The healthcare sector encompasses optical, dentistry and health and beauty/aesthetics. If you are looking to grow your business, or acquire much needed equipment, cash flow doesn’t have to be a blocker to growth. With funding for your healthcare business you can finance a range of equipment and assets and allow your business to grow.
But what exactly is asset finance, and how can it help your healthcare business?
What is asset finance?
Asset finance is a finance option which allows businesses to acquire much needed equipment without having to pay upfront. Instead of buying the asset straight out, you will pay a regular amount to use the asset over an agreed period, avoiding the full cost of buying outright.
Waiting until you’ve got enough cash upfront to purchase an asset can slow down your business growth, which is why asset finance can be so valuable to a business: it allows you to obtain the assets you need for your business without having to wait.
What can healthcare businesses use asset finance for?
You might be surprised by the range of assets that can be financed for the healthcare sector. We’ve given some examples of assets that can be finances for opticians, dentists, and aesthetics companies. These are not an exhaustive list though, and if you’re looking to finance a particular asset a business finance broker who specialises in funding for the healthcare sector should be able to help.
Asset finance for dentists
Owners of dentistry businesses can use asset finance to acquire equipment such as:
- Dental Chairs
- Dental Lights
- X-Ray Machines
- Surgery Fit Outs
- Dental Practices
- Practice Refurbishments
Asset finance for opticians
Opticians can use asset finance to acquire equipment such as:
- Test room equipment
- Practice fit outs
- Practice refurbishments
- Optometry equipment
- Eye scan equipment
- Test Chairs
- Auto refractors
- Fundus Cameras
- Field Screeners
- Slit Lamps
Asset finance for beauty and aesthetics
Owners of beauty or aesthetics businesses can use asset finance to acquire equipment such as:
- Clinic refurbishments
- Clinic Fit outs
- Aesthetic equipment
- Clinic equipment
- Treatment Chairs
- Skin rejuvenation equipment
- Body Sculpting equipment
- Tattoo removal laser
- Hair removal laser
- Micro-needling equipment
Is my healthcare business eligible for asset finance?
If you have a business that can meet its financial obligations, then you are eligible for asset finance.
However, finding the best asset finance options with the most competitive rates can be time-consuming and complicated. That’s why it is always a good idea to speak to an experienced financial facilitator who is well-versed in asset finance and has an extensive network of asset finance providers. For example, PMD works with around 150 finance providers who all specialise in certain asset types. These funders all provide specific facilities that will not affect your bank borrowings.
How PMD can help with finance for your healthcare business
PMD is experienced in working with the healthcare sector. We work with over 150 lenders and can open up a number of flexible, independent and competitive funding lines to drive your business forward.
PMD takes the hard work out of securing business finance, liaising with funders on your behalf to ensure the best possible terms are secured, leaving you free to focus on running your business.
If you work in the healthcare and medical sector and are considering business finance options, get in touch today to see how PMD can help.