SBA Loans for Veterinarians
14,610 SBA loans have funded veterinarians nationwide, averaging $616K across 1,121 active SBA lenders, at an average note rate of 6.1%. SBA 7(a) loans up to $5M fund buying a veterinary practice or hospital and surgical, dental, and imaging equipment; SBA 504 loans cover owner occupied real estate and equipment with as little as 10% down. PeerSense reads this lending history and sources capital for a veterinary hospital.
Published: ·Last updated: ·By Ed Freeman, Capital Advisor. PeerSense
Source: SBA 7(a) and 504 loan records (NAICS 541940), 2000 to present.
14,610
SBA Loans Funded
$616K
Average Loan
6.1%
Avg Note Rate
16 yrs
Avg Term
1,121
Active Lenders
4.1%
Charge Off Rate (resolved loan basis)
What veterinarians use SBA loans for
Where veterinarians get SBA financing
| State | SBA Loans | Capital Deployed |
|---|---|---|
| California | 1,662 | $1.2B |
| Texas | 1,248 | $904.7M |
| Florida | 1,092 | $903.5M |
| New York | 625 | $319.3M |
| Georgia | 546 | $376.9M |
Talk to PeerSense about SBA capital for a veterinary hospital.
Tell us your loan amount and use of funds. PeerSense sources capital for a veterinary hospital, anywhere in the US.
SBA 7(a) / 504, Veterinarians: The desk will reach out. No obligation.
How veterinarians qualify for an SBA loan
SBA 7(a) loans are the most common path for veterinarians financing buying a veterinary practice or hospital. They run up to $5M, fund up to 90% of a project, and amortize over 10 years for a business purchase or up to 25 years when real estate is included. SBA 504 loans pair a bank loan with a CDC debenture for owner occupied real estate and heavy equipment, typically at 10% down.
With 14,610 loans on record across 1,121 lenders and a 4.1% historical charge off rate, veterinarians are a well understood credit to SBA lenders, but not every lender is active in this profession or comfortable with its deal structure. PeerSense reads the lending history and sources capital through a curated network, then stays with you through closing.