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Medical & Laboratory Equipment Finance

Create a state-of-the-art facility to take advantage of the very latest advances in technology

Speak to one of our experts020 4525 5312

Funding options

£

Hire Purchase

  • No capital requirements
  • Undercut "0% finance" deals from suppliers
  • HP up to 60 months
  • Rates from 6%

Leasing

  • Lease for entire life of asset
  • New and used equipment
  • Suitable for all types of laboratory equipment
  • Maintain competitiveness

Reduce costs

  • Refinance existing assets
  • Avoid obsolesence
  • Avoid depreciation costs
  • Low rates – funding secured on assets themselves

Talk to Rangewell – the business finance experts

Making funding decisions for the science sector demands lenders with specialist knowledge. We can search the entire market to find the most appropriate lenders - and the business funding you need for your laboratory business

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.

Having cutting-edge equipment is the key to running a successful lab: funding is the key to making sure you have the equipment you need.

New technologies are making more things possible in your lab. Embracing automation and robotics are key to increasing your throughput, efficiency, accuracy and profitability.

But it means that your traditional equipment can no longer answer all the demands you place on it.

Funding the ever-changing needs of your laboratory

Of course, this new equipment means new costs for your laboratory. Buying state of the art equipment is not only costly, it runs the risk of being locked into technology that will probably become obsolete in a surprisingly short time.

At Rangewell, we believe that Asset Finance provides the most cost-effective ways to provide cutting-edge lab equipment - and let you update your lab whenever new technologies come along.

Asset Finance includes solutions to let you buy outright or lease items of all kinds. Loans or Leases are secured on the asset or equipment itself, reducing the costs to you and avoiding the need to put up any other assets such as your home as security.

Hire Purchase

With Hire Purchase, you effectively hire the equipment that you use until you’ve paid enough to purchase it.

You’ll normally pay a deposit, plus fixed monthly repayments, which can last for up to 60 months. When you’ve made all the repayments, your lab will own the equipment outright. This can be ideal for durable items that will not go out of date, and which you will want for the long-term.

Lease Finance

Leasing gives you flexibility. You can regularly update equipment to ensure you always work with cutting edge technology. 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.

With leasing, you may never own the equipment, which means you need never be held back by outdated techniques, or have valuable space taken up in your lab by instruments you no longer need.

Why you need Rangewell to find finance for your lab

Finding the most competitive Asset Finance deals across the entire market takes time and expertise.

At Rangewell, we have the expertise ready to work for you. We know the lenders who really understand the scientific sector and who can offer the most competitive rates for all types of finance  - including asset finance solutions.

As specialists in funding, we can usually undercut the finance deals offered by equipment suppliers - even when they offer 0% finance arrangements - call us to see how.

Call us to build your practice a competitive advantage

Coming to Rangewell means getting an expert team working to find you the most competitive deals on the equipment you need - helping ensure you can have the systems and instruments you need to give your lab a competitive advantage.

If the equipment you need is highly specialised and even if it needs to be custom built, we can help find cost-effective solutions.

Our service is personal. Call our experts to discuss your objectives. We will work with you to find the answers scaled to fit your lab operations.

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

  • Reduce or eliminate capital costs
    Asset finance spreads the cost of your equipment over months or years. Some types of asset funding remove the need for upfront capital expenditure altogether.
  • Repayments that work with your operating budget
    Asset finance is secured on the assets themselves, reducing interest costs and helping your repayments fit your monthly budget.
  • Funding scaled to your needs
    Asset finance can fund equipment at all levels, from individual items to complete purpose-built laboratory installations.
  • Reducing your risk
    Asset funding is secured on the assets themselves. If you found the repayments on equipment became a problem, the lender could simply repossess the equipment.
  • Keep working with cutting-edge equipment
    Asset funding includes leasing solutions that will let you update your equipment whenever you need to. It means you can always work with the latest, most accurate technology.
  • Specialist lending for the scientific community
    Some asset funding providers specialise in providing solutions for the scientific community. 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 Financing Medical & Lab Equipment

How does Asset Finance work?

What are the options?

How can you apply?

What are the costs?

What are the restrictions?

Paperwork you need to provide with your application

Key terms to check

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Equipment finance may count as debtLenders may view long-term equipment finance arrangements as debt and adjust their valuation of your laboratory as a business, reducing your ability to access other types of business 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 lab depends on could be at risk.
Getting maintenance and repair as part of your lease could 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:

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.