Denver Broncos embarrased by the New England Patriots

What does Denver Bronco's loss to the Pats have to do with SmartStart? Nothing directly except what you think you know last week isn't necessarily what will happen this week. So too is the veterinary lending market. For years we have seen very methodical although sometimes frequent alterations in lending requirements. This week however we are seeing an almost fly-by-the-seat-of-your-pants approach to cooking up new lending terms. A recent practice borrower who inquired with 4 prominent veterinary lenders receive vastly different proposals, including large down payment requests, seller guarantees and requests for deposits, and other new lending terms. According to the borrower one lender has refused to provide details on the exact interest rate, loan fees and other important terms as though they themselves remain unsure. If you had a chance to buy a veterinary practice earlier this year and didn't you might be kicking yourself now. One thing we know from the past month is fear runs amuck in all lenders currently, and turbulent borrower times will progress for a number of months. There is a lot of bait and switch going on with loan proposals. Borrowers be very cautious right now and GET IT IN WRITING!