Human and Animal Health Professionals

Funding in the field of human and animal health professionals is a highly sought-after sector of financial institutions. Indeed, several bankers are inclined to offer financing in this area on highly competitive terms.

In this area, most banks will have a specialized department according to your field of activity and the challenge is to know the specialists in each of the financial institutions. In addition, some institutions will specialize in one particular area, but will be unable to serve you properly in another area. The expertise of a mortgage broker becomes of the most relevant. Several important elements are to be considered, including:

  • Your experience in the field
  • The location of your business
  • The clientele you are targeting
  • Immediate competition
  • Your specialization and the distinctive services you offer
  • A recognized or independent banner
  • Your financial capacity to inject into the project and financially support unforeseen events
  • The number of profitable years of existence of your business
  • Offered Guarantees

Equipment Financing and Leasehold Improvements

The funding percentage could vary by financial institution and range between 85% and 100% of the lesser of cost or market value.

Amortization will be based on the useful life of the investments, not to exceed 10 years.

Regarding the interest rate, you can choose a term varying between 1 and 10 years. The rate for this type of financing is not displayed by most banks. The interest rate will be defined according to the risks incurred by the financial institution according to the information provided. It will be fixed or variable.

The bank will also impose administration fees and possibly annual review fees.

Property Finance

The funding percentage could vary by financial institution and range between 70% and 100% of the lesser of cost or market value. To achieve the highest financing percentage, you will need to occupy at least 50% of the building’s living area.

Amortization can reach a maximum of 25 years.

As for the interest rate, you can choose a term varying between 1 and 10 years. The rate for this type of financing is not displayed by most banks. The interest rate will be defined according to the risks incurred by the financial institution according to the information provided. It will be fixed or variable.

The bank will also impose administration fees and possibly annual review fees.

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Your mortgage broker

Your mortgage broker will be your ally in order to obtain:

  • The highest percentage of financing to reduce your down payment
  • The longest amortization to reduce the impact on your cash-flow
  • The lowest possible application fees
  • Negotiating the best financing conditions on the market