New Lending Options!

It has been problematic for veterinarians to get loan approval on two types of loan requests 1) no/lo practices (low profit practices) and 2) buy-in’s.  The first because the earnings/profit is low and therefore it is difficult to have enough cashflow to make loan payments.  The latter because sellers are resistent to pledge the entire practice as security for the buyer’s loan when the buyer is only buying a portion of the practice (buy-in).  There are new loan products being announced next week that will provide funding options for both.  This is very good news for buyers interested in solid, but low profit practices and for newly forming partnerships where the seller would like some cash, but doesn’t want to pledge the whole practice.  Veterinaryloans.com participated in a call last week announcing the new loan products.    Check with us for details on which lenders are offering these new lending products.