Expansion and Acquisition of Business and Real Estate
I wanted to relocate my practice, expand my career objectives and build my own facility, so I sold my North Florida leasehold practice and relocated to South Florida. After finding a suitable property, USMF helped with the land financing. Unfortunately, I discovered a local zoning restriction that didn’t allow me to build my own facility, so I desperately needed to purchase another piece of property or an existing veterinary facility. I finally found a boarding facility in an excellent location, but the purchase price of the business and real estate was higher than any funding source was willing to lend me. The local bank I was working with recommended a program that really didn’t fit my needs, so I was stuck between a rock and a hard place.
USMF not only helped facilitate my land sale, but they structured a unique, customized SBA loan for the boarding facility and real estate purchase. By combining seller and lender financing, USMF created a program with a minimal capital injection that the local bank was not able to match.
After working with USMF, I’ve fulfilled my goal of relocating and expanding my career objectives. By combining veterinary services with an existing boarding facility (pet resort), my practice is flourishing. I now own a successful veterinary business that continues to grow monthly, and is ideally located. The service, advice and expertise I received from USMF was outstanding. Without their help, I might have made the wrong decision. Thanks to USMF, I’ve made the right decision that will last a lifetime.-Scott Gregory, DVM, Naples Safari Animal Hospital (Naples, FL)