Refurbishing your Chiropractic Clinic
- 1 to 60 months
- Borrow up to £250,000
- Rates from 4.9%
- Straightforward monthly repaymentsStraightforward monthly repayments
- Fixed repayments
- Flexible repayment terms
- Rates from 2% above base rate
- Larger sums available
- Provide equipment
- Hire purchase from 6%
- Lease with no upfront costs
- Cover all types of assets
Your chiropractic clinic needs to be clean, modern and well-equipped. We can find the most cost-effective way to fund refurbishments.
Providing fresh modern surroundings for your patients and the equipment you need to treat them can be a major expense.
At Rangewell, we can help you find solutions for refurbishment, using our contacts across the entire UK lending industry to provide the most cost-effective answers for your particular needs.
Borrowing to fund refurbishment
A business loan could provide solutions for many types of refurbishment work, from simple redecoration to conversions and constructing extensions.
Secured Loans can provide a high level of funding, with rates that can be as low as 2% above base rate, and ten or more years to repay. They are secured because they are supported by security, such as your existing premises or your home, that the lender can 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. They can have a part to play in expanding your business, and could even be sufficient to acquire smaller premises.
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. They are suitable for smaller sums, up to £250,000, and repaid in monthly or quarterly instalments over an agreed term under 5 years. 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.
“Surroundings count for a lot. The days when you could get away with whitewashed walls and a secondhand bench are gone. These days people expect the same high standards from their Chiropractors as they do from any other medical professional. That means a comfortable waiting area, modern decoration and the latest apparatus. You will probably need air conditioning too.
Fitting out your practice with that equipment is expensive - but if you want to bring people in you can’t afford not to make the investment.”
REAL EXAMPLES OF WHAT WE CAN DO
Find a lender to provide funding to update premises
Help arrange Asset Finance to re-equip a consulting room
Help arrange a Secured Loan to extend a practice’s premises
Find the most effective source of funding to allow a chiropractor to overhaul their entire property
The finance you need for your chiropractic clinic
As a professional with your own practice, you may be in a very good position to raise the finance you need when you are ready to consider expansion.
Many lenders will be happy to work with you - but not all can offer the most competitive solution.
At Rangewell, we know lenders that offer the most attractive funding solutions. But we don’t stop there. We will work with you to understand your business plans, and use our expertise to help find the funding that meets your needs. Whether you need Unsecured and Secured Loans, Invoice Finance, Asset Finance, Merchant Cash Advance, Commercial Mortgages, Growth Finance or other business funding, simply call us. Our experts are ready to help.
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 may be 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.
Ensuring you have the equipment you needAsset Finance can help you ensure you can equip your new practice to the standards you want, and spread the cost.
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 for your chiropractic practice?
The types of funding available, including for working capital, equipment, tax, growth, buy-ins and premises
What financing options are available to chiropractors in terms of equipment financing and equipment leasing?
Why not all providers are equal - finding the one that’s right for you
Is it important to use a lender who is authorised and regulated by the financial`conduct authority?
The downsides to finance - and how to avoid them
How we can provide an additional income stream
How to arrange finance - what paperwork do you need?
What to expect with monthly payments
Key terms explained
Please click to download our free e-book on finding finance for chiropractors
Getting the right funding arrangement is essentialThere are many forms of business finance available. Getting the most appropriate type for your particular needs is essential to avoid excessive costs.
Your key equipment could be at riskIf 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.
Long-term financial commitmentsYou may not be able to pull out of a finance arrangement once set up. This could present a problem if your practice changes direction or if technology moves on rapidly.
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.