- From 2% above base rate
- Up to 25 years terms
- Interest-only or capital repayment
- Buy premises or existing business
- Unsecured lending from 6%
- Up to 5 years to repay
- Secured lending from 2% above base rate
- Long repayment terms
- Release the value in your vehicles
- Use the investment again
- Competitive rates
- Ideal for expanding your business
Talk to Rangewell – the business finance experts
Want to buy a competitor to grow your ambulance business? Funding can be the biggest barrier. At Rangewell, we can find the solutions.
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 ambulance business? Acquiring a competitor could help take your operation to the next level
The larger your ambulance business and the more ambulances you run, the more runs you can make and the more profits you may be able to generate. Buying a competitor could be the simplest way to expand your business, giving you more vehicles, territory and contracts, while economies of scale can cut your costs.
But it will inevitably mean a major cost. You will be buying more than your competitor's fleet - you will be acquiring their contracts, staff, premises - and the potential of their business for growth.
At Rangewell, we can help ambulance operators find the funding they need to buy out a competitor.
Remortgaging your depot - releasing the funds to buy a competitor
If you own your depot you may be sitting on the funding you need. Remortgaging your current depot could provide the level of funding required to buy a competitor. Commercial Mortgages work much like residential mortgages and can provide large-scale funding at competitive rates, and let you spread the repayments out over up to 20 years.
Commercial loans for your ambulance business
Another consideration could be a straightforward business loan. There are generally two types of commercial loan - secured and unsecured - which could provide the funding you need.
As the name suggests, Secured Loans must be supported by security that the lender would take and sell if you became unable to make repayments. However, rates can be as low as 2% above base rate and you can have ten or more years to repay.
Unsecured business loans are designed for smaller sums and are repaid in monthly or quarterly instalments over an agreed term under 5 years. Decisions can be fast but you are likely to need to provide a personal guarantee.
Asset Refinance - releasing the investment in your ambulances
Asset Refinance allows you to use the value invested in your business assets - your ambulances - to use again. You essentially sell your vehicles to a finance company. They provide an agreed sum and then let you pay it back while retaining full use of your vehicles.
‘Jigsaw’ Finance - funding designed around you
Acquiring a competitors practice may mean a range of funding is required. We can provide jigsaw finance for your private ambulance business, which is a bespoke package made up of the most appropriate types of funding optimised for each need you have. We have found that it can help access a higher level of funding that could otherwise be provided by a single finance option - and reduce costs.
The finance you need to buy a competitor ambulance operator
At Rangewell, we always 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.
If you would like to find out more about setting up the finance you need to buy a competitor, simply call us. Whether you're looking at private ambulance partner buy-ins and buyouts or a different type of private ambulance finance, our experts are ready to help.
REAL EXAMPLES OF WHAT WE CAN DO
Help arrange funding as the basis of an acquisition
Find a lender to provide a Commercial Mortgage to acquire a business
Help arrange Jigsaw Funding for every aspect of a business acquisition
Work with an ambulance operator 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 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.
Simple and fast unsecured loansUnsecured loans can be arranged quickly - 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 the Medical Profession
What types of finance are there - which do you need?
Why not all providers are equal - finding the one that’s right for you
How we can provide an additional income stream
The downsides to finance - and how to avoid them
How to arrange finance - what paperwork do you need?
Key terms 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 your particular needs is essential to avoid excessive costs.
If you are unable to keep up repayments on a Hire Purchase or lease agreement, the equipment your business depends on could be could be at risk.
You may not be able to pull out of a finance arrangement once set up. This could present a problem if your business changes direction or if technology moves on rapidly.