5 tips for new veterinary clinic construction financingJune 26, 2018Whether you have outgrown your existing building, are expanding into new service areas, or are just ready to own your own space, you've made the decision to build a veterinary clinic from the ground up. The first step to turning your new dream clinic into a reality is to determine the type and amount of financing you require. This will lay the groundwork for everything you do moving forward, from site selection to equipment purchases. For veterinarians, it's important to speak with a lending expert who understands the unique needs of your practice. In addition to conventional loans, there are several Small Business Administration (SBA) loans available to veterinary practices, each offering different benefits. A lender that specializes in veterinary financing will help you select the right loan and oversee all the financing details, so you can focus on the construction of your new clinic. When reaching out to a lender, there are several steps you can take to ensure the loan process goes smoothly so you can get the construction of your new veterinary clinic underway as quickly as possible: Establish a budget. Going to your lender with a comprehensive budget will save time and help curb potential …
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