Rangewell
Menu
Rangewell

Dental Equipment Finance: Funding deals to smile about

As dental specialist you need investment to succeed. We can help you find the most appropriate funding for your plans.

Speak to one of our experts020 4525 5312

Funding options

£

Hire purchase

  • HP up to 60 months
  • Rates from 6%
  • Ideal for long-term needs
  • Undercut "0% finance" deals from suppliers

Lease

  • Variety of leasing arrangements
  • Rates may reflect your professional status
  • No capital requirements
  • Competitive rates

Versatile

  • Reduce demand on cashflow
  • New and used assets
  • Lease any type of asset
  • Supports growth

Talk to the Rangewell team – the business finance experts

Your dental practice has many funding needs when it comes to equipment, but not all lenders will be able to help. We know the entire market, and can help you find the most appropriate lenders and the most competitive rates for your dental practice.

At Rangewell we recognise your professional status, and we work harder to find you better solutions - which can include 100% finance for many of your needs.

Dental technology is becoming ever more sophisticated

And the equipment you need for your practice is becoming ever more costly

Dental lasers, digital x-rays and photography combined with 3D modelling, and digital impression systems that replace putty, are all becoming mainstream. Your practice needs to offer them to remain competitive and offer your clients the highest standards of care - and they come at a high cost!

At Rangewell, we work with dental professionals across the UK - and we have found the finance solutions that can help your practice build a real competitive advantage.

Funding for dental equipment

As a dental practice owner, your professional status may make you eligible for a wide range of finance options. Secured and unsecured loans may be available for a variety of business purposes. However, at Rangewell we believe that asset funding solutions can often provide the most cost-effective solutions to provide the equipment you need.

Asset finance provides a number of ways to help you spread the cost of the equipment you want for your practice and includes solutions to let you buy outright or lease items of all kinds. Loans or leases are secured on the assets or equipment itself, reducing the costs to you and avoiding the need to put up any other assets such as your home as security.

The equipment you need, whether new or used, will be costly

Find out how to manage these costs effectively

Call us

Email

Schedule

WhatsApp

Hire Purchase

With hire purchase, you effectively hire your dental equipment until you’ve paid enough to purchase it.

You’ll normally pay a deposit, plus fixed monthly repayments. When you’ve made all the repayments, your business will own the equipment outright. This can be ideal for durable items that you will want for the long term.

Lease Finance

Leasing gives you full flexibility. You can regularly update equipment to ensure you always work with cutting-edge technology - such as laser whitening. In some leasing arrangements, you have the option to own the asset at the end of the term, upgrade it, or simply give it back.

You can also decide whether you want maintenance and insurance to be included and whether you need the item for its whole working life or a shorter, agreed period.

Asset finance can also provide funding for used dental equipment. It can mean paying even less for the key items you need.

Why you need Rangewell to find finance for your dental equipment

As a dental professional, many lenders will be happy to lend to you. But finding the most competitive deal across the entire market takes time and expertise.

At Rangewell, our expertise works for you. We know the lenders who really understand the profession and who can offer the most competitive rates for all types of finance - including asset finance solutions.

Our solutions can usually undercut the finance deals offered by equipment suppliers - even when they offer 0% finance arrangements - call us to see how we can help.

Call us to build your practice a competitive advantage

Coming to Rangewell means getting an expert team working for you and your practice to find the financial answers you need.

It means we can help you get the equipment that will provide your practice with a competitive advantage.

Our service is personal. We can discuss your objectives and help find answers for your dental practice financing scaled to fit your turnover and your other obligations.

You can also access additional professional support for your business with our Dentists' Directory - from financial advisors for dentists to accountants and more.

Whatever financial support you need for your dental practice

Our expert team can create a package to support every challenge

Call us

Email

Schedule

WhatsApp

Discover our range of finances

Every type of finance for every type of business

Our goal is very simple - to help businesses find the right type of finance as quickly, transparently and painlessly as possible.

