What is dental equipment finance?
As a dentist, you might realise the need for the upgradation of the place where you practice. It might require you to purchase new equipment to replace the older ones. You can get these dental tools without any cash outlay by opting for suitable financing.
You need not have to pay the money at one time. Such an arrangement lets you break down the payment into a monthly pattern. It is affordable to expand your dental practice without extracting a big chunk from the working capital as suitable deals at attractive dental equipment finance rates are at your disposal.
Our services came into existence to help you pick a legit offer from a reliable lender. You can get in touch with one dental finance company or more through us. Instead of wasting time on a random search, you can rely on our network of lenders.
This practical funding solution enables you to get a wide variety of equipment for your dental laboratory without worrying about the cost. Use dental equipment financing for the purchase of different instruments like:
Dental operatory lights
Practice management systems
Dental Suction Systems
Tooth Whitening systems
Monitor and IT equipment
Dental Practice Furniture
Benefits of Dental Equipment Financing
Selection of the right financial solution lets you reap the benefits of the technology for the betterment of your dental practice. Such initiatives are pivotal from a growth perspective. You can easily shortlist the most cost-effective offer by comparing different proposals.
Explore dental equipment financing options in the UK by reviewing different offers with us. Take advantage of financing in different ways like:
Steer clear initial and outright expense: Purchase of new dental instruments will not cause a dent in the cash flow. The finance providers will take care of the purchase payment, thereby helping you take a step towards growth. Now, you can add equipment to your clinic without making an initial payment.
Get what you want: At times, you consider compromising on the quality of the equipment due to a restricted budget. Financing facilitates purchasing the best equipment for your dental lab. It will ultimately help you treat patients in the best way.
Working capital remains untouched: With guaranteed access to dental financing, you need not have to disturb the business cash reserve. You can use the funding to buy equipment while completing the day-to-day operations with working capital.
Enjoy tax benefits: You will be happy to know that a few finance solutions come with exclusive perks accessible in tax benefits. You can claim benefits or allowances by opting for it.
Fetch fast return: When you use capital, you cannot expect a quick return. Nevertheless, it is doable when you choose the financing to get revenue-generating dental instruments.
Unbeatable interest charges: The best thing about filtering finance deals with us is you can avail of dental equipment finance at economical rates. Every offer will be before your eyes. You can easily compare rates and select the ideal offer.
You can even fetch finance to arrange for dental implant placement services. Shop around with us for the most budget-friendly finance package.
Settling up your dental practice with the right financing
Dental equipment financing has vast scope for the concerned businesses. For instance, many individuals seek the right and relevant business loans for dental practice. As the specialist, we find out the same by exploring the UK lending market. However, before that, we would like to give you some suggestions so you can walk around in the right direction.
Arranging adequate capital is vital to boost your earning as an owner-practitioner. You must not have enough savings to cover up the upfront costs, but there are TWO ways available in the market which we are making you familiar with.
Prepare a plan
The first step is to make a proper business plan before going ahead. It should mention your objectives, ways to achieve them, and the time to be taken. It will assist you a lot in getting the best financing. Evaluate the possibilities in the market and consider fitting your practice in it.
Moreover, your plan should also have the location, specialisation and strength of your team. Generally, dental practice costs around £100,000 to £500,000, involving design, fitting and equipment.
Exploring Financing Options
Various financing options are available for your dental practice based on your business plans, financial situation and personal ambitions. Here are the financial routes in which you can choose the most appropriate one:
Business loans: You can think of applying for a business loan to satisfy the desire for dental practice finance. However, lenders will look for certain things before granting you a loan. For instance, how much amount you want to borrow, how will you make the repayments, what your business goals are, and your credit history? Finding the right lender is not going to be tough for you, as we are here to do this with perfection (perhaps in a better way).
Personal savings: It can be an option only if you keep ample savings to finance your dental practice. It puts a positive impression on the investors that you can support yourself in settling your dental practice. Nevertheless, the costs of dental clinics are very much high and covering them with savings may not be possible. Therefore, we suggest you to go for unsecured business loans to arrange money for the initial investment of your dental practice.