Vet Loan Finance and Funding

Vet Loan Finance and Vet Funding

At Sterling Capital Reserve we recognise that the healthcare sector is different, and we are able to source a wide range of innovative and competitive finance and loan packages specifically tailored to the needs of vets and veterinary practices.

Are you :-

  • A vet wishing to purchase your own veterinary practice?
  • An established veterinary practice wishing to finance an expansion?
  • A vet looking to buy out a partner or buy into a veterinary practice?
  • A new or established veterinary practice requiring finance for new equipment?
  • A vet looking for practice funding?
  • A veterinary surgery looking for help in paying Inland Revenue arrears?
  • A veterinary surgery disillusioned with your current financial lender?
  • A vet looking to purchase property for a veterinary assistant?

Then we would like to hear from you.

Our healthcare division is run by an ex-banker with over 20 years experience working for one of the major specialist healthcare lenders looking after vets and other healthcare professionals just like you.

We have many contacts with the major banks together with specialist niche healthcare lenders, and we know the types of deals that are synonymous with this sector.

100% funding for vets was until recently almost a given, as was the availability of very significant unsecured lending. Whilst this is still available from some lenders, it is no longer a formality, and only “to the right individuals for the right deal”. The ability to convince a lender that you are that person and this is the right deal is where Sterling Capital Reserve can help. Our contacts are such that 100% funding is still quite possible (often this can include legal fees and internet roll up facility).

Possible vet funding needs include:

  • Property Acquisition
  • Property Refinance
  • Veterinary Refurbishment
  • Practice purchase including property,
    goodwill and equipment
  • Business Expansions
  • Partner buyouts / buyins
  • Fixtures and Fittings / Refurbishment
  • Practice Loans

You can be confident that we will source the most appropriate funding structure for you.

We have had some notable sucesses obtaining vet loans, funding and finance packages for vets, a few examples of which are described below. To see more examples, as well as our successes in other areas of the healthcare industry, take a look at our healthcare funding case studies.


Vet Loan Funding and Vet Finance Case Studies

Veterinary Practice - (East Midlands - £330k)

Healthcare funding arranged for a vet in the East Midlands to initially purchase a half share in a veterinary practice (vet had 20% deposit he wanted to put towards the purchase) and later purchase the remainder upon the retirement of the original owner (again with a 20% deposit).

Later, a further 100% funding was arranged for the complete purchase of the veterinary surgery premises.

Veterinary Practice - (Wales - £650k)

Funding of some £650,000 was arranged to enable the current sole proprietor to retire and a partnership of two relatively young but experienced vets to purchase the business (one was already work at the practice as an assistant), together with freehold veterinary surgery premises.

100% funding was arranged with no personal security required, and for the loan to be repaid over 25 years.

Veterinary Hospital - (Midlands - £695k)

We put together a comprehensive funding package to acquire veterinary hospital premises and provide working capital of some £695k, together with 100% funding of £135k for property to house a veterinary assistant, and a second property loan of £145k for a second assistant.

Not stopping there, we also arranged additional funding to enable the partners to purchase a property and complete the necessary renovation to set up an equine centre which included a hospital.

All of this funding was completed within an overall unsecured element of £300k per veterinary partner, repayable over a 25 year term.


Contact Us

Unlike some of our competitors WE DO NOT CHARGE UPFRONT FEES (although we may make a charge if assistance is required in formulating a business plan). Our brokerage fees are usually only payable when our client has received funding and are in the main generally covered by the lender. Our fees are transparent and will be agreed beforehand.

© 2012 : Sterling Capital Reserve Ltd

Sterling Capital Reserve Ltd
Sterling House, 10 Wheatcroft Business Park, Landmere Lane, Edwalton, Nottingham NG12 4DG
Tel: 0115 984 9800 Fax: 0115 921 5550

Associations

ANY PROPERTY USED AS SECURITY, INCLUDING YOUR HOME, MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
EARLY REPAYMENT CHARGES APPLY. A BROKER FEE MAY APPLY.

Web Design Nottingham by Whatever Enterprises