Financing for pet care facilities
Daycare, boarding and grooming require specific facilities and permits that do not move easily. We help you explore capital to grow or financing to buy the property.
GROW™ — capital for your next stage
GROW™: up to $350,000, up to 10-year terms, no prepayment penalty and no specific personal collateral required.
What owners typically invest in
- Kennels, runs and play areas
- Grooming equipment and tubs
- Ventilation, drainage and odor control
- Booking software
- Hiring attendants and groomers
OWN™ — buy the building where you operate
Kennels, drainage, ventilation, sound insulation and play areas are expensive build-outs that are hard to replicate. Many areas restrict this use, so losing a lease can mean months without operating. Owning the property protects the investment and the location clients already know.
What lenders typically review
Lenders usually review how long the business has operated, its cash flow, the owners’ credit and boarding occupancy and service frequency. For GROW™, reference guidelines include three or more years in operation, a personal FICO of 650 or above, a minimum SBSS score of 165, personal and business debts current, repayment capacity with a minimum DSCR of 1.25x and no bankruptcy in the last seven years. GROW™ does not require specific personal collateral, though limited business collateral requirements may apply. To buy the property through OWN™, your business must occupy most of the building.
Frequently asked questions
Does zoning matter?
Yes. The lender and appraiser confirm the use is permitted, especially with overnight boarding.
Does capital cover remodeling care areas?
Yes, leasehold improvements are a contemplated use, subject to lender approval.
Can I buy the property I operate from?
In many cases, yes, if your business occupies most of the property, through OWN\u2122.
How much can I request?
GROW\u2122 covers up to $350,000, with terms up to 10 years and no prepayment penalty.
Related uses of capital
Every rent payment builds your landlord's equity. With owner-occupied SBA financing, you can buy the building you rent today and turn that monthly payment into an asset you own.
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The right equipment lets you serve more customers, work faster and offer new services. With working capital you can invest in it without draining your operating account.
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A renovated space attracts customers, improves their experience and helps you work better. With working capital you can make those improvements without slowing down daily operations.
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Find out what your business may qualify for
Answer a few questions and an advisor will review your case, with no obligation.
All financing is subject to approval, financial analysis and lender terms.