We all know the joy pets bring us. However, as much as we love our pets or furkids, we can’t bring them on our holidays.
Transport tickets will cost more if you bring your pet and some pets might be frightened by the huge movements and flight. Moreover, pets are also not allowed on public transport or in hotels in some foreign countries as well.
That’s why pet hotels or pet accommodation centres have appeared. There is a market and family or medical emergencies might also cause pet owners to look for pet hotels or pet boarding centres. At SBL Singapore, we understand how difficult it is to keep such a business running.
With that, we introduce our Pet Hotel / Pet Boarding Business Loan.
Running a pet hotel or pet daycare incurs high costs. Sometimes, customers may leave a dangerous or aggressive pet with you that might hurt your employees or break your equipment. Other times, a prolonged stay might require the services of a veterinarian.
Add to that the costs for rent, cleaning, and walking services and you can easily find yourself tied up in a bow of debt if you’re not careful. Of course, your budget also includes marketing expenses, paying the monthly salaries, taxes and so forth.
A year ago, we at SBL Singapore helped Mrs Liv and Mr George Ooi rebrand their pet hotel / pet daycare business. Their pet hotel offered pet daycare and boarding services. There are a lot of pet hotels in Singapore, which is why it is so difficult for potential customers to choose you.
As it happens, many of these hotels offer accommodation for dogs and cats, along with other typical pets, such as rats, rabbits, or birds. But Mrs and Mr Ooi wanted to do something out of the ordinary, and create a pet hotel for exotic animals.
Some of these animals need special containers, while others need more privacy. That’s why the Oois’ had to invest in a remodel, apart from a rebranding campaign. With our financial assistance, their business is now thriving after they have changed their mission and goals to connect with a new market.
SBL Singapore can also help you with our personalised Pet Hotel/ Pet Boarding Business Loans. Our business loans are affordable and take your best interest into account. Our team works to devise the best financial plan and helps you cover the costs for:
- Marketing, PR and advertising campaigns
- Staff hiring
- Licenses and permits
- Veterinarian fees
- Dog, cat, animal food and soap
- Animal treats
- Animal cages, leashes and toys
Launched in February 2018, SBL Singapore aims to provide greater financing and funding to all local businesses, no matter the size. Other than funding, SBL also gathers many mentors in the pet care and pet boarding industry through our Coach-and-Go programme to help local businesses grow and enter the overseas market.
With a Pet Hotel / Pet Boarding Business Loan, you pay for an inexpensive and reasonable rate of interest on regular monthly settlements. This leaves you with enough capital and funds to remain competitive and better your business. Also, you will receive the mentor-ship assistance and operation assistance that you require.
- Max Loan Amount$1,000,000
- Min Years to Qualify0.5
- Min. Annual Turnover< $100,000