Medical & Laboratory Equipment Finance
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- No capital requirements
- Undercut "0% finance" deals from suppliers
- HP up to 60 months
- Rates from 6%
- Lease for entire life of asset
- New and used equipment
- Suitable for all types of laboratory equipment
- Maintain competitiveness
- 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.
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 This can be ideal for durable items that will not go out of date, and which you will want for the long-term.
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.
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.
REAL EXAMPLES OF WHAT WE CAN DO
Find the most competitive funding to allow a new lab business to bring in basic instruments
Help a small forensic lab find asset funding for a range of pre-used equipment
Source a lease arrangement to allow a medical research facility to bring in automated system
Find the most competitive finance for a geological lab to buy a used rock coring system and spread the cost with HP
Help a lab arrange ‘jigsaw’ funding to provide new equipment as part of planned growth
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 costsAsset 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 budgetAsset finance is secured on the assets themselves, reducing interest costs and helping your repayments fit your monthly budget.
Funding scaled to your needsAsset finance can fund equipment at all levels, from individual items to complete purpose-built laboratory installations.
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.
Keep working with cutting-edge equipmentAsset 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 communitySome 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
Download your Rangewell Business e-Book
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Lenders 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.
If you are unable to keep up repayments on a hire purchase or lease agreement, the equipment your lab depends on could be at risk.
Lease 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.