Providing Veterinarians with Working Capital
Loans for their Veterinary Practices.
Need Working Capital for your Practice?
you need the cash to grow your Veterinary Practice,
Coffman Capital is there to say YES! We provide
up to $150,000 of additional working
capital for your veterinarian practice, unsecured,
at around 8.5% interest for a term of
7 years with no prepayment penalty.
Minimum requirements for Working Capital Loan:
- Existing Veterinary
FICO Credit Score of 640+ for amounts up to $100,000
- FICO Score of 680+ for amounts $100,000-$150,000
- Maximum Working Capital Loan Amount: Up to 30% of gross revenues for immediate past year reported on tax return; Minimum working capital loan is $50,000
Profit Requirement: Must have been profitable in prior tax year (can add-back depreciation and officer salary)
Term: 7 years full amortization
Interest Rates Vary depending on personal and business credit score and other factors. APR varies with fees not charged by Coffman Capital.
Prepayment Penalty: None
Auto Debit (EFT) Payments: Required
Documentation and Information Required for Working Capital Loan:
Completed Express Loan Application with original blue ink signature - see Working Capital Application
- Signed and dated Coffman Capital Agreement
3 Months Business/Corporate Bank Statements
- Articles of Incorporation
& Bylaws of Veterinarian Practice (unless Sole Proprietor)
2 Years Complete Business/Corporate Tax Returns
2 Years Complete Personal Tax Returns
Current Interim Financial Statement (Income Statement/Profit & Loss and Balance Sheet) dated within 60 days of submission of Working Capital Loan Application
- Form 4506-T signed and
dated (please do not fill in other blanks) - see 4506-T
Copy of Applicant's Drivers License - required by Patriot Act
Signed Authorization to review credit report
COFFMAN CAPITAL INC
108 S. Bayview Blvd., Oldsmar, FL 34677
Copyright 2005-2016. All rights reserved.
Coffman Capital provides loans and financing to
for practice acquisition, practice startup, practice expansion,
practice improvement, working capital, equipment leasing, debt
consolidation and real estate. Coffman Capital works with practice
transition specialists, practice sales brokers, and practice management
consultants to assist them in providing loans to Veterinarians.