Veterinarians are borrowing big to create palatial pet clinics
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To start 2020, Morgan McDaniel fulfilled a lifelong dream: She bought her own veterinary practice, a financial leap that took a $4.5 million loan.
Then the pandemic hit, as did America’s pet adoption boom. Cat and dog parents kept asking McDaniel’s Montgomery Animal Hospital in Pineville, La., for more services. Could it provide long-term care for a dog’s torn ACL? Did it offer overnight boarding?
McDaniel decided she could, tacking on a $750,000 loan to expand her practice by more than two dozen doggy bedrooms, an exam room for specialty procedures and an artificial turf play…
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