Veterinary Practice Services

Solutions to meet the growing needs of your practice.

Choosing a career in veterinary medicine requires hard work, dedication, and compassion. Managing and growing your practice requires the same. At First Citizens Bank, we can help develop solutions to meet your practice and personal banking and financial needs, every step of the way.

Payments & Daily Operations

— Keep your practice running smoothly and maximize your cash flow

Financing Needs

— Access credit when you need it
  • Financing can be used for:
    • Practice buy-in or purchase
    • Equipment purchase or lease
    • Practice renovations
    • Real estate acquisition
    • Working capital financing
  • Small Business Administration (SBA) Loan options available

Manage Risk2

— Address management risks and asset protection

Practice Investments

— Balance your risks and returns
  • Business Investment Sweep Accounts2
  • Institutional Investments2

Employee Benefits2

— Attract and retain the best employees with comprehensive Employee Benefits Services
  • Retirement Plans
  • Group Health Benefits
  • Discounted Employee Banking Services
  • Personal Insurance (Life, Auto, Home)
  • Non-qualified Compensation Plans

Still in School?

We can help you manage your personal finances now, so you can focus on your dream of becoming a doctor of veterinary medicine. First Citizens personal checking accounts and credit cards are a great way to start.

Starting a New Practice?

We offer Small Business Administration (SBA) loans, which may help you start your veterinary practice.

Purchasing an Existing Practice?

We offer flexible options to help you purchase an existing practice.

  • Finance up to 100% of the purchase price
  • Repayment terms up to 10 years
  • SBA Loan options are available for longer term requests, franchises and less established practices

Buying into an Existing Practice?

We can help you buy in to an existing practice as a partial owner.

  • Finance up to 100% of your practice share
  • Repayment terms up to 10 years

Refinancing Existing Practice Debt?

We can help you refinance your initial practice debt.

  • Refinance the remaining term on existing practice debt for up to 10 years
  • SBA Loans are also available, with options to consolidate debt

Making Leasehold Improvements and Renovations?

First Citizens offers a variety of financing options to help you expand or renovate your leased or owner-occupied practice facility.

  • Finance up to $500,000 to improve your practice or facility
  • Repayment terms up to 10 years

Purchasing Equipment?

Consider our equipment financing and leasing options as an alternative to vendor financing.

Need Working Capital?

We offer options for loans, lines of credit and business credit cards to meet your practice needs.

  • Business credit cards with rewards
  • Revolving lines of credit below $50,000 are available for short-term working capital needs
  • Term loans up to $50,000 are available for long-term working capital needs

Financing Real Estate?

We offer a full range of real estate financing options.

  • Fixed and variable rate real estate loan options with up to 85% financing
  • SBA Loan programs for real estate financing are also available

Planning for Life After Veterinary Practice?1

If you’re planning to sell your practice or preparing for retirement, First Citizens Wealth Management can help.

  • Overview of experience and education
  • Copy of your license to practice veterinary medicine
  • Two years of financial statements and tax documentation for all guarantors
  • For practice purchases you will also be asked to provide three years of tax returns for the practice and a copy of the purchase agreement
  • Practice purchases require additional documentation regarding ownership and staff transition planning
  • Practice refinances require original amount financed, repayment term, remaining term and the name of the financial institution providing the current financing
  • Practice buy-ins require the percentage of ownership you will hold, and the amount of any outstanding existing practice debt