Financing Options for Veterinary Practices

Running a veterinary practice means juggling patient care, staffing, equipment costs, and the unexpected – oftentimes all at once. That’s why having access to flexible, dependable financing is essential for keeping your operations running at their best.

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Our Loan Products

Explore our financing solutions

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Basic Eligibility Criteria

See what loans you qualify for
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Minimum Required Documents

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Basic Eligibility Criteria

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Business Term Loan

Loan Size1: $10,000 - $350,000 | Estimated Interest Rate2: Fixed, as low as 11.99% | Loan Term: 1 - 5 years | Estimated Processing Time3: 3 - 7 business days

Eligibility Requirements:

  • 2 years in business or 1 year in business with 5 years' industry experience
  • All owners with 20% or more ownership are required to complete identity verification (KYC) and provide a personal guaranty
  • No business or personal bankruptcy, charge-offs, or active collections in last 3 years
  • Minimum FICO 620
  • Payment-to-Income < 25%4
  • Validated in legal or doing business as name

SBA 7(a) Business Term Loan

Loan Size1: $10,000 - $350,000 | Estimated Interest Rate2: Variable, as low as 8.25% | Loan Term: 10 years | Estimated Processing Time3: 5 - 20 business days

Eligibility Requirements:

  • Minimum 2 years in business
  • Social security number is required for at least one owner with 20% or more ownership. All owners with 20% or more ownership are required to complete identity verification (KYC) and provide a personal guaranty
  • No business or personal bankruptcy, charge-offs, or active collections in last 3 years
  • No prior loss on a federally backed loan and not debarred or excluded on the System for Award Management (sam.gov)
  • Minimum FICO of 620
  • Debt Service Coverage Ratio on the latest business tax return 1.1 or greater
  • Validated in legal or doing business as name

SBA 7(a) Standard Loan

Loan Size1: $350,001 - $5,000,000 | Estimated Interest Rate2: Variable, as low as 7.75% | Loan Term: 10 - 25 years | Estimated Processing Time3: 35 - 90 business days

Eligibility Requirements:

  • Minimum 2 years in business, business acquisitions are acceptable and may have start-up fundamentals, such as projections or new entities
  • Social security number is required for at least one owner with 20% or more ownership. All owners with 20% or more ownership are required to complete identity verification (KYC) and provide a personal guaranty
  • No business or personal bankruptcy, charge-offs, or active collections in last 3 years
  • No prior loss on a federally backed loan and not debarred or excluded on the System for Award Management (sam.gov)
  • Minimum FICO of 620
  • Debt Service Coverage Ratio on the latest business tax return 1.1 or greater and validated by last 90-days of business bank data
  • Validated in legal or doing business as name
1The minimum loan amount is $10,000, except in Rhode Island ($25,000 for sole proprietorships) and Maryland ($15,000 for sole proprietorships and business entities other than corporations). The availability of any applicable business loan product is subject to certain eligibility requirements, which may include without limitation, the creditworthiness of the business and its owners, and the applicant's acceptance of the terms of loan documentation to be provided by the lender.

2Any information provided, including any hypothetical credit amounts, rates or terms, is provided for reference purposes only and will not constitute an offer for credit. Displayed rates represent the lowest available rates and are not available to all borrowers; actual rates will depend on creditworthiness, loan amount, term, and other factors. Fees, including origination fees and, for SBA loans, guarantee fees, may apply.

3Estimated processing time to close based on loan type selected.

4Payment-to-income ratio measures the percentage of gross monthly income used to cover debt obligations.

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Our Loan Products

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Business Term Loan

A short-term, fully amortizing fixed-rate loan designed for established businesses that need capital quickly.

  • Loan Size1: $10,000 - $350,000
  • Estimated Interest Rate2: Fixed, as low as 11.99%
  • Loan Term: 1 - 5 years
  • Estimated Processing Time3: 3 - 7 business days

Typical Use Cases

Working Capital | Payroll & Operating Expenses | Marketing & Growth Campaigns | Inventory Purchases | Cash Flow Gaps | Refinance Existing Debt

Time in Business

2 years in business or 1 year in business with 5 years' industry experience

SBA 7(a) Business Term Loan

A government-backed, fully amortizing loan ideal for small businesses owned by U.S. citizens or U.S. nationals with principal residence in the U.S., its territories, or possessions, looking for competitive rates and longer repayment terms. Lawful Permanent Residents (green card holders) are no longer eligible for SBA loan programs.

