What is Veterinaryloans.com?
A new way to help borrowers and lenders find each other. Our specialized matching software system lets borrowers find lenders that match each others lending needs and gives borrowers the ability to send a professional loan package which seamlessly connects with lenders 24 hours a day, 7 days a week. No banker hours for veterinaryloans.com!
How much does it cost to use Veterinaryloans.com matching services?
Nothing, nada, zip. That's right the initial loan matching service is FREE to both you and the lender. Neither one of you pays anything to use the matching service software system. Lenders are required to pay a network access fee ONLY if they successfully help you close a loan!
Is Veterinaryloans.com a lender and/or loan broker?
No. Veterinaryloans.com is neither a broker nor a lender. Veterinaryloans.com is not licensed to make or buy loans. Veterinaryloans.com is a commercial financing marketplace matching service used by lenders and borrowers to achieve an efficient direct connection. It simply provides a unique and vibrant matching service helping veterinarians and lenders find one another and communicate efficiently.
How 'Green' is Veterinaryloans.com?
One of the goals of Veterinaryloans.com is to reduce the wastefulness of hundreds if not thousands of paper documents that are repeatedly exchanged between borrowers and lenders everyday. A reductions in staff, materials and office space compared to traditional loan offices further reduces utilities and waste. We recycle and work diligently to reduce our carbon footprint.
I already know a lender or two, should I still use Veterinaryloans.com?
Do you know all of the available lenders? What if a lender has a program that actually fits your situation better, costs less and is willing to close quickly but you simply don't know which one? That's how veterinaryloans.com helps you shop smartly. And, your lender is likely a member already.
Will I get a chance to work with lenders that specialize in the veterinary industry?
Yes! In fact our software system first searches veterinary specialty lenders each and every time before searching hundreds of other sources. Although a veterinary specialty lender is commonly a great choice, sometimes lenders of equal quality will be able to offer exactly what you need, when you need it, and at terrific rates.
Is it FASTER?
By using veterinaryloans.com you can fill out a single form once and let the website do the work for you. Its significantly faster than searching websites, filling out numerous different forms or making lots of phone calls. Yes, its definitely faster.
At what point is the borrower committed to obtaining a loan?
The borrower is not committed until he/she signs a loan commitment letter with the lender. If the terms and rates do not fit the needs of the borrower, the borrower is not required to close with any of the lenders. You stay in complete control.
How do borrowers know that the lenders will honor the rate and terms offered in their proposals?
Veterinaryloans.com consistently attempts to screen qualified lenders before they are accepted. The lender agrees not to re-trade the customer if everything described in the borrower's live submission form is accurate. Of course, if the information submitted by the borrower is stale, false or misleading, then the lender has the right to re-negotiate the deal or not to participate. Veterinaryloans.com reserves the right to terminate a lender's access to the system at anytime and will remove dishonest or deceptive lenders as soon as reasonably possible.
Will borrowers receive telephone calls, email or snail mail from soliciting lenders?
Commonly. Once you register, matched lenders will be provided your contact info.
How does the loan closing take place?
The lender and borrower arrange closing procedures directly, without Veterinaryloans.com involvement. It is advisable to use the services of specialized professionals, such as attorneys, appraisers and accounting firms, escrow and title companies. If you need references for these professional services, Veterinaryloans.com can provide trustworthy and reputable firms.
How does Veterinaryloans.com get paid?
Once a lender successfully completes a loan with a borrower, the lender pays a network access fee to Veterinaryloans.com for the privilege of using our system. The initial cost to the lender to participate in the matching program is FREE, so lenders don't pay unless they are successful. Borrowers never pay a fee. It's a win-win that borrowers, Veterinaryloans.com and lenders enjoy.
How does the borrower know the lender is capable of funding the loan?
When the lender applies to submit proposals on Veterinaryloans.com, the lending firm defines its loan criteria. The lender specifies what types of loans it will make in terms of size, sector of business, and category. Then Veterinaryloans.com automatically matches only those borrowers that fit these lending criteria. Also, Veterinaryloans.com uses a stringent process to review and approve lenders, and only those licensed lenders with proven performance records in the loan category are accepted. Further, when you receive a proposal the terms, conditions and requirements should be clearly stated from the lender. If you are unsure ask.
Can lenders see if a current customer is shopping for a new loan?
No, not usually since the information provided to lenders for the initial proposal process does not disclose which lender(s) the borrower may be working with.
How long has Veterinaryloans.com been doing business?
Veterinaryloans.com is a combined service unit that provides access to specialized loans and banking services. Key management has lending experience in the veterinary industry spanning more than 10 years, and the company maintains an advisory board consisting of recognized experts in the lending and veterinary industry.