Acquiring an existing veterinary practice is a great way to grow your business or become a practice owner. Live Oak can offer funding for the acquisition of the business assets as well as the real estate. With minimal equity requirements and creative lending solutions, Live Oak’s veterinary lending team is ready to provide you with superior service and advice when you’re ready to buy a veterinary clinic.

Just as your clients need a veterinarian who knows what they’re doing to provide top-notch care for their pets, you’ll want a lender who is seasoned in veterinary practice acquisitions. With our industry experience and network of contacts, Live Oak Bank is that lender. We will guide you through the loan process and provide resources to ensure a successful transition—even after the loan closes.

Here’s what you can expect from your dedicated veterinary lending team after you’ve reached out to tell us about your acquisition project. There are no upfront costs or fees for our pre-approval and underwriting processes.


Our veterinary lending experts will talk to you in detail about your acquisition plans, then send an email with application forms. Once the application is received, you can expect 24-48 business hours to determine if you are for pre-approved on your loan request. During that time, we will be conducting due diligence on our end, including running a preliminary cash flow analysis as well as a credit pull. If pre-approved, the loan officer will then issue a proposal letter to you with rates, terms, and all collateral requirements.


Once the proposal is signed and returned, your underwriter will work alongside a credit officer to obtain final approval for your loan. We know that all acquisition deals are unique, so although technology streamlines our process, all of the credit decisions are made after careful consideration from our team of lending experts. On average, underwriting takes one to two weeks, and if approved, you will receive a commitment letter outlining the details of the approval.


Once you have returned the signed commitment letter, your loan will be assigned to a veterinary loan closing specialist. Closing takes approximately 45-90 days, depending on if there is real estate involved. Your Live Oak lending team will work closely with you to close your loan, but we know the hard work doesn’t stop there. As our customer, we want to support you to ensure a successful transition and will be there to provide financial guidance throughout the life of your loan.

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Acquisition Guide

Consider this guide veterinary practice ownership 101. This free, downloadable resource will set you on a path to success for acquiring a veterinary practice.

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