Buying a second site for your Chiropractic clinicSpeak to one of our experts020 4525 5312
- From 2% above base rate
- Up to 25 years terms
- Interest-only or capital repayment
- Buy premises or existing business
- Provide equipment for your new branch
- Hire Purchase from 6%
- Lease with no upfront costs
- Cover all types of assets
- Bespoke finance package
- Reduced monthly outgoings
- Solutions for all costs
- Individual solutions
What’s the best way to grow your chiropractic business? If you want to buy a second branch, we can help
Table of Contents
With a successful practice, you may find that you have patients who find it difficult to travel to see you, particularly if you work in a rural area.
Opening a branch surgery which might let you work from another location for a few days a week, or set up for a junior partner might be an important step forward. You may be able to increase your patient list and grow your profits. But how can you find the funding to make the necessary investment?
You will need your new premises in a convenient location. You may be able to take them on a long-term lease, but you might also consider a Commercial Mortgage. Commercial Mortgages work much like a residential mortgage and can be used to help you buy a surgery, or even an existing practice.
Equipping your new branch
You will need to equip and fit out your new branch. There are ways to provide the equipment you need and spread the cost with Asset Finance. Asset Finance includes a range of funding solutions:
Hire Purchase lets you acquire equipment straight away. You put down a deposit and spread the costs in regular monthly instalments over up to 5 years. At the end of this term, you own the asset outright.
Leasing works much like renting. It lets you use the equipment you need without having to buy it outright, with a payment each month to the finance company. Both new and used equipment can be funded with Asset Finance solutions.
The finance you need to extend your chiropractic business
At Rangewell, we know the chiropractic sector well. We will use our knowledge to find the funding that meets your needs. We can find the most competitive rates for all types of finance, including Professional Loans, Unsecured and Secured Loans, Asset Finance, Merchant Cash Advance, Commercial Mortgages, Growth Finance and more.
We can even set up Jigsaw Finance - a package of funding tailored around your needs
To find out more about setting up the finance you need to grow your practice and open a second branch simply call us. Our experts are ready to help.
REAL EXAMPLES OF WHAT WE CAN DO
Help arrange a jigsaw funding as the basis of an acquisition plan
Find the most competitive commercial mortgage to acquire premises
Help arrange asset finance to equip a treatment room
Help arrange funding solutions for every stage of an expansion programme
Find the most effective source of funding to allow a chiropractor to take on a junior
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
Funding tailored to your needsFunding can be drawn together from several sources and tailored to your needs.
Funding that recognises your statusAs a professional practice owner, you may be able to enjoy preferential rates for borrowing.
Unsecured fundingUnsecured loans are based on your credit rating. There is no need to put your assets or possessions at risk.
Ensuring you have the equipment you needAsset finance can help you ensure you can equip your new practice to the standards you want, and spread the cost.
Early repayment optionsSome loan providers will accept early repayments, reducing the total cost of your borrowing.
Cutting borrowing costsAt Rangewell we search the entire UK lending market to find the most appropriate solutions for your funding needs, helping you reduce the costs of your expansion plans.
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