Bonanza Cat Hospital has moved into a larger facility to serve its growing patient base, with funding from an SBA 504 loan through TMC Financing. The $958,000 loan allowed the hospital to expand into a new 6,883 square foot full-service cat hospital. The first lender on the loan was Chase Bank.
“An SBA 504 loan is great for a facility like this, because it requires only 10 percent down,” said Cindy Santilena, senior vice president for TMC Financing’s Southern Nevada office. “For growing businesses an SBA 504 loan allows you to keep the cash in your business, continue operations with no downtime and cover moving expenses. It is also a good option for small business owners that are currently leasing their buildings. You can own your own building, which is an investment in the business, instead of making monthly payments to someone else.”
Bonanza Cat Hospital was founded by Linda Steelman in 1995. Steelman is also an advocate for cats, and founded the Poppy Foundation to help provide free and low-cost medical care for those who can’t afford regular veterinary services. She says cats are still underserved for health care, both locally and nationally.
“There are more cats in Southern Nevada than there were even 10 years ago, but fewer vet visits for them,” said Steelman. “People don’t take cats to the vet because the cats get upset when they get in the car, and because cats don’t tell you when something is wrong like dogs do.”
“Veterinarians across the country are educating pet owners on how to bring their cats to the vet,” she said. There are things you can do to keep track of your cat’s health and be aware when something changes in their behavior.”
The first is appetite. “How much is your cat eating?” said Steelman. “That is the number one sign that there is something wrong. Keep track of how much your cat eats so you know if they are eating less or more than usual.”
Another indicator of feline illness is body weight. “Use a baby scale or weigh your cat in the same container on the same scale every time,” said Steelman. “Ounces matter. You should weigh a young cat every six months and an older cat once a month.”
Steelman recommends bringing cats into the vet every year for a check-up. “One of the biggest barriers for cat owners to bring them in for visits is that they get very scared,” she said. “If you get a cat when it is young, we recommend taking them in the car for reasons other than vet visits, so they don’t always associate the car with a shot. Cats are very smart and have long memories. They don’t forget the last time they had a bad experience!”
Steelman says she loves the challenge of working with cats. “I love their idiosyncrasies,” she said. “It’s a different kind of vet practice. In general, cat vets spend a lot more time with the patients and their parents. I love cats and enjoy working with them every day.”
Bonanza Cat Hospital expanded with the help of TMC Financing’s SBA 504 loan program. The hospital is now located at 6620 Sky Pointe Drive, Units 110-130 in northwest Las Vegas. The facility is 6,883 square feet and includes a 24-hour full-service hospital.
About SBA 504 Loans
The U. S. Small Business Administration (SBA) 504 Program offers businesses below-market, fixed rate financing for the acquisition, renovation or construction of commercial real estate. SBA 504 loans provide long-term stability for businesses with the ability to retain working capital, which can be used to further grow the business and create new jobs. The typical loan structure for an SBA 504 loan comes from a first mortgage with a conventional lender and a second mortgage from a certified development company (CDC).
About TMC Financing
TMC Financing provides Small Business Administration (SBA) 504 real estate financing and is the leading Certified Development Company (CDC) in Northern California and Southern Nevada. During the past 30 years, TMC has provided over $7.5 billion in SBA 504 financing for more than 4,500 businesses. This financing has resulted in the creation of over 33,000 jobs. TMC has been ranked in the top five Certified Development Companies nationwide for over a decade. TMC's experienced team works directly with borrowers, lenders and real estate brokers to tailor financing packages that meet SBA program guidelines and the borrower's credit capacity. For more information, visit tmcfinancing.com.