Refurbishing your hospital
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Your private medical facility needs to offer the highest standards of clinical efficiency. Tired surroundings, worn carpets and outdated equipment detract from that impression - and send patients, visitors and staff a negative message
It also makes it harder to pass CQC inspections - which could even see your facility shut down. Remember, the CQC team could turn up at any time for an inspection. You cannot allow any standards to slip.
So what can you do if you feel that there are issues that you need to address - or even more important - if you are given a notice by CQC inspectors?
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 hospital refurbishments
A business loan could provide solutions for many types of refurbishment work, from simple redecoration to major conversions, as well as the construction of extensions - even new wings and facilities.
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 of finance to you. They can have a part to play in expanding your business, and could even be sufficient to acquire smaller premises.
REAL EXAMPLES OF WHAT WE CAN DO
Find a lender to provide funding to update a 1970’s clinic to modern standards
Help arrange Asset Finance to re-equip an operating theatre
Help arrange a Secured Loan for the construction of a new radiography suite
Find the most effective source of funding to allow a complete overhaul of a 30-bed surgical facility
The finance you need for your hospital or clinic
Many lenders will be happy to work with you - but not all will be able to offer the most competitive solutions for your specific sector and needs.
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. 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 finance for hospitals and surgeries, simply call us. Our experts are ready to help.
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Our goal is very simple - to help businesses find the right type of finance as quickly, transparently and painlessly as possible.Find Funding
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Funding which is tailored to your needsFunding can be drawn together from several sources and tailored to the needs of your clinic or hospital facility.
Funding that recognises your status as a medical professionalAs a professional practice owner, you may be able to enjoy preferential rates for borrowing.
Unsecured Loans which are simple and fastUnsecured Loans can be arranged quickly so you don't 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 facility to the standards you want, and spread the cost.
Early repayment optionsSome loan providers may also accept early repayments, which will actually reduce the total cost of your borrowing.
Cutting your borrowing costsAt Rangewell, we search the entire UK lending market to find the most appropriate solutions for your clinic's funding needs, to help 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 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?
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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
Getting the right funding arrangement is essentialThere are many forms of business finance available. Getting the most appropriate type for the business needs of your practice is essential.
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.
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.