Funding for Podiatrists to buy a competitor
- From 2% above base rate
- Up to 25 years terms
- Interest-only or capital repayment
- Buy premises or existing business
- Unsecured lending from from 6%
- Up to 5 years to repay
- Secured lending from 2% above base rate
- Long repayment terms
Are you running a successful podiatry practice? Acquiring a competitor could help take you to the next level.
If you are a podiatrist, you are running a business as well as a medical practice. Buying a competitor could help you take your business to the next level. Economies of scale can cut your costs, while extra clients could mean extra profits.
It could even be the start of a process that leads to you running a chain of podiatry clinics in a few years time.
But it will mean considerable investment, depending on the value of the competitor, the assets of the business, their turnover and potential for growth. At Rangewell, we can help you find the funding you need if you are considering buying a competitor.
Remortgaging your premises
If your practice owns your premises, you have a reserve of wealth which could support your acquisition plans, releasing the cash you need. It's simply a matter of remortgaging your current premises. Commercial Mortgages work much like a residential mortgage, and can provide large scale funding at competitive rates, and let you spread repayments over up to 20 years
Commercial loans for your podiatric practice
There are two types of commercial loan - Secured and Unsecured - which could provide the funding you need to buy a competitor.
Secured Loans can have rates as low as 2% above base rate, and ten or more years to repay.
Unsecured business loans are a operate much like a personal loan. The loan is repaid in monthly or quarterly instalments over an agreed term under 5 years.
‘Jigsaw’ finance designed around your needs
Acquiring a competitor's podiatric practice may mean that you require a range of funding. We can provide Jigsaw Funding - a bespoke package made up of the most appropriate type of funding for each need. We have found that it can help practice owners ready to make the most of their business plans access more funding that could be provided by a single finance option - and reduce costs.
REAL EXAMPLES OF WHAT WE CAN DO
Help arrange a funding for a podiatrist as the basis of an acquisition
Find a lender to provide a Commercial Mortgage to acquire a business
Help arrange jigsaw funding for every stage of a practice acquisition
Work with a podiatrist find the most effective source of funding
The finance you need to buy a competitor
At Rangewell, 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.
To find out more about setting up the finance you need to buy a competitor simply call us. Our experts are ready to help.
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 maybe able to enjoy preferential rates for borrowing.
No need for extra security with Goodwill LoansGoodwill 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 fundingWe can help you arrange bespoke funding tailored around your needs.
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 Podiatrists
What types of finance are there - which do you need for your private practice or specialist podiatrist clinical practice
How we can provide an additional income stream
Why it's important to find lenders who are familiar with chiropodists and podiatrists, and the podiatric medicine sector
The downsides to finance - and how to avoid them
How to arrange finance - what paperwork do you need?
Do I have to be registered with the Society of Chiropodists` to be able to apply for practice finance?
Key terms explained
Getting the right funding arrangement is essentialThere are many forms of business finance available. Getting the most appropriate type for the business needs of your podiatry clinic is essential to avoid excessive costs.
Your key equipment could be at riskIf 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 commitmentsYou may not be able to pull out of a finance arrangement once set up.
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.