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United Capital Source is proud to help veterinary practices and animal hospitals obtain the tools they need to stay competitive, stabilize cash flow and increase profitability. Other business lenders might not be as generous now that an increasing amount of practices and hospitals are no longer exclusively cash businesses. But at UCS, we offer flexible terms that can accommodate all sorts of revenue models. Our expansive selection of business loans can finance everything from advanced equipment to new staff members for busy periods.
If you’re looking for a large amount but don’t have the time to go through the notorious application process of a traditional SBA Loan, we might recommend our signature SBA “Marketplace” Loan. Collateral is not required, and unlike the bank, our terms can be customized to account for slow cash flow or uncontrollable circumstances like seasonality. In the event of a sudden surge in demand (like an outbreak of an illness), a business line of credit could prove to be very useful for immediately securing extra inventory, more personnel and other resources associated with treating the condition at hand.
Protecting Cash Flow In The Age Of Pet Insurance
We also offer equipment financing for practices and hospitals that cannot wait until it is convenient for their finances to make such purchases. Paperwork is minimal, and you don’t have to be in your peak season in order to be approved.
Since pet insurance is still being ironed out, providers might take longer than expected to send reimbursements. For this all-too-common dilemma, UCS offers accounts receivable factoring. Your business cycle would essentially be shortened from weeks or months to just a few business days, giving you the cash to cover bills and payroll whilst restoring profitability. Accounts receivable factoring could allow you to accept more types of insurance as well, partially because you know you’ll be paid on time despite a difference in the provider’s reimbursement policy.
No matter which business funding program you are interested in, keep in mind that at UCS, we are aware that not every business owner is necessarily “business savvy.” Most healthcare professionals start their careers to help people, not to grow their businesses. So, if you are unfamiliar with small business loans, we are more than happy to walk you through the entire process, up until you have made your final payment. Apply now to see how much you qualify for!