Start-up finance for your medical practice


Asset Finance

  • Spread the cost of any equipment
  • Use the latest technology
  • Buy with monthly payments
  • Lease with no upfront cost


  • Secured and Unsecured loans
  • Borrow for any purpose
  • Predictable monthly repayments
  • Tailored to your cashflow

ANY funding need

  • Equipment and vehicles
  • Working capital
  • Pay staff
  • Fund marketing - training - development

Talk to Rangewell – the business finance experts

If you are ready to launch your practice, at Rangewell, we’re ready to use our contacts across the entire UK lending industry to provide the funding you need.

Setting up a successful new practice will depend on your hard work - and access to the funding you need

Setting up a new medical practice will mean financial as well as professional challenges.

Traditional lenders are only interested in lending to established businesses with years of audited accounts. Even the new breed of online business lenders usually want evidence of a year’s trading, with online accounts and VAT returns before they will consider an application. As a start-up, your practice has no trading history - so they have no evidence that they will be repaid; they see the risk as too high for lending.

But you will need a high level of finance to set up your own medical practice. You will need premises, equipment, marketing, and working finance until you have built up a patient list and become profitable.

At Rangewell, we know that there are solutions. Whether you borrow money, dip into your savings, look for equity investors or go another route, you need to understand all your options before you choose. At Rangewell, we can show you all the options, and we have a 5-step plan to help you to secure the finance you need.

The Rangewell 5-step plan to help you set up your own medical practice.

Step 1

Your first step should be to ensure you understand the real costs and challenges your new practice will present. If you are serious about running your own practice, you should be able to decide on a clear figure of just how much finance you will need, and be able to explain exactly how you will use it.

Step 2

Then ensure that your own personal financial situation has no issues like outstanding debts, CCJs or other negatives. You may need to provide a personal guarantee to secure the funding you need, and although as a medical practitioner you represent a good prospect for lenders, the better your credit status, the better deal you may get.

Step 3

Prepare a business plan with a forecast profit and loss, your balance sheet and your cashflow. This should help you see how much funding you need and help lenders or investors understand the potential of your practice. You may need to include forecasts for two or three years ahead as your patient list builds.

Step 4

Now simply contact us. We’ll help you use your business plan as a tool to help secure the funding you need. Because we work across the entire UK lending market, we know which lenders to approach.

Step 5

We will find lenders who are prepared to provide the finance you need and use our unique online system to ensure you can secure the funds you want at the most competitive rate.

The types of funding you might need to set up your practice

A Commercial Mortgage

Premises will be a major cost for your new practice, but buying with a commercial mortgage may cut costs compared with leasing. Commercial Mortgages work much like a residential mortgage and can be used to help you buy a surgery or even a  complete existing practice.

Commercial Property Finance is arranged on an individual basis, and your rates and terms will be agreed based on your business plans.

Commercial Loans

There are two main types of commercial loan - Secured and Unsecured which could help provide the funding you need.

Secured Loans must be supported by security, such as your home, 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. Larger sums may be available with a secured loan.

Unsecured business loans are a straightforward way of borrowing and operate much in the same way as a personal loan. The loan is repaid in monthly or quarterly instalments over an agreed term 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 Finance

Asset Finance covers a range of funding solutions designed to let you spread the cost of everything you need to equip your practice:

Hire Purchase lets you acquire equipment straight away, with a single deposit payment. It then lets you spread the costs in regular monthly instalments over up to 5 years. At the end of this term, you own the asset outright, making it ideal for items which have a high cost and a relatively long life.

Leasing works much like a rental agreement. It lets you use the equipment without having to buy it, with a payment each month to the finance company. For technical equipment which could go out of date, leasing can be ideal, as it can be easy to update when a better model becomes available. Leasing can also include maintenance agreements - meaning that keeping your equipment in perfect condition remains the responsibility of the lender - helping you avoid any unexpected costs.


  • Find funding to allow a new practice to acquire premises

  • Help find the most competitive funding for the first months of a new practice

  • Source a professional loan for doctor ready to start a practice

  • Find the most competitive lender for equipment and spread the cost with HP

  • Help arrange ‘jigsaw’ funding for all aspects of a startup

Government-backed Start-up Loans

Government-supported start-up loans are now available for entrepreneurs looking to start a business. The scheme is designed for individuals over the age of 18 who have a viable business plan, but no access to finance. The scheme can provide loans to businesses in every sector, which means that they may be worth considering for your practice - particularly if it is a location not well served by existing doctors

‘Jigsaw’ Finance

Setting up a practice may mean finding the solution to a wide range of funding needs. We can provide Jigsaw Funding - a bespoke package made up of the most appropriate type of funding for each one. We have found that it can help access a higher level of funding that could be provided by a single finance option - and reduce costs.

The finance you need

At Rangewell, we will work with you to understand your plans for your practice, 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.

Meet real practice owners who have recently started up

I wanted to set up an ENT consultancy. Rangewell helped find the funding.
I didn’t know where to start. Rangewell helped every step of the way.
Medical experience does not prepare you for the financial challenges. Rangewell helped me find the answers.

Helping you build your profits

Funding to suit your plans

Every practice is different, and we can work with you to find financial solutions designed around your particular circumstances.

Take your pick of the lending market

We understand all types of business finance, and have mapped thousands of products from hundreds of suppliers.

Experience with all sectors

Our expert team includes people who have worked in your sector. They understand the challenges you face, and know the answers.

Jigsaw finance

You may need finance with different types of lending for specific purposes. Because we cover the entire business lending market, we can help you find tailored jigsaw funding.

Getting government support

Government startup funding can help provide the investment you need. At Rangewell, we can help you secure it.

Finance that can grow with you

Having flexible funding that can grow with you could help you make the most of the potential of your practice.

Download Rangewell’s free and detailed guide to starting a business

Rangewell Ebook - Download Rangewell’s free and detailed guide to starting a business
  • What finance is available for startups?

  • Can a loan get your business off the ground?

  • What are the real costs?

  • Why you must find the right lender - and why most lenders can’t help

  • The downsides of borrowing

  • What are Guarantees and security?

  • Key Terms to check

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Lenders may be reluctant

Some lenders will not lend to a start up, because you have no trading history. Those that do may expect a higher interest rate to cover their risk.

Funding must be repaid from profits

If you secure lending to launch your business, you will have to repay it before you can show a profit.

Your assets may be at risk

If you take out a secured loan based on the value of your home and your business failed, you might be forced to sell your house?

Our service is...


Transparent and independent, treating all lenders equally, finding the best deals.


Every type of finance for every type of business from the entire market - over 300 lenders.


Specialist Finance Experts support you every step of the way.


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