Veterinary practice financing
We offer tailor-made tax efficient solutions from our range of veterinary loans, leasing and hire purchase products. Our specialist finance team understand the financial challenges you face within the veterinary sector.
- Hire purchase
- Leasing
- Tax loans
- Personal loans
- Consolidation loans
- Business loans
- VAT loans
Hire Purchase allows outright ownership of the asset and enables you to spread the cost over a term that suits you.
- Expenditure may be allowable against taxable profit within your Annual Investment Allowance in the year of purchase to the sum of £200,000
- Easier cash flow budgeting as repayments are fixed
- Capital preservation - existing funds can be used elsewhere
- Interest charges can be offset against profits for taxation
- Outright ownership on completion of the agreement
If you want to maximise the use of your equipment without the responsibility of owning it, leasing will give you the freedom and flexibility you need.
- Easier cash flow budgeting as repayments are fixed
- Capital preservation - existing funds can be used elsewhere
- No upfront deposits required
- Protection of existing credit lines, making any further borrowing easier
- Fixed payments - tailored to suit your individual circumstances
- Tax efficient - repayments may be offset against taxable profit
- Up to date equipment - be ahead of your competitors
Tax loans permit you to spread the cost of your tax demand into affordable monthly payments.
Benefits of a tax loan:
- Control of cash flow
- Fixed monthly payments
- Flexible repayment terms
- Free CHAPS transfer
- Protects existing bank facilities
- Quick and simple to arrange
- HMRC receive payment on time
A personal loan is a form of borrowing that can be used for virtually any purpose which is both easy and convenient and allows you greater flexibility.
Personal loans can be used for virtually any purpose such as:
- Tax bill funding
- School fees
- Home improvements
- Weddings
- Holidays
If you have a number of existing agreements, credit card balances and other regular finance overheads, a consolidation loan may be the way forward.
Benefits of consolidation and refinancing:
- Combines finance commitments
- One monthly payment
- Over a term to suit
- Simplifies cash flow
- Improved budget control
When buying into or starting up a new business, you may need to borrow funds to support the purchase or invest in renovation.
Veterinary business loans can be used for:
- Acquisition finance
- Refurbishment projects
- Capital injection / release
- Buy in / buy outs
VAT loans allow you to spread the cost of your tax liability into affordable monthly payments.
Benefits of a VAT loan:
- Take the pressure off working capital
- Smooth cash flow peaks and troughs
- Fixed monthly payments
- Quick and simple to arrange
- Can be paid directly to HMRC
- Equipment finance
- IT finance
- Vehicle finance
- Client finance: Fast Track
Veterinary equipment finance can be used for profession specific equipment as well as provide funding for a total refurbishment.
We can deal directly with suppliers on your behalf, allowing you to concentrate on your daily business.
We finance veterinary equipment such as:
- Veterinary tables
- Anaesthesia equipment
- X-Ray equipment
- ECG machines
- Ultrasound
- Practice furniture
- Respiratory ventilators
- Infusion pumps
- Video otoscopes
- Defibrillator
- Veterinary dental equipment
- Autoclaves
Our IT finance solutions ensure that any applicable tax advantages are taken into consideration when looking at the funding you require. All related costs can be combined under one agreement, offering easier management of your cash flow.
IT finance can be used for items such as:
- Updating hardware / software
- New monitors, keyboards and mice
- Scanners / photocopying machine
- Tablets and iPads
- Operating licences and renewals
- IT system installation
- Training
- Maintenance
We are experienced in all aspects of new and used vehicle finance. We can help you upgrade your existing vehicle, buy an additional car or a fleet for your business and we can provide a finance package, incorporating balloon payments or refinancing, whatever your circumstances require.
Vehicle finance can be used for:
- Buying a second car
- Change of existing vehicle
- Purchase of a classic car
Our client finance Fast Track provides options which can be incorporated into your veterinary practice. Our Fast Track finance facility offers your pets owners funding for the procedures or treatment plans they require at a monthly cost they can afford.
