender for my veterinarian funding?

Traditional lenders can take weeks or months to review and approve your loan application, and most applicants are rejected. As an alternative lender, we have different approval requirements, and can approve funding for “high risk” industries. We can provide you with the funds you need to cover project expenses, operating costs, supplies, and more, often in less than 24 hours.

I accrued a lot of student debt during veterinary school. Should I use a small business loan to pay off my school loans?

We always recommend using alternative funding to grow your veterinarian practice. Please speak with a Funding Advisor to discuss the best ways to use your loan and learn more about what funding options can help support your objectives.

What do I need to do to qualify for a small business loan?

We have a very simple application process, with same day funding available. To get started, fill out our one-page application form or speak with a Funding Advisor.