HEALTHCARE SOLUTIONS
Veterinary Practice
Firstrust can help your veterinary practice meet your growth goals and will work with you to overcome financial challenges. Our Relationship Managers are experienced in all aspects of vet practice management, including financing, cash flow management and providing you with the right tools and resources to help you manage your practice effectively and efficiently.
Veterinary Practice
Healthcare Solutions
Loans & Lines of Credit
Equipment Financing
Treasury Management
Commercial Mortgages
We make building a great practice, simple.
We are a full-service commercial bank with an experienced team dedicated to serving the healthcare practice industry.
Our Relationship Managers have all the tools, and technology needed to help your growing practices succeed. And offer the highest-rated customer service in our region with each deal reviewed individually through the underwriting process.
• WORKING CAPITAL LOANS AND LINES
• PRACTICE ACQUISITION
• EQUIPMENT FINANCING
• TREASURY MANAGEMENT
• CORPORATE CARD
• CONSTRUCTION FINANCING
• PARTNERSHIP BUYOUT
• MERCHANT SERVICES
• SELLING YOUR PRACTICE
HEALTHCARE PRACTICE FINANCE
Veterinary Practice Specialists
Veterinary Practice
Construction Loans
For veterinary practices or practices looking to expand, it often makes more sense to build a new facility from the ground up than purchase an existing building. For example, you don’t have to worry about potential problems with an old building and you can design the building that meets all of your needs. Firstrust will work with you to structure a construction loan that is tailored for your practice.
Veterinary Practice
Expansion Loans
Successful veterinary practices often outgrow their space and need to renovate and expand their facilities or construct new facilities. Firstrust commercial lenders can work with you to structure an expansion loan that allows your practice to fulfill its growth potential.
How to Run A Financially Healthy Veterinary Practice
As the owner or manager of a veterinary practice, one of your main priorities is helping your clients’ pets maintain good health. However, it’s just as important to stay focused on the financial health of your business.
Turning Data into Intelligence
You likely have access to reams of financial data about your veterinary practice — everything from income and expenses to production by service code, supply and retail product inventory, payroll, the number of clients in your system and the number of lab tests ordered last month or last year. The challenge is turning all of this data into actionable intelligence you can use to improve practice financial management and boost profitability.
HEALTHCARE PRACTICES
Frequently Asked Questions
The Healthcare industry can be complex and unique, that’s why we offer business loans and lines of credit that come in all sorts of shapes and sizes. There is no one-size fits all approach at Firstrust Bank. We can customize your interest rates, fees, payment terms, and credit limits to your needs. We can even offer flexible plans that allow the terms of your loans to change as your business grows.
Having the right tools to run your day-to-day practice is critical to your success. These tools help your cash flow remain strong, provide a better patient experience and could add to your bottom-line. There are a variety of factors that go into knowing which products and services are the right fit for your practice. Your Relationship Manager will look at your business practices and recommend the right solutions.
We are happy to compare our programs to any of our competitors as not every financial institution matches the needs of every borrower. You should work with a bank that understands the healthcare industry and will offer you flexible financing terms as you grow your practice and move through different business life cycles.
Trick question! Both historical performance and projections are important, but they are only part of the story. We also want to get to know you and understand what makes your business tick.
You will work one-on-one with your own Relationship Manager. And, depending on your need, they may need to bring in an expert from another department, but your Relationship Manager will be your quarterback and designated point person.
Relationship Managers are experts on analyzing the cash flow of a practice. They will be happy to walk you through the process.
Yes, we have decades of experience working with clients in the healthcare industry. We know that each practice has unique needs and we can customize products and solutions to help you achieve your goals.
Many successful healthcare practices find themselves in growth mode. Whether it's upgrading a facility, adding staff, buying a building or acquiring another practice, most practice owners find themselves turning to a bank to help them obtain financing to invest in their expansion efforts.
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DISCLOSURES:
All credit, terms and conditions are based upon individual review and approval.