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MON-FRI: 8:00-9:00 PM EST
SAT: 8:00-4:00 PM EST
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(437) 777-5901
(437) 777-5901
Canadian veterinary clinics often need to add imaging, surgical, dental, or lab capabilities long before retained earnings catch up. If your file sits in B/C/D credit territory—new corporation, uneven cash flow, past late payments, or thin financials—banks may hesitate. That doesn’t mean growth has to wait. With the right structure, private lenders will approve and fund essential equipment quickly, while keeping payments predictable.
As both a financing partner and a seller of select commercial assets, Mehmi Financial Group structures deals for clinics across Canada: milestone funding to vendors, soft-cost bundling (install, training, IT), and practical covenants. Decisions can be fast when the file is packaged properly. If you’d like tailored help, feel free to contact our credit analysts for a confidential review.
Private and non-bank lenders underwrite more than a number on a bureau report. They focus on:
If the clinic’s cash is tight during ramp-up, we often layer in complementary tools: Financing & Leasing as the core, plus Refinancing & Sale-Leaseback on owned assets, a revolving Equipment Line of Credit, or even Invoice Factoring if you carry receivables.
When our own inventory or vendor network has suitable refurbished units, we can sell and finance the package directly to simplify timelines.
Run a quick comparison with our calculator and we’ll price FMV vs. buyout options side-by-side.
Step 1 – Scope the package.
List the devices, vendor quotes, and soft costs you’d like to include (install, training, IT). We’ll advise what’s financeable today vs. phase-two.
Step 2 – Pick a structure.
We match FMV or $10 buyout to your goals. For ramp-ups, we may recommend step-up payments (reduced for the first 3–6 months).
Step 3 – Build a utilization story.
Document the clinical demand: expected cases per week, fees, and payor mix. Even a one-page model helps.
Step 4 – Package the file for a private lender.
6–12 months of business bank statements, YTD interims, last filed year, and guarantor basics. We focus on cash-flow coverage and remove noise.
Step 5 – Secure indicative terms.
We obtain offers across our panel and align covenants (insurance, maintenance) to your workflow.
Step 6 – Vendor coordination & milestones.
Deposit → delivery → installation → acceptance certificate. We pay suppliers on milestones; you don’t float large progress payments.
Step 7 – Close & revisit.
After 12–18 clean payments, we can explore a refinance to reduce rate or extend term. See Refinancing & Sale-Leaseback.
Don’t have everything? Send what you have—our team stages the rest so underwriting doesn’t stall.
For working-capital buffers around launch, explore a revolving Equipment Line of Credit and keep factoring as a contingency: Invoice Factoring.
Startups / New PCs. Strong guarantors and a credible schedule of services (e.g., dental, ultrasound days, block pricing) matter more than perfect financials. Phase the wish-list into two draws if needed.
Clinic acquisitions. Use sale-leaseback on inherited equipment to free cash for capex and client retention offers.
Multi-location groups. Pre-approved SKUs and progress-funding simplify rollouts. We standardize per-room monthly cost and coordinate milestone payments to vendors directly.
Core path: Financing & Leasing for equipment, with optional Refinancing once performance stabilizes.
Refurb/demo can cut cost 20–40% with minimal compromise when quality is verified. Private lenders typically ask for:
Where our inventory fits your spec, we can sell and finance in one package—one set of documents, one timeline.
Bundling these “invisible” costs keeps cash free for staffing, marketing, and inventory—critical in the first 90 days after launch.
Situation. A two-vet clinic needed a DR system, anesthesia upgrade, and new surgery lighting—$162,000 all-in with install and training. Credit file showed past delinquencies during a relocation year; cash flow had stabilized but year-end profit was thin.
Approach. We proposed a 60-month FMV lease with a 3-month step-up, bundled install/IT, and a sale-leaseback on a paid-off autoclave to reduce the advance. Milestone payments were scheduled: deposit → delivery → acceptance.
Outcome. Approved and staged within the month. Surgery throughput improved; after 14 clean payments, we refinanced to trim the rate—monthly cost dropped ~8%, freeing budget for a part-time RVT.
Can I get approved with credit below 650?
Yes—especially with stable deposits, verified demand, and a strong guarantor. Expect first/last in advance or a modest down payment.
Do lenders finance refurbished veterinary equipment?
Yes, with proper documentation and warranty. Inspections are common on higher tickets.
Can I include installation, training, and IT in the same lease?
Often yes. Many lenders allow soft-cost bundling so your project isn’t cash-starved mid-install.
How fast can the vendor be paid?
With a complete package, private lenders can issue quick approvals and pay on delivery/acceptance. We coordinate milestones so you don’t front large deposits.
Can we lower payments later?
Usually. After 12–18 on-time payments, we review refinancing options to reduce rate or extend term.
If you’re weighing FMV vs. $10 buyout—or deciding which items to phase first—feel free to contact our credit analysts for tailored guidance. You can estimate monthly payments in minutes with our calculator or start a conversation here: Contact Us.
Helpful links:
Financing & Leasing • Refinancing & Sale-Leaseback • Invoice Factoring • Line of Credit & Working Capital • Calculator • Contact Us
Written from the lens of a Canadian credit analyst. Mehmi Financial Group provides equipment financing, refinancing, invoice factoring, and working-capital solutions across Canada—and can sell and finance select commercial assets directly when inventory fits your needs.
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