Equipment Finance for Pharmacists
Helping you equip your business
- Terms from 6 to 72 months
- No Maximum value
- Annual rates from 6%
- We can almost always undercut so called "0% finance" deals from suppliers
Leasing and Contract Hire
- Reduce monthly outgoings
- Adverse Credit – no problem
- Assets generate cash - paying for themselves
- No cash upfront
- Funds for any type of equipment
- Up to 100% funding
- Lease any type of asset
- New or used equipment
Your pharmacy depends on a great deal of equipment to bring in customers.
The pharmaceutical profession is highly competitive. There are chemists shops on every high street. Many are part of large chains or franchises. If you are working as an independent, you will need to find ways to provide the same level of equipment as they do.
Whether you are starting up or ready to move your current business on, a wide range of equipment will be essential, including:
- Pharmacy equipment - balance, measures, drug safes
- Security equipment - alarms, shutters and CCTV
- Shop equipment - displays, lighting and POS
- Vehicles - a car to help provide a mobile service
At Rangewell we have found that Asset Finance can provide the most cost-effective solutions for most kinds of equipment is Asset Finance covers a range of funding that provides all kinds of assets - equipment, IT, vehicles, even straightforward items such as sales displays and racking - without making impossible demands on your cashflow.
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 If you are using a technical piece of equipment which could go out of date, a leasing agreement can be ideal, as it can be easy to update it when a better model becomes available.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 - meaning that keeping your equipment in perfect condition is the responsibility of the lender.
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 you will use for years might be ideal for Hire Purchase.
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 a range of pre-used equipment
Source a lease arrangement to allow a practice to provide partners with new vehicles
Find the most competitive finance for lighting in the treatment and waiting rooms of a large practice
New or secondhand?
New equipment may be ideal, but refurbished equipment can also be a good investment for the future of your business. We can help you cut costs with pre-owned equipment – then cut them again with Asset Finance.
Can a supplier provide finance?
Most suppliers will provide their own asset finance arrangements. But many will be making a profit from the finance as well as on the equipment itself - meaning you pay more overall.
They may even offer 0% finance to close the sale. It looks as cheap as buying with cash, and it can be tempting to take up a 0% offer. But there is a catch.
With a 0% deal, the dealer pays the funding company the cost of the interest which they would otherwise take from you - but they will recover the cost from you, the customer. You won’t pay interest, but the supplier may add the interest cost into his sale price.
Why you need help from Rangewell to ensure you get Asset Finance that’s right for you
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 Asset Finance experts. By searching across the entire market, we can often find asset finance plans which actually undercut the 0% finance offers provided by vehicle and equipment dealers.
Meet real pharmacists we have helped fund equipment
Helping you build your profits
Reduce or eliminate capital costsSome 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 costs and helping your repayments fit your budget.
Funding scaled to your needsWe can help you fund equipment at all levels, from individual items to shop contents.
Reducing your riskAsset Funding is secured on the assets themselves. If repayments 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 Equipment Finance for Pharmacists
How does Equipment Finance work?
What are the options?
How can you apply?
What are the costs?
What are the restrictions?
The paperwork you need to provide with your application
Key terms to check
Equipment finance may count as debtLenders may view long-term equipment finance arrangements as debt and adjust their valuation of your business, reducing your ability to access other types of finance.
Your key equipment could be at riskIf you are unable to keep up repayments on a hire purchase or lease agreement, the equipment your business depends on could be at risk.
Getting maintenance and repair as part of your lease may be essentialLease arrangements may include maintenance and repair. If these are the responsibility of the leasing company you need to ensure they have the necessary resources and arrangements to support your equipment.
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.