Funding for chiropractors to buy a competitor

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Goodwill Loans

  • Release wealth from your existing practice
  • Cost-effective and tax efficient
  • Flexible arrangements
  • Use for any purpose

Commercial Mortgages

  • From 2% above base rate
  • Up to 25 years terms
  • Interest-only or capital repayment
  • Buy premises or existing business

Commercial Loans

  • Unsecured lending from 6%
  • Up to 5 years to repay
  • Secured lending from 2% above base rate
  • Long repayment terms

Talk to Rangewell – the business finance experts

Ready to buy a competitor to grow your chiropractic business? At Rangewell, we can use our contacts across the entire UK lending industry to provide the scale of funding you need.

Are you chiropractor running a successful practice? How can you take it to the next level? The solution could be to acquire a competitor.

Buying a competitor could expand grow your patient list and increase turnover, but the costs could be in the order of hundreds of thousands of pounds, especially if the chiropractor you are buying owns the premises they work from. At Rangewell, we can help you find the funding you need with a range of solutions.

A Goodwill Loan could release the value in your existing chiropractic business

A Goodwill Loan, also known as a Capital Withdrawal Loan or Cash Out, can let you access the value in your business without withdrawing funds from it.

It lets you use the goodwill built up in your practice as the security for a loan. It can bring you a sum comparable to your annual turnover, probably in excess of £250,000, with repayment terms of up to 15 years.

Commercial Mortgages - using the value of your property

Remortgaging your premises could provide a high level of funding - enough to buy a competitor. Commercial Mortgages work much like a residential mortgage, and can be used to provide a high level of funding - lenders have a minimum loan value of £75,000 or more, but there is no set upper limit. Rates and terms will be agreed based on your business plans.

Borrowing with a Commercial Loan

There are two types of Commercial Loan:

Secured Loans

Secured Loans can provide a high level of funding, with rates that can be as low as 2% above base rate, and ten or more years to repay.  

Unsecured Loans

Unsecured business loans operate much like a personal loan and are suitable for smaller sums, up to £250,000, but often far less. The loan is repaid in monthly or quarterly instalments over an agreed term under 5 years.  

‘Jigsaw’ Finance designed around your chiropractic business

Acquiring a competitor may mean a range of funding requirements. We can provide Jigsaw Funding - a bespoke package made up of the most appropriate type of funding for each purpose.

REAL EXAMPLES OF WHAT WE CAN DO

  • Help arrange a 100% loan for a chiropractor, as the basis of an acquisition plan

  • Find a lender to provide a commercial mortgage to acquire a business

  • Help arrange jigsaw funding for every stage of a chiropractors acquisition

  • Work with a chiropractor to find the most effective source of funding

The finance you need to buy a competitor

Many lenders will be happy to work with you - but not all will be able to offer the most competitive solutions.

At Rangewell, we know lenders that can. But we don’t stop there. We will work with you to understand your business plans and use our expertise to help 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, Invoice Finance, Asset Finance, Merchant Cash Advance, Commercial Mortgages, Growth Finance and more.

For answers on the finance you need to buy a competitor, simply call us.

Buying a competitor helped me double our turnover.
Rangewell showed me the way to afford to buy my biggest competitor.
It costs less than I thought - and the rewards are much larger.

Helping you build your profits

Funding tailored to your needs

Funding can be drawn together from several sources and tailored to your needs.

Funding that recognises your status

As a professional chiropractor with your own practice, you may be able to enjoy preferential rates for borrowing.

No need for extra security with Goodwill Loans

Goodwill Loans are secured on the future performance of your practice - there is no need to put your assets or possessions at risk.

Covering all the costs with jigsaw funding

We can help you arrange bespoke funding tailored around your needs.

Early repayment options

Some loan providers will accept early repayments, reducing the total cost of your borrowing.

Cutting borrowing costs

At 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

Rangewell Ebook - 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

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Getting the right funding arrangement is essential

There 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 risk

If 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 commitments

You 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...

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.

In-person

Specialist Finance Experts support you every step of the way.

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We make no charge of any kind when we help you find the loan you need.
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