  • Loan Size1: $10,000 - $350,000
  • Estimated Interest Rate2: Variable, as low as 8.25%
  • Loan Term: 10 years
  • Estimated Processing Time3: 5 - 20 business days

Typical Use Cases

Working Capital | Equipment Financing | Business Acquisition | Leasehold Improvements | Debt Refinancing

Time in Business

Minimum 2 years in business

SBA 7(a) Standard Loan

Lendistry's flagship SBA product for larger capital needs. As an SBA Preferred Lender, Lendistry can approve these loans faster than non-Preferred Lenders. Note that this loan is only available to businesses owned by U.S. citizens or U.S. nationals with principal residence in the U.S., its territories, or possessions. Lawful Permanent Residents (green card holders) are no longer eligible for SBA loan programs.

  • Loan Size1: $350,001 - $5,000,000
  • Estimated Interest Rate2: Variable, as low as 7.75%
  • Loan Term: 10 - 25 years
  • Estimated Processing Time3: 35 - 90 business days

Typical Use Cases

Commercial Real Estate | Large Equipment Purchases | Business Expansion | Franchise Financing | Acquisition of a Business | Mixed Use of Proceeds

Time in Business

Minimum 2 years in business, business acquisitions are acceptable and may have start-up fundamentals, such as projections or new entities

1The minimum loan amount is $10,000, except in Rhode Island ($25,000 for sole proprietorships) and Maryland ($15,000 for sole proprietorships and business entities other than corporations). The availability of any applicable business loan product is subject to certain eligibility requirements, which may include without limitation, the creditworthiness of the business and its owners, and the applicant's acceptance of the terms of loan documentation to be provided by the lender.

2Any information provided, including any hypothetical credit amounts, rates or terms, is provided for reference purposes only and will not constitute an offer for credit. Displayed rates represent the lowest available rates and are not available to all borrowers; actual rates will depend on creditworthiness, loan amount, term, and other factors. Fees, including origination fees and, for SBA loans, guarantee fees, may apply.

3Estimated processing time to close based on loan type selected.

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Minimum Required Documents1

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Business Owner(s) Identification Documents

  • U.S. government-issued ID

Business Tax Return(s)

  • Most recently filed (3 years required for SBA loans)

Additional Minimum Required Documents for SBA loans

  • More Documentation May Be Required for Eligibility Review2

Personal Tax Return

  • Most recent year filed

Personal Financial Statement

  • Listing all household assets and liabilities, signed by you and your spouse (if applicable)

Collateral Information

  • Complete list of business assets used as collateral to secure the loan

Business License(s)

  • All valid and current business license(s) required by law for your state/industry

Use of Proceeds

  • Include any additional SBA-required documentation based on use of proceeds (e.g., environmental reports, debt refinance support or other documents) to ensure compliance and timely processing
1Additional items may be required depending on eligible financing program. FICO® Scores are the standard measure of credit risk used by lenders to evaluate creditworthiness.

2 Approval is subject to (i) provision and validation of additional information and documentation, if required, (ii) provision and validation of additional SBA certifications, and (iii) issuance of Guarantee by the SBA.

Veterinary clinics have unique capital needs. Our conventional business term loans and SBA 7(a) loans help you protect cash flow while investing in your team, your clinic, and long-term growth.
Flexible financing for:

  • Practice acquisition or buy-in
  • Investment in high-cost medical and diagnostic equipment
  • Building cash reserves for staffing, emergencies, or seasonal slowdowns
  • Boosting working capital for smoother day-to-day operations
  • Launching strategic marketing campaigns to attract new patients
  • Renovation, expansion or acquisition of clinic space to serve growing demand
  • Refinancing debt

A Streamlined Way to Apply

We know you’re balancing patient care, client communication, staffing, and daily operations. Our online application is simple and can be completed at your own pace from any device. Applying won’t impact your credit score, so you can explore your financing options without added pressure.

Frequently Asked Questions

Can loans be used to purchase a veterinary practice?

Yes. Loans are commonly used for clinic acquisitions, ownership transitions, and partnership buy-ins. Whether you’re purchasing an existing practice,or expanding your own to meet demand, flexible financing can support your next step with confidence.

Can I finance veterinary equipment with a loan?

Yes. Funds may be used for medical equipment, diagnostic tools, surgical equipment, and other essential technology.

Do startup veterinary clinics qualify?

Lendistry requires businesses to be in operation for 2 years or more.

How long does the process take?

Timelines vary based on the complexity of the transaction and documentation required.

Does applying affect my credit score?

Submitting an application does not impact your credit score. Our online application is simple and can be completed at your own pace from any device.

Move Forward With a Lender That Understands Small Business

Veterinary practices play an essential role in their communities. If you’re ready to explore your options, our team can help you find a financing solution that fits your goals.

A Trusted Lender for Small Businesses

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