020 3318 2613

Funding for vets to buy a competitor

Speak to one of our experts020 3318 2613

Goodwill Loans

  • Release wealth from your existing practice
  • Cost-effective and tax efficient
  • Flexible arrangements
  • Use for any purpose

Commercial Mortgages

  • From 2% above base rate
  • Up to 25 years terms
  • Interest-only or capital repayment
  • Buy premises or existing business

Commercial Loans

  • Unsecured lending from from 6%
  • Up to 5 years to repay
  • Secured lending from 2% above base rate
  • Long repayment terms

Talk to Rangewell - the business finance experts

Want to buy a competitor to grow your veterinary practice? At Rangewell, we can use our contacts across the entire UK lending industry to provide the funding you need.

At Rangewell we recognise your professional status, and we work harder to find you better solutions - which can include 100% finance for many of your needs.

If you are a vet running a successful practice, your next step could be to acquire a competitor 

Buying a competitor - perhaps from a vet who is retiring - and going from a single branch to a practice serving a wide area could be a giving you a ready-made extension to your veterinary practice, with a long list of new clients.

It means new challenges, scope for your good ideas and further development - and a need for a high level of funding. At Rangewell, we know the solutions which can help you find the funding you need.

Goodwill Loans - releasing the value of your practice

A Goodwill Loan, also known as a Capital Withdrawal Loan or Cash Out, uses the goodwill built up in your existing veterinary practice as security. It can bring you a sum comparable to your annual turnover, with repayment terms of up to 15 years. Goodwill Loans for vets could be a cost-effective way to use the wealth built up in your practice to fund your development plans, while leaving the funds in your business bank account untouched.

Remortgaging - releasing the value in your premises

Remortgaging the premises your veterinary practice currently operates from could provide the level of funding you need to buy a competitor - and you may not even need to have paid off your existing mortgage. Commercial Mortgages work much like a residential mortgage, and can provide large-scale funding at competitive rates. By letting you spread repayments over up to 20 years they make a high level of finance affordable.

Commercial loans - versatile solutions 

There are two types of commercial loan - Secured and Unsecured. 

Secured Loans can provide a high level of funding but must be supported by security, such as your home, that the lender would take and sell if you became unable to make repayments. Secured Loans can possess rates as low as 2% above base rate, and give you ten or more years to repay them.

Unsecured business loans are a more straightforward way of borrowing, and operate much like a personal loan which can be used in any way you wish. The loan is most commonly repaid in monthly or quarterly instalments and over an agreed term (usually under 5 years). Decisions can be fast but you will need to provide a personal guarantee meaning that you will become personally liable for the debt if your business was unable to pay.

‘Jigsaw’ Finance - finance planned around your needs

Acquiring a competitor's practice may actually mean a range of funding needs that cannot be answered with just one single funding solution. We can provide Jigsaw Funding - a package made up of the most appropriate type of funding for each requirement and tailored to your veterinary practice purchase plans. For example, you could combine veterinary practice refurbishment with other types of funding for vets. If you are ready to make a major business purchase - like buying a competitor - it will let you access a higher level of funding that simply could not be provided by one single finance option - and reduce your costs at the same time.

The finance you need to buy a competitor 

To find out more about setting up the finance you need to buy a competitor simply call us. Our experts are ready to help.


  • Help arrange a 100% loan for a vet, as the basis of an acquisition plan

  • Find a lender to provide a Commercial Mortgage to acquire a business 

  • Help arrange Jigsaw Funding for every stage of a practice acquisition

  • Work with a vet to find the most effective source of funding

Discover our range of finances

Every type of finance for every type of business

Our goal is very simple - to help businesses find the right type of finance as quickly, transparently and painlessly as possible.

Helping you build your profits

The funding you need - tailored to your needs

Funding can be drawn together from several sources and tailored to your needs.

Funding that recognises your status as a veterinary professional

As a professional practice owner, you may actually be able to enjoy preferential rates for borrowing.

No need for extra security with Goodwill Loans

Goodwill Loans are secured on the future performance of your practice - so there is no need to put your assets or possessions at risk.

Covering all of your costs with Jigsaw Funding

We can help you arrange bespoke funding which is tailored around your needs.

Enjoy early repayment options

Some loan providers will accept early repayments, which will actually reducing the total cost of your borrowing.

Cutting borrowing costs

At Rangewell, we search the entire UK lending market to find the most appropriate and cost-effective solutions for your practice's needs, helping you reduce the costs of your expansion plans.

Download Rangewell’s free and detailed guide to business lending for Veterinary Practices

What business finance solutions are available for your veterinary practice?

How can Asset Finance keep your equipment up to date?

Finding the right finance package for any purpose from a wide range of financing options - whether it's cash flow support, equipment needs, tax bills, buying your site, buying a second site, working capital boosts or growth

How to apply for finance for your veterinary business - what paperwork will you need to present?

Is it important to choose a provider who is authorised and regulated by the financial conduct authority?

 What is the difference between long- and short-term veterinary finance?

Get the financial assistance your practice needs for any kind of funding problem

If I'm submitting financial details online to a lender, is it secure - does it matter if the website uses cookies?

Are practices only eligible for business finance in the UK - Northern Ireland, Scotland, England and Wales?

Download this free resource now and find out how to get the financial support you need for your veterinary practice

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An additional commitment
Borrowing may be a long-term commitment, with ongoing monthly repayments which will affect your cashflow.
You may need to repay
If you sell your business, you may need to repay your borrowing.
Borrowing may be a personal liability
Lending will be secured on your practice, but you may be personally responsible for repayment with some types of loan.

Our service is:


Transparent and independent, treating all lenders equally, finding the best deals.


Every type of finance for every type of business from the entire market - over 300 lenders.


Specialist Finance Experts support you every step of the way.


We make no charge of any kind when we help you find the loan you need.