How Pet Financing Benefits
Enjoy $0 Vet Practice or Animal Clinic Fee Options!
Offer the lowest payments for large vet bills or dog services, easy and simple!
- $0 merchant fees
- 12 to 72 month terms
- 6 to 24 month promo offers
- 9.99% APR
- Greater case acceptance
- Approvals up to $60,000
- No prepayment penalties
Pet and Dog Surgeries, Treatments & Vet Services
Spay and neutering, Surgical procedures, Hip dysplasia surgery, Dental extractions, Benign skin growths, Tumor removal and more
Emergency Pet Care
Accidents, Sudden medical emergencies
Annual check-ups, Teeth cleaning, Medications, X-Rays and Labs Work, Diagnostics, Parasite removal, Vaccinations, Chronic Disease or Condition Treatment and more
What are the benefits of pet financing with PowerPay?
There are a number of benefits that both pet owners and veterinarians can enjoy when using PowerPay for pet financing.
For starters, PowerPay offers low-interest rates and no pre-payment penalties. This means that the cost of veterinary procedures can be spread out over time without having to worry about added interest fees or penalties.
In addition, PowerPay offers a number of flexible repayment options. Pet owners can choose to make weekly, bi-weekly or monthly payments. This flexibility makes it easier for pet owners to budget for their pets’ medical expenses and also helps to build loyalty with your veterinary practice.
Another great benefit of PowerPay is that there are no hidden fees or costs. All of the fees associated with the loan are disclosed upfront so there are no surprises down the road. In addition, PowerPay offers a quick and easy application process that can be completed online or over the phone.
Lastly, PowerPay is a great option for those who may not have good credit, as they offer financing to pet owners with all types of credit and perform soft credit pulls.
How does a PowerPay loan and financing work?
Vet practices and animal hospitals work with a company like PowerPay to provide financing for patients who need surgery or other treatments for their pets.
The process works like this: the practice or hospital will contact PowerPay to let us know that a pet needs treatment that costs more than $500, or the pet owner can contact PowerPay to apply for the loan directly. PowerPay will then work with the vet or customer to get all of the necessary information, including the cost of the treatment, the pet’s name and date of birth or adoption date, and so on.
PowerPay will then create a loan for the pet owner, which can be offered directly to the patient to put towards their bill. PowerPay will then disperse the money and pay the bill in full directly to the vet practice or animal clinic or hospital. Once loan money is received by the practice, office or hospital, the pet owner then pays the loan back over time, either in monthly installments or as a one-time payment to PowerPay. It’s that simple!
Our newest service, PowerPay Concierge, was developed to help veterinarians & animal specialists, clinics and hospitals maximize their consumer financing program. Having worked with over 6,000 merchants and thousands of borrowers, we took the most effective techniques and built a team that handles all aspects of a loan from application to funding.
Your concierge is your own personal finance manager that will help you sell, process, and close every one of your loans. This free program is available to practices that don’t have a finance team but know the value and importance of consumer financing.
of Americans have less than $600 in savings.
of veterinary service offices including practices, clinics & even animal hospitals report financing increases their average sale.
of borrowers feel financing allows them to afford the large surgeries and procedures their dogs & other pets need.
The Benefits of Offering Pet Financing to Clients of Veterinary Practices & Animal Clients
Surprisingly, not many pet owners are aware that they can finance their pet’s surgeries and other treatments at their veterinarian’s office or animal hospital. This is a great option for those who may not have the cash on hand to cover the cost of treatment, or for those who want to spread out the expense over a number of months.
This type of financing is also a great marketing tool that can help attract new clients to your vet practice or animal clinic. There are a number of companies that offer pet financing, so it’s easy to get started to help you build customer loyalty and create repeat business.
Specifically, what is pet health financing?
Pet health financing is a way for pet owners to finance the cost of their pets’ medical procedures and treatments over time. The cost of veterinary care has been on the rise in recent years, and this type of financing can help pet owners cover the cost of treatments that their pet may need, but that they may not be able to afford.
