21 June 2021
Since a large number of Canadians have been spending the majority of their time at home throughout the pandemic, many have decided to extend their family with the addition of a new animal companion.
The Canadian Animal Health Institute (CAHI) stated that 58% of Canadian households report owning at least one dog or cat. On top of this, according to the Canadian Pet Market Survey 2020, nearly half of all pet owners reported spending more on pet expenses since the pandemic began.
As the number of pet owners grow and pet expenditures increase, so has the demand for veterinary services across the country. The Globe and Mail reported that members of the Canadian Veterinary Medicine Association have seen a 10-30% rise in revenue over the past year.
With the growing demand for veterinary services, at a time when many Canadians have less disposable income, veterinarians can still capitalize on increasing their revenue while ensuring more of their clients have access to these essential services.
Financing that’s easy for practices and affordable for clients
LendCare offers a 100% online financing solution that is just as unique as the pets you treat. We understand that your customers don’t always have the means to pay upfront for procedures, especially when they are unplanned, yet necessary.
Partnering with LendCare allows your practice to offer financing directly on your website, or you can text/email loan applications to customers’ personal devices. Applications take only minutes to complete and deliver express credit decisions within seconds. Your customers pay us over time for their pets’ procedure or treatment, and we pay your clinic within 1-2 days.
This will help your veterinary clinic ensure your customers with limited funds don’t have to make tough decisions when it comes to helping their pet.
You can learn more about our Veterinary Financing Program by clicking HERE, or you can contact us directly to enroll today at: [email protected]
Whether you are an existing client or brand new to LendCare, you can access financing for automotive repairs, healthcare (including dental and vision), and trips to the vet.
You can learn more about—and apply for—our current consumer financing programs below.