- 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
- Secured lending from 2% above base rate
- Raising funds with a Commercial Mortgage 2% above base rate
- ‘Jigsaw’ Funding
- Practice Loans
Talk to Rangewell - the business finance experts
You need large-scale funding which could let you buy a competitor hospital, surgery or clinic but, with the costs involved, getting the right funding is essential. At Rangewell we help you find the most competitive funding for your plans.
At Rangewell we recognise your professional status, and we work harder to find you better solutions - which can include 100% finance for many of your needs.
Are you running a successful hospital, surgery or clinic? Acquiring competitors could help take you to the next level
Turning a business based on a single hospital, surgery or clinic into a profitable group means many challenges. If your plans include acquisition, the largest of those challenges include finding a high level of funding to buy competitors with the facilities and potential you need.
At Rangewell, we can help you find the finance you need for your plans.
Remortgaging your premises
Your current facilities represent a major investment. Remortgaging those premises could be a simple way to provide the level of funding you need to buy a competitor. 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. They are arranged on an individual basis - making expert help essential to get the most competitive deal.
Bridging and Auction Finance
Bridging Finance is a short-term finance solution which provides a quick way to finance the purchase of a property or business. Like a remortgage, the funds are secured on your property. The lender will take a first charge and will seek repayment once the loan has come to term. It is usual to refinance Bridging Finance with a mortgage.
Commercial Loans for hospital operators
There are two types of commercial loan - Secured and Unsecured - which could provide the funding you need.
Secured Loans are supported by security, such as property, that the lender would take and sell if you became unable to make repayments. This reduces the risk to lenders and allows them to reduce the cost to you, with rates that can be as low as 2% above base rate, and ten or more years to repay.
Unsecured business loans are a straightforward way of borrowing and operate much like a personal loan. The loan is usually repaid in either monthly or quarterly instalments, and over an agreed term of under 5 years. Decisions can be fast 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.
Asset Refinance - re-using the investment in your equipment
Asset Refinance allows you to use the value invested in your business assets - your hospital equipment, fixtures and fittings - to use again. You sell your assets to a finance company. They provide an agreed sum and then let you pay back the amount while continuing to have full use of every piece of equipment.
Mezzanine Finance - a higher level of finance
Mezzanine Finance sits in the middle area between debt and equity finance. A lender will offer a high level of funding, but you will need to repay their debt and interest charges or the lender will have the right to take an agreed proportion of equity interest within the company.
Because the equity option provides the security on the funds, Mezzanine lenders can provide very high levels of finance for acquisitions, where costs and risks can be too high for other, more conventional borrowing.
Acquiring a competitor's practice may mean a range of funding is required. We can provide something called 'Jigsaw' Funding, which is a bespoke package made up of the most appropriate type of funding for each need. We have found that 'Jigsaw' Funding can help people who are ready to make the most of their business access a higher level of funding that could otherwise be provided by one single finance option - and reduce overall costs.
The finance you need to buy a competitor
At Rangewell, 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.
To find out more about setting up the finance you need to buy a competitor, simply call us. Our experts are ready to help.
REAL EXAMPLES OF WHAT WE CAN DO
Help arrange the funding for 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 medical professional to find the most effective source of funding
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
Funding tailored to your needsFunding can be drawn from several sources to create a single package and tailored to your needs.
Funding that recognises your professional statusAs a professional practice owner, you may be able to enjoy preferential borrowing rates.
Simple and fast Unsecured LoansLoans can be arranged on an Unsecured or Secured basis.
Covering all the costs with 'Jigsaw' FundingWe can help you arrange bespoke funding tailored around your needs.
Early repayment optionsSome loan providers will even accept early repayments, reducing the overall cost of borrowing.
Cutting borrowing costsAt Rangewell, we search the entire UK lending market, using our contacts and unique online tool, to find the most appropriate solutions for all your funding needs, helping you to reduce the actual costs of your expansion plans.
Download Rangewell’s free and detailed guide to Finance for the Medical Profession
What types of finance are available and which is right for your hospital or surgery?
Are all lenders authorised and regulated by the financial conduct authority?
We offer private healthcare medical procedures, are we eligible to apply for finance?
Lifting the lid on interest free finance/0 apr representative
What terms and conditions apply to medical loans?
Key finance terms explained, including total amount repayable, subject to application and amount of credit
Is there a difference between monthly payments and monthly instalments?
My business offers multiple medical treatments, what costs can I finance?
Download our free resource on finance for hospitals and surgeries explained
Download your Rangewell Business e-Book
Available in ePub, mobi and .pdf format
There are many forms of business finance available. Getting the most appropriate type for the business needs of your practice is essential.
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.
You may not be able to pull out of a finance arrangement once set up.