Helping you build your profits

  • Avoiding capital expenditure
    The cost of your equipment can be spread over months or years. With some asset finance solutions, there is no upfront capital expenditure to find.
  • Funding tailored to your practice
    Funding solutions are available for your practice whatever its size, whether yours is a startup or has been established for years.
  • Repayments that work with your budget
    Lending is secured on the assets themselves, reducing interest costs and helping your monthly repayments fit your monthly budget.
  • Reducing risk
    If your practice was to become unable to make the payments on equipment funding, the lender could simply repossess the equipment to cover their loss. No other assets are at risk.
  • Scaled for your needs
    Asset finance can fund equipment at all levels, from individual items to complete surgeries costing hundreds of thousands of pounds.
  • Specialist lenders
    Some asset funding providers specialise in particular sectors. At Rangewell, we can help you find the most appropriate lenders for your dental practice.

Download Rangewell’s free and detailed guide to Business Lending for Dentists

Download your Rangewell Business e-Book

Available in ePub, mobi and .pdf format

By clicking "Get your copy now" you agree to Rangewell'sTerms and Conditions and Privacy Policy.

An additional commitmentBorrowing may be a long-term commitment, with ongoing monthly repayments which will affect your cashflow.
You may need to repayIf you sell your business, you may need to repay your borrowing.
Borrowing may be a personal liabilityLending will be secured on your practice, but you may be personally responsible for repayment with some types of loan.

Frequently asked questions

Have a question?

What is an equipment financing loan?

Equipment financing is a type of loan that enables businesses to obtain the technology and machinery they need. Typically, the lender will provide a company with finance secured by the equipment used to purchase or hire, and the business pays the money back, with interest, every month. 

The equipment will be used as security, so if a business doesn't meet the repayment terms, the equipment will be taken away. As soon as the loan is paid in full, the company will own the equipment.

How do you get approved for dental equipment financing?

Applying for a dental practice loan has its challenges. This is why Rangewell suggests you come armed with the information below t maximise your approval chances. 

1. Have a strong history of making your payments on time and having a good credit score.

Ideally, it would help if you looked to seek a credit score of over 720. It's important to note that debt doesn't weigh much in terms of the bank decision of lending to dentists, but the history of making payments on time is essential. 

2. Do your homework

Think about if you want to buy your practice or establish your very own start-up. At this point, you might not have an idea in mind of the specific practice you wish to buy, but if you're preparing for a brand new start-up, you'll need a good understanding of the process before you begin.

3. Build your team of experts 

A solid financial team behind a dentist is essential. This means you'll need to understand your number and be prepared. There are many steps to follow in this process, and your lender has the responsibility to look after you. Our brokers will make sure the transaction is as smooth as possible for both parties. Speak to Rangewell to find out how our dental equipment finance experts can help you.

4. Use a dental equipment finance expert

Rangewell works with some of the UK's top lenders who can provide you with a package completely tailored to your business needs. 

How do you qualify for a dental practice loan?

It's essential to speak to finance experts in the field. They can assess your specific circumstances and provide bespoke advice to ensure you give yourself the best possible chance of securing the best loan at the best rate. They can also discuss finance models with you to give you an idea of what profit you will make, the dental workload required, repayment on the loan, the deposit amount you'll need, and, more importantly, what salary you can make. 

You'll need to understand your budget before you even start searching the market. Our finance teams can work out affordability. This will give you an idea of what you can and can't afford. You can then better tailor your search and manage your expectations. 

It is crucial to set up a lump sum for all the additional costs that buying a practice incurs to determine accurate affordability. These will include legal fees, bank fees, valuation costs. 

Our top tips are:

  • Speak to a dental finance expert at Rangewell before looking at practices
  • Factor in all potential costs when determining affordability
  • Typically, as a rule of thumb, mixed or NHS practices under £600k require approx 10% deposit if there are no assets
  • Mixed or NHS practices over £600k require around 20% deposits if there are no assets
  • With enough security, loans are available for 5% cash deposits

Question Not Answered?

Our finance experts are waiting to answer questions and discuss your finance options. Get in touch with us and we'll be happy to help.

Our service is:

Impartial

Transparent and independent, treating all lenders equally, finding the best deals.

In-depth

Every type of finance for every type of business from the entire market - over 300 lenders.

Personal

Specialist Finance Experts support you every step of the way.

Free

We make no charge of any kind when we help you find the loan you need.