Goodwill Loans for Physiotherapists

A physiotherapy business can be lucrative, especially if you have built up a reputation with sporting groups, or connections with private medical providers. But tax rules and the need to maintain your working capital mean you can’t access the wealth you have created without causing problems for yourself or your practice.

But there is a way to enjoy the results of your hard work - with a Goodwill Loan, or Cash Out. It can help you access the wealth you create, while leaving the cash in your business bank account untouched.

Many physiotherapists have found that they provide the simple way to enjoy their wealth now, without creating any threat to the future of their business.

What is a Goodwill Loan?

A Goodwill, or Capital Withdrawal Loan, allows certain professionals in the medical sector - including physiotherapists - to access the value in their business without withdrawing funds from it.

It lets you use the goodwill built up in your practice as the security for a loan, which you can use for a wide range of purposes. You can then pay back this loan at a particularly attractive rate.

What can you do with a Goodwill Loan?

A Goodwill Loan 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.

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. Otherwise, you can use the funds in almost 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

“I wanted to put my kids through university. I couldn’t take the money out of the practice for the fees and accommodation, even though it was there, without running into problems with tax and cashflow. But with Rangewell’s help I found a solution.

With a Goodwill Loan it was not only possible to raise the funds I needed, it would make very good sense.

I  have four children, so university has been a big expense. I’m proud to have given them the help they needed”

Find out more about a Goodwill Loan for your physiotherapy practice. Call and talk to our physiotherapy business experts.

Other funding solutions for the physiotherapy profession include:

• Asset Finance
• Hire Purchase
• Leasing
• Vehicle Finance
• Commercial Mortgages
• Secured and Unsecured lending
• Merchant Cash Advance
• Working Capital Finance
• Revolving Credit Facilities
• Invoice Finance