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Veterinary Practice Loans

Features and benefits

Interest-only and graduated payment structures are available for startup loans. On project-related loans, a dedicated project manager will be assigned to make payments to suppliers on your behalf. If you are an established owner, you may qualify for the option to receive funds all at once to self-manage your project.

Limited time offers

Practice acquisition and debt consolidation

1.00% for the first 18 months with a competitive rate through maturity that you will know up front

  • Acquisitions include partnership buy-ins & second-locations, plus you can consolidate your debt into one loan – but promotions are available separately or combined for maximum benefit
  • Flexible loan terms up to 15 years with a minimum loan amount of $250,000 to improve cash flow of practice
  • Applications must be received from September 1, 2020 to June 30, 2021, and the loan closed by September 30, 2021

Established practice project promotion

1.00% for the first 18 months with a competitive rate through maturity that you will know up front

  • Loan types that qualify are expansions, practice remodels, relocations and additional locations
  • Flexible loan terms up to 15 years with a minimum loan amount of $250,000 to improve cash flow of practice
  • Established project loan applications must be received from September 1, 2020 to June 30, 2021, and interim project opened by September 30, 2021, to be eligible for promotion

Equipment promotion

0% for the first 6 months with a competitive rate through maturity that you will know up front

  • Upgrade or expand with new equipment or software with loans up to $250,000
  • Flexible repayment options with no prepayment restrictions
  • Apply from September 1, 2020 to June 30, 2021, and close by September 30, 2021

Commercial real estate promotion

Limited-time offer ends June 30, 2021

  • Benefit from no upfront and appraisal fees on commercial real estate loans — including SBA loans
  • Qualifying loans starting at $100,000 when you purchase or refinance commercial real estate. Exclusions apply

Benefit for veterans

Take advantage of a 25% discount on loan administration or origination fees. Offer valid for veterans of the U.S. Armed Forces on new credit facility applications in Small Business.

Start a new practice

  • Finance construction
  • Fund project expenses
  • Get working capital

Expand a practice

  • Purchase equipment
  • Remodel your office
  • Add a new location

Acquire a practice

  • Ensure a smooth transition
  • Get working capital
  • Multiple practice financing

Qualifications

Requirements vary based on type of financing you are seeking
Call 800.497.6076 to speak with a Practice Specialist

 

Qualifications

Requirements vary based on type of financing you are seeking
Call 800.497.6076 to speak with a Practice Specialist

Purchase or refinance office space

Conventional or SBA financing options for commercial real estate

Purchase equipment

Get the money you need to update or expand your practice.

Consolidate debt

Improve your cash flow by consolidating bills into one low monthly payment.
 
 

Preferred Rewards for Business clients can save even more with interest rate discounts of

Preferred Rewards for Business clients can save even more with interest rate discounts of

0.25%

Gold

0.30%

Platinum

0.35%

Platinum Honors

 

Preferred Rewards for Business clients can save even more with interest rate discounts of

Preferred Rewards for Business clients can save even more with interest rate discounts of

0.25%

Gold

0.30%

Platinum

0.35%

Platinum Honors

 
 
 

We’re here to help

Call 800.497.6076 to speak with a Practice Specialist

Call 800.497.6076 to speak with a Practice Specialist

We’ll work with you to develop a financial solution to move your business forward, whether it’s to start a new practice, expand your current or buy an existing one.

Get started

Practice Heartbeat®

Complimentary when you start or purchase a practice for the first time.
Practice specialists will help you:
  • Determine your practice performance based upon revenue projections
  • Deliver a comprehensive evaluation of your practice
  • Offer business strategies to help you improve

Top FAQ

What are your practice loan interest rates?

What loan terms do you offer?

What are the loan approval requirements?

View all practice loan FAQs

A trusted provider

We're proud to be a financial partner of the American Veterinary Medical Association and the American Animal Hospital Association. Endorsed group members receive a 50% discount on administration fees associated with a funded loan.

See endorsements

 

Events & trade shows

Bank of America Practice Specialists appear at major trade shows so you can discuss your financing needs with them directly. We also hold symposiums so you can deepen your knowledge about various issues important to your professional success. Use this page to find an event near you.

Jan 19 - 22, 2020

North American Veterinary Conference, Gaylord Palms Convention Ctr., Orlando, FL

Jan 23 - 25, 2020

Oklahoma VMA Annual Convention, Embassy Suites, Norman, OK

Feb 17 - 19, 2020

Western Veterinary Conference, Mandalay Bay Resort & Casino, Las Vegas, NV

More Events

Connect with us

800.497.6076

Mon-Thu 8 a.m. – 8 p.m. ET
Fri 8 a.m. – 7 p.m. ET

800.497.6076

Mon-Thu 8 a.m. – 8 p.m. ET
Fri 8 a.m. – 7 p.m. ET

Schedule an appointment

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