Login ›
Follow The 504 Company on Facebook Follow The 504 Company on RSS

Latest 504 News

Recently Funded Deal: Veterinary Clinic

Recently Funded Deal: Veterinary Clinic

THE 504 COMPANY ASSISTS VETERINARY CLINIC WITH EXPANSION PROJECT

 

 

 

 

Situation:

A Livingston County, NY-based veterinary clinic needed funding to construct a new one-story building and garage. Additionally the owner needed to finance surgery room equipment, kennels, a security system and furniture. After discussing the deal with their bank, they were referred to The 504 Company.

Solution:

An SBA 504 loan for $393,884 combined with a conventional loan for $492,355 provided the business with the funding needed to move forward with their expansion project. The loan was also able to provide funding to the clinic’s need for more equipment which positively affected the patient flow. 

Impact:

The business has gained revenue and grown as a result of the expansion; they’ve doubled their equipment and increased the size of the waiting room. Additionally, the project created four jobs and the business now supports eight total employees.   

Have a deal to discuss? Contact a loan officer today. 

Share this post