Starting a Veterinary Practice? What to Know About Financing Through Bank of America Practice Solutions
Vet Startup Loans: Why Choose Bank of America?
Opening a veterinary hospital is more than a business decision — it’s a personal milestone. It’s the moment your years of education, clinical experience, and patient care come together under your roof.
But if you're like most veterinarians, you’re probably wondering… “how can I pull this off?”
Bank of America’s Practice Solutions program is one of the most trusted veterinary financing options in the U.S., and for good reason.
It’s tailored specifically for veterinarians looking to start, buy, or grow their practices — and it’s designed to make the process feel less overwhelming.
Whether you're still dreaming or you’re knee-deep in planning, we’re here to walk you through some key insights about using Bank of America veterinary loans to launch your practice.
Why Choose Bank of America for Veterinary Practice Loans?
If you’re exploring how to finance a veterinary startup, you’ll find that Bank of America has a long-standing reputation in the veterinary community. Their Practice Solutions program offers:
Veterinary-specific loan packages
Dedicated healthcare lending specialists
100% financing for startups
Guidance from pre-approval to post-opening
Unlike general business loans, this program is built around the financial needs of medical professionals — including extended loan terms and the ability to finance your entire startup, from real estate to x-ray machines and exam tables.
What do veterinarians appreciate most? They won’t ask you to explain what a wet table is, or why you’re budgeting for X-ray software. They've seen it all before, and they’re prepared to support you through every step.
What Can a Veterinary Startup Loan Cover?
Veterinarians often assume they'll need to piece together funding from different sources — one loan for construction, another for equipment, and so on.
But with Bank of America Practice Solutions, a single loan can often cover everything you need to open your doors.
Here’s what their startup loans typically include:
Leasehold improvements and construction build-outs
Medical and diagnostic equipment
Surgical and dental suites
Practice management software and IT setup
Furniture and office furnishings
Inventory and pharmaceutical supplies
Signage and marketing costs
Working capital to cover the first few months of operations
That last one is key. Many lenders don’t account for the “ramp-up” period — but Bank of America includes working capital in the loan structure so you can pay staff, order supplies, and cover operational costs while you’re still building your client base.
How Do Payments Work? (And Can You Pay Off Early?)
Let’s talk about repayment — because you’re probably wondering what this means for your monthly cash flow.
Veterinary practice loans from Bank of America typically come with:
Flexible loan terms, often 10–15 years
Fixed or variable interest rate options
No prepayment penalties, meaning you can pay it off early if your practice does well
Monthly payments that include both principal and interest
The no-prepayment-penalty feature is a big deal. It gives you peace of mind knowing you can pay extra toward your loan if you start turning a substantial profit — without being penalized for your success.
And don’t forget: the longer loan term isn’t just about spreading out debt — it helps keep monthly payments manageable, especially during those early months when you're still gaining momentum.
Real-World Questions Veterinarians Ask
Let’s go beyond the brochures for a moment. Here are some honest, practical questions veterinarians often ask during the startup process, and how the Bank of America Practice Solutions program addresses them:
“Do I need a down payment?”
In many cases, no. Their 100% financing means you may not need to put any money down — a massive relief if you’re still paying off student loans or don’t have deep savings.
“Will they finance a mobile practice or urgent care model?”
Yes — the program isn’t limited to brick-and-mortar general practices. Whether you're planning a mobile unit, urgent care, specialty clinic, or boutique wellness practice, their veterinary lending team can help structure a loan that fits your model.
“How long does the loan process take?”
It depends on how far along your planning is. If you already have your business plan and location in mind, things can move quickly. But it’s best to start conversations early so the team can guide you through site selection, budgeting, and buildout costs.
“What if I’ve never run a business before?”
You’re not alone! Most veterinarians don’t have an MBA. One of the perks of the Practice Solutions program is that it connects you with experienced specialists and resources to help with planning, budgeting, and operational setup. You don’t need to have all the answers — just the passion and vision.
A Financing Partner
Starting a veterinary hospital isn’t just about square footage and surgical lights — it’s about building a space where your team can thrive, your patients are cared for, and your career takes a new leap forward.
Bank of America’s Practice Solutions is a financing partnership designed with veterinarians in mind. With industry-specific guidance, tailored repayment terms, and flexible early payoff options, it’s one of the most trusted resources for veterinarians ready to leap.
You’ve cared for other people’s practices — now it’s time to build your own!