What services and procedures can be financed?
Any service or procedure that is offered by your veterinarian’s office can be financed. Veterinary care, such as vaccinations, routine check-ups, spaying/neutering, dental work, x-rays, and surgeries can all be financed through pet health financing. Some companies also offer loans and financing options for other services such as grooming, boarding, and daycare.
What’s the average cost of pet services and procedures that are financed?
The average cost of pet services and procedures that are financed vary depending on the type of service or procedure. However, some of the most common pet services and procedures that are financed include routine veterinary care, preventive care, dental care, and surgery.
How does insurance fit into this?
In most cases, pet insurance will not cover the cost of preventive care or routine veterinary visits. However, insurance will often cover the cost of more serious procedures and treatments. It is important to check with your veterinarian and your pet insurance company to find out what is covered.
What other payment options are available to pet owners?
There are a number of other payment options that are available to pet owners. They can pay for veterinary care out-of-pocket in the form of a check, or cash, by credit card, debit card, or even a personal loan. Some veterinarian offices also offer payment plans that pet owners can use to finance the cost of their pets’ treatments.
For those who can’t afford to pay for services out-of-pocket and want to avoid having to use a credit card, or taking out a personal loan, there are also financing options available to use specifically for pet health and related services. These types of loans offer several benefits to both pet owners and vet practices and clinics.
Offering Dog Financing for Veterinary Service Providers FAQ
How can I help pet owners finance their pet's vet bills?
Veterinarians and animal hospitals and clinics can partner with organizations that provide financing specifically for veterinary care. These organizations often have lower interest rates and longer repayment terms than other lending institutions. Plus, they often do not require credit checks or collateral.
Consult digital veterinary care lending partner PowerPay for more information on how to offer financing for your client’s vet bills.
What are some of the benefits of pet financing for vet practices?
There are several benefits of offering pet financing for dogs to your clients. Benefits include:
No hidden fees. When your clients finance their pet’s care through a third party, there are no hidden fees or costs for you, as the vet practice. This can be a great way to help keep your business running smoothly and without any unwelcome surprises.
Increased business. Offering pet and dog financing can attract new customers and means that more people will be able to afford the vital care their pets need. This is a great way to boost your business and ensure that you’re helping as many animals as possible.
Help patients afford care. One of the primary benefits of pet financing is that it helps patients afford the necessary care for their beloved pets. This can be crucial in ensuring that animals receive the medical attention they need.
Will it impact my client’s credit score if they apply for financing?
No, it won’t impact their credit score. When applying for a PowerPay loan, only a soft credit pull is performed which is simply a check of someone’s credit history for the purposes of evaluating a loan application, and therefore, doesn’t cause any dings to credit score.
So if your client is applying for financing, PowerPay will do a soft credit pull as part of the application process to give them an idea of what kind of interest rate they can expect on the loan, but it won’t have any negative impact on their credit score.
Do all vet clinics and practices offer financing?
Not all vet practices offer financing, but the best do and should. It’s an important service to offer because many pet owners may not have the money to pay for services their pets need upfront.
Vet clinics and practices that offer financing can help pet owners get the care their pets need without having to put it off or go into debt. Plus, financing can often be offered at a low-interest rate, which makes it more affordable for pet owners.
Who should consider using pet financing to help pay for vet services?
Anyone who needs cash to pay for pet services and care, anyone who wants to establish good credit, or who needs to save money now and pay later should consider using pet financing.
Paying for vet services can be expensive, and sometimes it’s difficult to come up with the money all at once. That’s where pet financing comes in. Pet financing is a way of paying for vet services over time, which can help reduce the stress of having to come up with a large sum of money all at once.
Financing can also help you build your credit history if you don’t have one already. And if you finance your pet’s care through a reputable company, you’ll save money on interest rates compared to other types of loans meaning it could be the perfect solution for your customers and their furry friends!
Head to our PowerPay FAQ for Veterinarians and Animal Practices to learn more about our financing programs, and answers to other frequently asked questions.