You’ve invested plenty of time and money to build your veterinary hospital into a significant asset. Perhaps it’s time now to put the equity you’ve accumulated to work for you in order to take advantage of business and growth opportunities. Tapping into your practice equity now can give you greater flexibility in optimizing your business and provide increased control over your financial future.

Here are some of the ways a practice equity loan can be put to work to build your business’ long-term success.

Upgrade your hospital and equipment

Keeping your hospital up to date in today’s competitive environment is an important aspect of maintaining practice value and preparing for long-term success. Tapping into the equity you have already built gives you the leverage to purchase new equipment and upgrade or remodel your hospital to stay current. Increasing your fee schedule to compensate for your upgraded hospital can also help offset your loan payments.

Expand your facility

Adding a new location or expanding an existing facility to meet your full potential is a significant financial and logistical undertaking. A practice equity loan enables you to fund this type of transaction without the added stress of trying to accomplish your goals while cutting corners. The additional income produced by an expanded facility or hospital operation should also offset the cost of the equity loan.

Finance your retirement

If you have not yet set aside adequate funds for retirement, consider using a practice equity loan to help finance a retirement plan while your hospital value is at its peak. Cashing out now, rather than at the time of sale, may allow you to secure your practice value at its highest. With guidance from your financial advisor, your equity can be placed in investments with a reasonable rate of return, allowing you to earn extra income as you wind down your hospital operation.

Invest in additional education

Have you always wanted to add a specialty to your service portfolio, but haven’t had the time or funds for more education? Tap into your practice equity to fund the education you need in order to add skills that will be valued by your clients. You can also use the loan to pay for a temporary associate while you are attending school.

Fund partnership transitions

Bringing an associate into the practice is another way to expand your service portfolio and treat a broader range of patients. A practice equity loan can give you the necessary cash to pay a new associate’s salary, benefits, and potential contract fees while they are building their client base.

Likewise, if you have decided to bring a partner into the hospital to share ownership responsibilities, a practice equity loan can help fund the additional staff, space, and equipment needed to bring your partner on board. Of course, you will need to work out a plan with your new associate or partner to ensure you are compensated for your cash outlay.

Accessing your practice equity can be a relatively simple matter when you work with a bank or financial institution specializing in veterinary practice funding. Loans can range up to $500,000 depending on your practice revenue, with no appraisal required.

Practice equity loans are designed to help veterinarians like you grow their success. Don’t just dream about what could be—contact your Wells Fargo practice financing specialist and take the first step in making it happen.

To learn more, call your Wells Fargo financing specialist at 866-4MY-PAWS (866-469-7297) or visit us online at

All financing is subject to credit approval.

© 2015 Wells Fargo Bank, N.A. All rights reserved. Wells Fargo Practice Finance is a division of Wells Fargo Bank, N.A.

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