Recently Funded Deal: Veterinary Clinic
THE 504 COMPANY ASSISTS VETERINARY CLINIC WITH EXPANSION PROJECT
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.
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.
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.
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