Goodwill Loans for opticians

Releasing the value in your business

Speak to one of our experts020 4525 5312

Funding options


As an optician or ophthalmologist, you probably run a practice that creates a great deal of wealth. But it can be difficult to enjoy the benefits of all the hard work you put in.

You may pay yourself a salary and take dividends as a director. But you cannot simply withdraw money from your practice and, if you did, you would reduce its working capital, cause problems with cashflow and jeopardise its future.

But there is a way to get the funds you deserve  - with Goodwill Loans. A Goodwill Loan can help you benefit from the wealth you have created, but leave the funds in your business bank account untouched.

What is an optician's Goodwill Loan?

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 works by letting you use the goodwill built up in the practice as the security for a loan, which you can use for a wide range of purposes.

What a Goodwill Loan can do for you - and your optician practice

A Goodwill Loan is secured on the value of the future of your business. It can bring you a sum comparable to your annual turnover, typically between £50,000 and £500,000, with repayment terms of up to 15 years.

The lender will simply need to review your accounts for the last few years to make a decision. Interest rates will be agreed when the loan is taken out and, although they will be variable, are likely to remain significantly more favourable than with other types of lending.

Goodwill loans can be arranged at short notice, and there is no need to provide any kind of deposit or additional security.

How can you use your Goodwill Loan?

Your Goodwill Loan can be used in any way that you wish, including:

  • Buying investment property in the UK
  • Buy property overseas for investment or leisure
  • Buying a second home
  • School or college fees
  • Buying another business, or a second property to expand your existing practice
  • To support retirement planning
  • Investment

There are a few limits on what you can do with your loan - you can’t use it to pay off your mortgage on your main home, for example. 

Setting up a Goodwill Loan as an optician

A Goodwill Loan can give you a great deal of extra spending power, while letting your practice retain the funds it needs to operate and grow.

At Rangewell, we have already helped many opticians benefit from their hard work with Goodwill Loans.

Call us. We can explain the potential of this type of lending and help you approach the most suitable lenders, or find another funding type that may be more appropriate, including:

You can also find specialist experts for opticians in our Opticians Directory - from specialist advisors on sales and acquisitions for opticians to accountants and more.

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

  • Cash never leaves your practice
    A Goodwill Loan leaves your practice finances completely unaffected.
  • Versatile funding for any purpose
    A Goodwill Loan can be used for any purpose, from investment or buying property or simply for leisure.
  • No need for extra security
    Goodwill Loans are secured on the future performance of your practice - there is no need to put your assets or possessions at risk.
  • Competitive rate funding
    Goodwill Loans represent a cost-effective way to borrow, as repayment rates can be very competitive.
  • Early repayment options
    Some Goodwill Loan providers will accept early repayments, reducing the total cost of your borrowing - and letting your loan pay for itself.
  • Avoid tax implications
    Your Goodwill Loan will let you benefit from the value built up in your practice, with no tax implications for you or your business.

Download Rangewell’s free and detailed guide to Goodwill loans

How do Goodwill Loans work?
How can they provide extra funds for you - without reducing funds available for your business?
Why you must find the right lender to cut costs
The downsides of borrowing
What paperwork you need?
Guarantees and security
Key Terms to check

Download your Rangewell Business e-Book

Available in ePub, mobi and .pdf format

By clicking "Get your copy now" you agree to Rangewell'sTerms and Conditions and Privacy Policy.

An additional commitmentA Goodwill Loan is a long-term commitment, with ongoing monthly repayments.
You may need to repayIf you sell your business, you may need to repay your Goodwill Loan.
A personal liabilityThe loan will be secured on your practice, but you may be personally responsible for repayment.

Our service is:


Transparent and independent, treating all lenders equally, finding the best deals.


Every type of finance for every type of business from the entire market - over 300 lenders.


Specialist Finance Experts support you every step of the way.


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