Independent Veterinary Lending Explained with Ashlee Moore, Pet Care and Veterinary Lender at First Financial Bank

In this episode of The Veterinary Insider Podcast, host Dr. Bonnie Bragdon is joined by Ashlee Moore, Loan Officer at First Financial Bank, to demystify the world of veterinary lending. If you've ever wondered about the intricacies of SBA loans, how to evaluate a practice for purchase, or how interest rates impact your borrowing potential—this conversation is for you! Ashlee shares her insights into financing veterinary practices, from understanding cash flow to spotting red flags in business valuations. They also explore expansion opportunities, pet resort investments, and how First Financial Bank supports independent veterinary practices. Whether you're considering ownership, expanding your clinic, or seeking financing tips, this episode provides expert advice and actionable steps to help you make informed decisions. Ready to learn the vital signs of a healthy veterinary practice and how to secure funding? Click here for the full episode: https://youtu.be/OB8IeMz5GWA #VeterinaryCare #PracticeOwnership #VeterinaryLending #PetHealth #VeterinaryPodcast #SBAloans #IndependentVeterinaryPractice #PetResorts #VeterinaryGrowth #FinancialPlanning

0:00 – Preview of Episode 0:20 – Introduction of Guest Ashlee Moore 2:28 – Inspiration to Become a Loan Officer 4:26 – Understanding Key Financial Metrics for Veterinarians 6:39 – Incident of Running a Personal Expense in the Business 7:46 - The Importance of Financial Documentation 9:40 – Checking and Verifying Numbers 10:44 – Reaching Out for Financial Leader 13:11 - Evaluating Practice Value and Seller Financing 16:00 – Navigating the Loan Process for Practice Acquisition 21:35 – Expanding Business Opportunities in Veterinary Medicine 23:56 – Exploring SBA Loans vs. Conventional Loans 26:12 – Current Trends in Veterinary Financing 28:36 – Right Time to Pay the Licensed Appraiser 31:47 – Advice for New Practice Owners 34:29 – Advice for Current Practice Owners 37:03 – Conclusion and Final Thoughts The podcast for veterinarians who own their medicine, their profession, and their success. The Veterinary Insider podcast is powered by the Independent Veterinary Practitioners Association and hosted by co-founder and immediate past president, Dr. Bonnie Bragdon. The IVPA is the only association exclusively dedicated to keeping veterinary practice ownership a sustainable lifestyle and career option. Member benefits include discounts on products and services that drive practice profit, as well as opportunities to change the course of the veterinary profession.