Veterinary practices carry an unusual mix: consumer clients who often pay on the day, and pet insurers who settle on their own schedule. Add equipment that costs five figures before it earns anything, and the cash position rarely matches how busy the practice is.
Why a busy practice can still be tight
A digital x-ray or in-house analyser is paid for on order and delivers value over years. The invoice does not wait for that.
Insurer-funded work is treatment given now and money received later. A practice with strong claim volume is effectively lending to insurers every month.
What operators in this sector actually fund
- Diagnostic or imaging equipment bought outright rather than leased
- Bridging the gap on insurer-funded treatment
- Fitting out a second consulting room
- Recruitment and cover for a departing vet
- Stock of medicines and consumables ahead of a busy period
A £40,000 advance, both terms
Here is what a £40,000 advance looks like on our published rates:
| £40,000 advance | 20 weeks | 26 weeks |
|---|---|---|
| Approved advance | £40,000 | £40,000 |
| Arrangement fee (5%, deducted at funding) | −£2,000 | −£2,000 |
| Paid to your account | £38,000 | £38,000 |
| Factor rate | 1.48 | 1.55 |
| Total repayable | £59,200 | £62,000 |
| Weekly payment | £2,960 | £2,385 |
| Total cost on cash received | £21,200 | £24,000 |
Illustrative, using our published factor rates. Your own rate is set by underwriting and is stated in pounds on your agreement before you sign it.
Whether you qualify
Four minimums. Meeting them is not the same as being approved — it is the point at which applying is worth your time:
- UK limited company or LLP — incorporated and registered at Companies House.
- 6+ months trading — six months is the least we can work with.
- £25,000+ monthly turnover — consistent, and visible in the business bank account.
- Active UK business current account — this is where the underwriting actually happens.
Where the requirement is a single large equipment purchase you intend to hold for years, asset finance may cost less. We will say so rather than push an advance.
Why the decision being ours matters here
Practice accounts show heavy equipment spend against income that lands late, which scoring models read as strain. Where we fund from our own book, that shape is assessed as the clinical cycle it is.
Solvo funds £10,000 to £75,000 from its own book, usually within 24–72 hours of final documents. One decision, made by us — your file is not shopped around a panel. Above £75,000 we arrange the facility with a lending partner.
About 3 minutes. No obligation. Limited companies and LLPs only.
Frequently asked questions
Do you fund veterinary equipment?
Yes. Advances are commonly used for diagnostic and imaging equipment bought outright. For a single large asset you plan to hold for years, asset finance may be cheaper and we will tell you if that is the better route.
We are waiting on insurer payments. Does that count against us?
No. Insurer-funded work showing as delayed receipts is normal in this sector and is read as the trading cycle rather than as weakness.
Does the practice need to be a limited company?
Yes. We fund UK limited companies and LLPs only, with at least six months trading and £25,000 a month turnover.
How quickly could funds arrive?
24 to 72 hours from final documents. The clock starts when the file is complete.
Illustrative only. Solvo Funding is a UK direct lender for limited companies and LLPs and also acts as an intermediary for facilities above £75,000. Advances are subject to underwriting; meeting the minimum criteria is not the same as being approved and we cannot guarantee an offer. Finance for limited companies and LLPs is generally not regulated by the Financial Conduct Authority.