Helping ambulance operators buy premises
You can lease a depot for your ambulance business - but for the long-term, buying your premises can make much more business sense.
Having the right premises to base your ambulance business is essential. You need secure parking, safe storage for drugs and supplies, and probably somewhere for light maintenance.
Your ambulances can be stationed anywhere when they are in service, but having a base close to the area and facilities you serve will help cut down journey times and reduce your costs. You may want to look at buying the premises you operate from. Buying existing premises from a landlord, or finding suitable property nearby could actually cost less than renting, improving your cash flow while providing a valuable asset for the future.
At Rangewell, we can help you find the best rates for your purchase plans.
A Commercial Mortgage for your ambulance depot
Commercial Mortgages work much like a residential mortgage and can be used to help you buy a depot or a secure unit.
Commercial Property Finance is always arranged on an individual basis. Rates and terms will be agreed based on your particular circumstances; it is the turnover and profitability of your business that will determine the rate you will be offered, which is why getting expert support from the Rangewell property team is essential.
As an alternative to a Commercial Mortgage, a Secured business loan might provide a level of funding sufficient to buy a suitable commercial unit. Rates can be as low as 2% above bank base rate, and you can take ten or more years to repay. They are secured because they must be supported by security, such as your business assets or your home, that the lender can take and sell if you became unable to make repayments.
As an alternative to a Secured Loan, an unsecured loan might give you sufficient funding for a small unit, or space for secure parking. Unsecured business loans are a straightforward way of borrowing and operate much like a personal loan which can be used in any way you wish. The loan is repaid in monthly or quarterly instalments over an agreed term under 5 years. The sums available tend to be smaller than those with secured loans, while rates and consequently monthly repayments tend to be significantly higher.
Decisions can be fast, inside a working day with some lenders, but you will need to provide a Personal Guarantee meaning that you will become personally liable for the debt if your business was unable to pay.
Your main business assets are your vehicles. Asset Refinance can help you release that investment to use again, while still letting you have full use of your ambulances. The finance company will essentially buy the asset from you for an agreed cost based on its value and providing you with the lump sum you need.
They will then allow you to buy the asset back from them, with a new finance arrangement. Asset Refinance could help you raise the funds you need for a deposit on a Commercial Mortgage or other loan.
Setting up the finance you need to buy your premises
If your ambulance business is thriving you may be in a very good position to raise the finance you need to buy property. Many lenders will be happy to work with you - but not all will be able to offer the most competitive solutions.
At Rangewell, we work with over 300 lenders across the entire UK market. But we don’t stop there. We will work with you to understand your plans for your ambulance business, and use our expertise to help find the lenders who can best meet your needs.
Simply call us. Our experts are ready to help.
REAL EXAMPLES OF WHAT WE CAN DO
Help arrange funding for an ambulance operation with adverse credit
Find a lender to provide a commercial mortgage to acquire premises
Help arrange funding to build an equip a depot on a brownfield site
Find the most effective funding for a small partnership
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, you may be able to enjoy preferential rates for borrowing.
No need for extra securityLending can be secured on your property - there is no need to put your assets or possessions at risk.
An appreciating asset for your businessBuying your premises may provide an appreciating asset for your business, and be tax-efficient.
The possibility of early repaymentSome loan providers will accept early repayments, reducing the total cost of your borrowing.
Cutting the cost of borrowingAt 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 business lending for ambulance providers
What kinds of business funding are there for ambulance businesses looking to purchase premises?
Why you must find the right lender to cut the costs of your finance
Are there downsides to debt finance for ambulance businesses?
What paperwork will I need to provide with my funding application?
Will I need to provide any guarantees or security along with my finance application?
What key terms do I need to check when applying for finance for my ambulance business?
Download your free guide to funding ambulance providers, including vehicle finance, premises finance, equipment finance and more.
A long-term commitmentA funding package will mean a long-term commitment, with ongoing monthly repayments.
You may need to repay the loan if you sellIf you sell your business, you will need to repay your funding.
A personal liabilityLoans will be secured on your existing practice, but you may be personally responsible for their repayment.
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.