Question 1

What practice equipment can be funded?

Accepted Answer

Dental chairs and surgeries, imaging and X-ray, ultrasound, scanners, sterilisation, ophthalmic and veterinary equipment, plus practice fit-out and surgery refurbishment.

Software, patient management systems and IT can generally be included in the same facility.

Question 2

Can a practice fit-out or refurbishment be included?

Accepted Answer

Yes. Surgery build-outs, cabinetry, flooring, decontamination rooms and the plant behind them can be funded, usually over five to seven years so the payment sits comfortably against practice income.

Question 3

Can associates and newly acquired practices apply?

Accepted Answer

Yes. Healthcare is one of the sectors where funders lend readily to newer businesses, because professional qualifications and patient income are seen as dependable. A recently acquired practice with historic accounts behind it is treated as an established business rather than a new start.

Question 4

How is equipment obsolescence handled?

Accepted Answer

For imaging and diagnostic kit that dates quickly, an operating lease or a term with a balloon lets you hand back or upgrade rather than own an ageing machine. Where the equipment has a long working life, hire purchase and outright ownership usually works out cheaper.

Question 5

I have never used a finance broker before. Is it more hassle?

Accepted Answer

Less, in our experience. You complete one application and one conversation with us. We then approach the funders on your behalf, rather than you filling in separate forms for your bank, the dealer's finance arm and anyone else you might have approached. We handle the paperwork, the funder's questions and the chase-up, and we come back to you with the options set out plainly. You keep the decision; we do the legwork. It also protects your credit file. Rather than several lenders searching you in a short space of time, we place the proposal with the funders most likely to say yes to that particular asset and business.

Question 6

What types of assets can be funded?

Accepted Answer

Broadly, anything identifiable, durable and used for business purposes. In practice that means: tractors; combines and harvesters; balers, mowers and forage equipment; telehandlers and loaders; ATVs, side-by-sides and utility vehicles; grain handling, storage and drying plant; livestock housing, feeding and handling equipment; milking parlours and robotic milking systems; irrigation and water management; groundscare machinery including greens mowers, fairway units, sprayers and top dressers; construction plant such as excavators, dumpers and rollers; commercial vehicles, vans and trailers; solar arrays, battery storage and other renewables; and IT, software and telematics. If an asset is unusual we will say so early. Specialist or bespoke equipment can usually be funded, though the funder panel narrows and the structure may differ.

Healthcare finance

Finance for every category of healthcare equipment

Healthcare equipment we fund every week

Categories we regularly fund

Healthcare finance: common questions

Ready to fund healthcare equipment?