Benefits include:
- Online application available 24/7 for your clients
- Instant decision received
- Choice of interest free finance and interest bearing
- Enhanced service for your pet owners
- Improves cash flow
- Unforeseen expense becomes affordable
- Your business is paid at the beginning of the treatment
Click here for more information on Fast Track, our client finance product
View our step by step guide to incorporating Fast Track client finance into your business
Thanks to you (Steve Forsyth) and Braemar who have supported me and my business over the last 17 years. You have always been a pleasure to deal with, super efficient and speedy with the funds when we needed them.
Alison Jones BVetMed MRCVS
We have worked with Braemar Finance for over ten years and have been delighted with the service we have received.
Ashfield House Veterinary Hospital are always looking to invest in new equipment of the highest quality and Braemar Finance have always been able to provide a variety of funding options to enable us to achieve our objectives, all with an efficient, timely, professional and friendly manner.
We consider the team at Braemar Finance to be an excellent business partner that will help drive your business forward. Thank you, keep up the great work!
Ashley Lovett
Practice Manager, Ashfield House Veterinary Hospital Limited
We would like to sincerely thank Steve and Braemar Finance. Having ordered a CT scanner as part of our practice expansion, our bank decided to deviate from the pre-arranged financial arrangements shortly after delivery.
Braemar answered our call for help and new finances were sorted smoothly, efficiently and with astonishing speed. In spite of our being in no position to negotiate they gave us a very good rate, honouring the rate quoted at our preliminary enquiry many months previously.
In short, they saved the day and we are extremely grateful.
John Chitty
Anton Vets, Andover
We are a privately owned small animal veterinary partnership with over 100 clinics. Without access to the equivalent of an animal NHS our clients have to finance any of the work that we undertake themselves, and in some cases this can be difficult for them to afford if they do not have pet insurance.
We have been using Braemar for over two years now. Braemar loans are an attractive option for our clients as the interest rates are very modest and it gives them more time to pay off their account, thus helping their cash flow. It is also useful to have varying time periods over which they can pay back the loan depending on their circumstances.
Guy Carter BVSc MRCVS
Senior Partner, Medivet Partnership LLP
I have been using the services of Braemar Finance for the last 10 years for ALL of my equipment and vehicle leasing requirements. Their service has been excellent with speedy procurement of funds at the most competitive rates. When I have compared rates with other providers I have always found Braemar to be the most competitive and now no longer waste my time looking for comparisons. Braemar will continue to be my first port of call whenever I require finance for my business.
Mark G Hutchinson
Owner, The Dales Veterinary Centre, Otley
We have been using Braemar Finance for some years now to fund vehicle purchases in our Veterinary Practice. The Braemar team are always available on the end of the telephone to offer advice and a request for practice finance is always dealt with promptly.
Richard Edwards
Abington Park Veterinary Group, Northampton
I have financed my ultrasound equipment through Braemar. I dealt with Steve Purbrick who did an excellent job. I have dealt with a few finance companies now and Braemar were by far the most straight forward and efficient.
Charlie Pinkham
Pinkham Equine Veterinary Services, Surrey
Recently we have been able to offer our clients 0% finance deals underwritten by Braemar. This has helped many of our clients to spread the fees over an interval they are happy with and has allowed us to offer the very best of treatment for their animal. It also means the practice has the fees paid promptly. This creates an ideal situation for the client, the practice but most importantly the pet.
Richard Edwards
Abington Park Veterinary Group, Northampton
The paperwork required when applying for a loan is easy and simple to use. The electronic "loan calculators’’ are also easy to use to calculate repayments for clients. This makes staff training a pleasure.
I can recommend Braemar without hesitation because they are extremely reliable, we always get our payments through on time and they are able to assess any applications quickly and efficiently. They are also very friendly and easy to contact if we require advice.
Guy Carter BVSc MRCVS
Senior Partner, Medivet Partnership LLP