Funding your Chiropractic Equipment with confidence
From an electronic posture bench to palm pads, your chiropractic clinic needs a growing range of equipment.
You can’t cut corners on equipment for your chiropractic clinic. The treatment you give, your patients' conditions and your professional reputation may all depend on it.
Whether or not you have the cash to invest, a wide range of equipment will be essential for you to run your business, including:
- Posture benches and chairs
- Ultrasound equipment
- Equipment sterilizers
- IT equipment – from handheld devices to a centralised booking and billing system
- Vehicles - a car to help you provide a mobile service
Asset Funding for Chiropractors
Asset Funding can provide the most cost-effective solutions for most kinds of equipment. At Rangewell, we help chiropractors like you across the country use Asset Finance solutions to get the equipment they need, from chiropractic diagnostic tools such as inclinometers and goniometers to electrotherapy and ultrasound machines. We help them equip their treatment room, office or anywhere else in their practice - and spread the cost.
Asset Finance is a broad term that covers a range of funding solutions.
Hire Purchase lets you acquire an asset right away and spread the costs in instalments over an agreed time, often up to 5 years or more. At the end of this term, you own the asset outright. Hire Purchase is often used for items which have a high cost and a relatively long life. A bench or inclinometer you will use for years might be ideal for Hire Purchase.
Leasing works much like a rental agreement and lets you use the equipment you need without having to buy it outright. You pay the finance company each month for using the asset. If you are using a delicate piece of equipment which could go out of date - such as a portable ultrasound - a leasing agreement can be ideal, as it can be easy to update it when a better model becomes available. Leasing can also include maintenance agreements.
New or secondhand?
New equipment may be ideal, but refurbished equipment can also be a good investment when cash is short. We can help you cut costs with pre-owned equipment – then cut them again with Asset Finance
Don't chiropractic equipment suppliers provide finance?
Yes. Most chiropractic equipment suppliers will offer Asset Finance arrangements. They may even offer 0% finance to close the sale. It looks as cheap as buying with cash - but there is a catch.
With a 0% deal, the dealer effectively pays the interest on the finance - but they will recover the cost from you with an inflated sale price.
Let Rangewell get the equipment finance your chiropractic clinic needs
Asset Finance can let you spread the cost of all kinds of equipment, but there are many different types of Asset Finance and many different providers. Not all providers work in every sector, and terms and rates can vary widely.
At Rangewell, our team includes funding experts who work with chiropractors. They can help you find the right kind of finance arrangement, the lenders who work in your sector, and the most competitive deals, often with solutions that undercut 0% finance offers provided by vehicle and equipment dealers.
REAL EXAMPLES OF WHAT WE CAN DO
Find the most competitive funding to allow a new practice to bring in basic instruments
Help a small practice find funding for pre-used ultrasound equipment
Source a lease arrangement to allow a practice to provide partners with new vehicles
Find the most competitive finance to buy a portable electrotherapy kit
Fund a £3,000 posture bench for a new practitioner
Helping you build your profits
Reduce or eliminate capital costSpread the cost of your equipment over months or years. Some types of funding remove the need for upfront capital expenditure altogether.
Repayments that work with your operating budgetAsset Finance is secured on the assets themselves, reducing interest costs and helping your repayments fit your monthly budget.
Funding scaled to your needsWe can help you fund equipment at all levels, from individual items to entire fleets and production lines.
Reducing your riskAsset Funding is secured on the assets themselves. If you found the repayments on equipment became a problem, the lender could simply repossess the equipment.
Lease cutting edge equipmentLeasing that will let you update your equipment whenever you need to. It means you can always work with the latest, most efficient technology.
Cutting costs with specialist lendersSome lenders specialise in particular business sectors. At Rangewell, we can help you find these specialist lenders, helping you cut costs and simplifying applications.
Download Rangewell’s free and detailed guide to Finance for the Medical Profession
What types of finance are there - which do you need for your chiropractic practice?
The types of funding available, including for working capital, equipment, tax, growth, buy-ins and premises
What financing options are available to chiropractors in terms of equipment financing and equipment leasing?
Why not all providers are equal - finding the one that’s right for you
Is it important to use a lender who is authorised and regulated by the financial`conduct authority?
The downsides to finance - and how to avoid them
How we can provide an additional income stream
How to arrange finance - what paperwork do you need?
What to expect with monthly payments
Key terms explained
Please click to download our free e-book on finding finance for chiropractors
Getting the right funding arrangement is essentialThere are many forms of business finance available. Getting the most appropriate type for your particular needs is essential to avoid excessive costs.
Your key equipment could be at riskIf you are unable to keep up repayments on a Hire Purchase or lease agreement, the equipment your practice depends on could be could be at risk.
Long-term financial commitmentsYou may not be able to pull out of a finance arrangement once set up. This could present a problem if your practice changes direction or if technology moves on rapidly.
Our service is...
ImpartialTransparent and independent, treating all lenders equally, finding the best deals.
In-depthEvery type of finance for every type of business from the entire market - over 300 lenders.
In-personSpecialist Finance Experts support you every step of the way.
FreeWe make no charge of any kind when we help you find the loan you need.