There are nearly 60,000 veterinarians in Canada and the industry is projected to grow in 2022. 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 growing in Canada 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.
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
- Decreased demand for livestock veterinary services
How Veterinarian Funding Works
Gather 3 months of bank statements and other records. For faster approval, grant us secure access to your bank account’s transactional data.
A Funding Advisor will reach out to you within 1 hour (during regular business hours) to complete your application & discuss your funding options.
Once you and your Funding Advisor determine what funding option works for your business, your funds can be approved and deposited within 24 hours.
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 federal funding programs 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.