Medical & Dental Equipment Finance

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  • Expand your treatment range
  • Use the latest technology
  • Invest in patient facilities
  • Buy new equipment
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  • Both a lender and broker
  • Medical & Dental industry finance since 2007
  • Expert personal service
Spread the cost of new equipment

Medical, Healthcare and Dental Finance

Portman has supported medical and dental clinics to develop and refit surgeries and practices, and keep up with the latest technological advances in diagnostic and treatment equipment. In the wake of COVID, our flexible and bespoke funding solutions are being applied to a broader range of needs as the sectors begin the road to recover lost ground.

How does it work?

Finance for Medical, Healthcare & Dental Equipment, Made Easy

We know that finance can sometimes be confusing and stressful, but what we do is simple.

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1. Get started in 1 minute.

Enquire without affecting your credit score.

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2. Understanding your business.

A dedicated account manager will discuss your needs and collect documentation.

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3. Our experts do the leg-work.

We find the right deals, complete applications on your behalf and get you a no obligation quote.

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4. Your no-fuss finance is funded.

If accepted, your assets will be bought and delivered or the finance released to your account.

Enquire today
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Bridge the gap with medical finance

The pandemic massively restricted access to many services in both medical and dental practices. Meanwhile, employment and infrastructure costs remained as high as ever. These factors combined to put pressure on cashflow for many in the sector. As we emerge to a more stable, manageable relationship with COVID, demand will likely increase once again. However, the pace of recovery could be dampened as sectors with a higher proportion of employees with access to health insurance, such as airlines, oil and commercial property, have experienced redundancies and businesses are likely to seek ways to reduce the cost of their employee coverage further. For dental clients, sharply rising living costs will, for many, mean checkups and less urgent care requirements will be de-prioritised – put off to another time. Portman can create a package of funding specific to your needs, including supporting cashflow during the coming months of recovery.

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Spread the cost of new equipment

This isn’t about being the cheapest, but private medical and dental care markets are competitive, and competition will only become more acute in the coming months. Private hospitals are creating package prices and fixed consultant fees for certain types of treatment and after care, which allows clients to compare offerings based on overall value. Equipment finance from Portman can be used to engage quality consultants to help you navigate this competitive landscape with compelling packages.

Our team of experts is ready to help

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Cater for rising numbers of overseas private patients

There is growing interest and demand in UK healthcare, which the private sector can capitalise on. The NHS is a less attractive route for such audiences as foreign patients are charged upfront (and of course, there are those long waiting lists). The UK’s private healthcare sector is therefore particularly attractive, especially to clients from the Middle East. To cater for this market, some larger practices have invested in their intensive care facilities. But all practices can increase their appeal, with support from Portman Finance Group. Investment in your digital footprint – a good website that is also available in Arabic for instance; an active social media presence; paid-for advertising and Google adwords. All combine to ensure you are being both seen by all potential markets and appealing to them directly. Investment in your premises to make them modern, comfortable and project a high quality brand is essential. And of course, having the latest state-of-the-art equipment and technology to underline your capabilities and compete with larger practices.

How we support Medical & Dental businesses

Private medical and dental care in the UK may be waking from a forced slumber, but there are opportunities ahead. As the NHS continues to struggle with COVID cases and a considerable backlog for treatment, the private sector will be increasingly called upon to take up the slack. Meanwhile, new markets, such as overseas clientele, present new opportunities, but if you are outside London, you will have to invest wisely to attract their discerning attention.

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Hire Purchase

Hire purchase usually involves paying the VAT and a deposit up-front. Fixed monthly repayments are then made, affected by whether you pay off the entire loan over the term or chose a final balloon payment. The final option to purchase is guaranteed for a nominal fee, transferring ownership of the asset to the customer.

Hire purchase is well-suited for situations where a company definitely wants to own the item at the end of the term, often where the asset has a significant usable lifespan, a high residual value and will not need to be upgraded.

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Lease Finance

Equipment leasing allows a business to acquire hard or soft assets without the upfront costs associated with large purchases. A lender purchases the item, the business then leases it through fixed monthly payments over an agreed term.

Typically, asset finance is provided for high value ‘hard’ assets such as machinery, equipment, or vehicles, but Portman also arranges asset finance for ‘soft’ assets such as IT, fitness, catering, or vending equipment, as well as premises fit-outs, furniture or even air-conditioning.

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Business Loans

Business loans are a way of borrowing money, which is repaid in monthly instalments, including interest, over an agreed term. Business loans are a common way to help smooth out cashflow fluctuations and take opportunities where otherwise they could be missed due to a lack of working capital.

Business loans can be secured or unsecured. Portman typically provides unsecured loans which can be more flexible and do not require collateral but are likely to require a personal guarantee. Secured loans are tied to an asset which the lender can claim ownership of if repayments are not made, these may be used in equipment refinance deals.

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Start Up Loans

New businesses often need an injection of finance to get them off the ground. Asset finance for new businesses allows you to focus on running your company and bringing in customers, confident that you have the equipment, vehicle or stock you need without the large initial outlay.

Using finance for your equipment means that you preserve the credit card or overdraft for contingency and operating expenses when the unexpected happens.

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Equipment Refinance

If you recently bought a high-value item outright but would now prefer to have financed it, we can help with a sale-and-lease-back agreement. If the item is less than 3m old, give us a copy of the invoice and we will calculate the current value. After a few checks and acceptance of the term and monthly repayments, we can give you the cash equivalent of the invoice to put back into the business. You’ll then make fixed monthly payments including interest, whilst your asset earns you money.

If your business owns high value assets that are not currently on finance, subject to a valuation, it is also possible to use them as security for a loan, with lenders offering a cash loan up to a % of the asset’s value.

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Recovery Loans

Recovery Loans offer an excellent way of making sure your business gets back on its feet after the long-term effects of the pandemic and subsequent supply chain disruption. Businesses with turnovers up to £45m, including those who have previously benefited from the government’s CBILS, BBL or RLS, can apply.

Recovery Loans can be used for any legitimate business purpose or simply to provide cashflow. Rates are capped and the government continues to guarantee 70% of the outstanding balance, giving added security for lenders who are now able to consider finance for businesses who may have previously found it difficult to obtain.

Up to £2m can be borrowed on terms from 2 to 6 years. Your personal private residence cannot be taken as security.

Explore Recovery Loans

Successful Medical businesses protect, invest and evolve.

Unlock your potential with Portman Finance Group.

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