100% finance to buy a second site for your veterinary practice
Growing your business with a branchSpeak to one of our experts020 4525 5312
- Fast and easy to arrange
- Rates from 2% above base rate
- Use for any purpose
- Flexible repayment terms
- From 2% above base rate
- Up to 25 years terms
- Interest-only or capital repayment
- Buy premises or existing business
- Provide equipment for your new branch
- Hire Purchase from 6%
- Lease with no upfront costs
- Cover all types of assets
Are you a vet with a successful practice? Could you be even more successful by opening a branch?
At Rangewell, we have some answers
Opening a second practice could be a profitable move, and the start of growing your client base.
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Even in a busy area, there may be a limit on the numbers of companion animals brought in to your veterinary surgery. Some animal owners may not have cars, and need to find a surgery close to their homes.
Opening a branch practice might let you help them - and help you grow your business.
By acquiring new premises, or by buying an existing competitor, you may be able to set up a branch serving a new area and bring in new patients.
There will be some significant costs. Finding new premises in a good location with passing trade, transport links and sufficient space could be costly, and the need to have the appropriate planning permission for use as a veterinary surgery may limit your choice.
What’s more, the costs don’t stop with premises costs. You may need to refurbish your new premises and set it up with new equipment. You will also need to find staff, including a qualified junior.
At Rangewell, we can help. We work with vets across the country. We can help you use your status as a professional with an established practice to get up to 100% funding when you want to expand your business.
And we have a number of solutions to offer.
The funding you need to open a second branch for your practice can be arranged in a number of ways.
If you are looking for property, you could take on a long-term lease or, alternatively, you might want to consider a Commercial Mortgage - which would help you acquire a valuable asset for the long-term. Alternatively, you might be able to use business loans with Secured or Unsecured lending.
We can also provide ‘jigsaw’ funding. This is a package of loans, often from various borrowers, which can let you call on the most appropriate, and most cost-effective funding for each aspect of your purchase plans
Setting up the finance you need to grow your veterinary practice
As a veterinary professional with your own practice, you may be in a very good position to raise funding when you are considering expansion. Some providers may even offer 100% finance.
At Rangewell, we have a number of solutions designed for vets, which can cover every cost, from setting up a new practice to your equipment and vehicle needs.
We work with lenders across the entire UK lending market. We know those that may be able to offer the most attractive funding solutions. But we don’t stop there. We will work with you to understand your plans for your practice and use our expertise to help find the funding that meets your needs. We know the lenders who can offer the most competitive rates for your veterinary branch - for all types of finance.
Simply call us about funding options for veterinary professionals. Our experts are ready to help.
REAL EXAMPLES OF WHAT WE CAN DO
Help arrange a 100% for a vet with an ambitious expansion plan
Find a lender to provide a Commercial Mortgage to acquire premises
Help arrange Asset Finance to equip a consulting room
Help arrange jigsaw funding for an ambitious expansion programme
Find the most effective source of funding to allow a vet to take on a junior
Last update: 3 October 2023
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?
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