Business Finance
Need to discuss financing a practice, developing your premises or buying equipment?
Business Finance can be used to purchase or refinance premises, fund development or refurbishment, buy into an established business, or are looking to invest in specialist equipment and medications.
Business finance is via referral to our Principal Partner, Try Financial Ltd.
How Can I Get Finance to Buy or Refinance Business Premises?
Our Principal partner can help your business to purchase and refinance trading premises, and are confident that they will find the best lender matched to your needs and objectives. Owning your own premises can enable your business to grow as you will benefit from any increase in the property’s value whilst avoiding the often onerous constraints of renting. You can also use a commercial mortgage to raise finance for your business if there's sufficient equity in your property and your business' income supports it.
What is Refurbishment and Development Finance?
Development finance is a short-term funding option, usually for between 6-24 months. It is designed specifically to assist with the purchase costs and build costs associated with a residential or commercial development project. This can be a new build, conversion or refurbishment.
How Do I Get Finance to Purchase an Established Business?
If you're looking to take on an existing business, whether it's the whole company or buying into a partnership, it's likely that you'll need some significant capital behind you. By understanding your experience, and the figures behind the Practice you're buying into, our Principal partner can help you find the best solution for your needs.
Can I get finance for specialist equipment or new medications?
If you own a veterinary practice, you need to strike a balance between the need to provide the highest level of care against profitability. You have to weigh up the cost of kitting out your practice with high-end equipment, paying staff and sourcing medications versus customer budgets. Failure to invest in your practice means your level of care will fall behind.
Business loans can ensure that you get your practice the best equipment and help you to stock new medications, spreading the costs in a way that means you don't price-out your customers whilst simultaneously offering the highest level of care.
If you’re a veterinary practice owner, talk to us today to see how our Principal partner can help you raise the right type of finance for your needs.
How do I find out more and/or apply for Business Finance?
Fill out the short form below and we will ask our Principal Partner, Try Financial Ltd, to get in touch with you.