Medical Practice Loans for Doctors & GPs

Every type of funding you need for your medical practice

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Funding options


Asset Finance

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

Practice finance

  • Deal with overheads
  • Pay staff
  • Support your cashflow
  • Bring in patients

Property finance

  • Rates from 2% over base rate
  • Terms up to 20 years
  • £50,000 – No Maximum
  • Up to 80% Loan to Value available

Talk to Rangewell – the business finance experts

Your medical practice is also a business, and every business needs financial support. At Rangewell we recognise your professional status, and we work harder to find you better solutions - including 100% finance for many needs.

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.

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As a medical doctor, you provide a vital service to the community

Whether you are working with NHS funding or are running a private practice as a consultant, getting the right financial solutions can be essential

At Rangewell, we help practitioners throughout the medical profession find solutions to their funding needs.

Table of Contents

The Growing Medical Industry

Health research studies conducted by the UK Private Health Advice in 2008 said that the amount people spent on personal health care was £520 billion. The income for the private health care sector was around £3.2 billion. 

Recent statistics show that back in 2018, the private healthcare industry in the UK was about £11.8 billion, and that figure is expected to grow to around £13 million by the end of 2023. 

When looking at these figures, it's understandable why the medical industry is a lucrative one to be involved in. 

If you're thinking about developing a medical or your health services business or practice. There are multiple start-up loans available to get your business up and running. 

If you want to help people with health conditions, speak to Rangewell today to see how we can help you!

Looking to finance your practice or surgery?

Speak to our medical finance team today for straightforward, independent support

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What is a medical practice loan?

A medical practice loan is a form of lending designed to provide physicians and health specialists financing.

Depending on the loan, you can use this loan for a range of different needs such as operation costs, purchasing new equipment, acquiring an existing practice, or starting a new practice.

What medical loan options are available for doctors?

As a medical entrepreneur just entering the market or an SME looking to expand, you can investigate various options for your medical practice. Below are a few options that may or may not suit your needs.

Secured Bank Loans 

Traditional bank loans may be able to offer practice loans to businesses that can meet their strict criteria. However, it can be challenging to qualify for medical practice funding, especially in the first stages. Getting a lower interest rate and a higher amount may prove challenging. Still, for the entrepreneur starting out, it may be impossible to get a high credit score, which is essential for security against the loan. 


By advertising your desire to start up a medical or health care practice on crowdfunding websites, you'll stand chances of having to wait months for the funds to be gathered. In some instances, the project won't be funded at all. 

Private Investors

Seeking out a private investor is an excellent way to get medical funding. While you can often get the funds you need quickly, investors will often want to have a say in the business, and for the medical sector, this is not ideal.

Business credit cards and overdrafts

If you're struggling to get a bank loan, then you might be able to access a business credit card or an overdraft facility. Most credit cards will have a limit on how much can be withdrawn, and often credit cards and overdraft facilities have limitations and high-interest rates.  

Business loans for medical facilities

At Rangewell, we can offer you brokered business loans for your medical practice. In addition, we offer unsecured loans, so you won't be required to secure the funding your receive against any collateral. Opting for an unsecured business loan may suit smaller businesses just starting and can support you with the extra support and flexibility when you need it the most. It will help with expansion costs or simply aid you in the maintenance and upkeep of your business. 

What can a business loan be used for?

Whether you are already working in private practice or considering setting up your own surgery or specialised clinic we can help you find the right type of funding option to:

  • Buy an existing practice
  • Set up a new practice
  • Acquire premises
  • Acquire equipment and assets
  • Provide working capital and finance growth
  • Deal with tax

Loans to buy a medical practice

Buying into an existing practice as a partner, or buying it outright perhaps from a practitioner who is retiring may require a substantial investment. It's important to assess the performance of the business to understand its current value. The patient base, the premises and equipment, and the value of any NHS contract need to be understood and assessed before you negotiate.

We can help you arrange a number of solutions to let you buy into an established practice. A Secured Loan is one answer, with the security provided by the practice itself. Another alternative may be a Partner Equity Loan. This can take the form of an interest-only loan with a term of up to 25 years, which can be the most cost-efficient way to buy into a practice.

If you are thinking of buying into a large practice, you may need to do so as a partner - or buy out a partner who may be retiring. Buy in and Buyout finance recognises the challenges and provides funding tailored to help you make full use of the opportunity.

Setting up a new doctor's practice

As a doctor, setting up your own practice will also have some substantial costs. There will be premises to pay for – most likely with a rental agreement in the first months and years at least.

There may also be substantial equipment costs, depending on your speciality. You'll also have staff and operating costs to provide for. A receptionist will be essential, and you are likely to need an assistant. Electricity and business rates will have to be paid for.

Remember, simply opening the door for business will not bring in patients. You will need funding while you become established and build a patient list.

You may need to borrow working capital to keep your practice running until it becomes profitable, which could mean having months of operating expenses to cover.

Funding for large facilities

If you are looking at the costs of setting up a large clinic or small private hospital, you may be looking at funding of several million pounds. At Rangewell we are able to help you find lenders who can provide the level of funding that you need.

Contact us to find out more about funding for major facilities.

What medical equipment can be funded?

Whether you are starting up, buying into an existing practice, or ready to move your current business on, a wide range of diagnostic and other equipment will be required.

Your equipment needs may include:

  • Lighting
  • X-ray equipment
  • Ultrasound equipment
  • Equipment sterilizers
  • IT equipment – from handheld devices to a centralised booking and billing system

What finance options are available for medical equipment?

At Rangewell we have found that Asset Funding can provide the most cost-effective solutions for most kinds of equipment you will use.

Hire Purchase

If you need equipment that you want to go on giving service for years, Hire Purchase can provide the solution. You can have up to five years to spread the costs of most types of equipment your surgery or clinic will need.


If you need the latest equipment without the cost of owning it, leasing will give you the freedom and flexibility you need. Leasing can mean that responsibility for maintenance remains with the leasing company, reducing demands on your time as well as reducing costs.

Vehicle finance

Asset finance solutions such as Contract Hire can be the most cost-effective way to provide a vehicle, which could be essential to make house calls.

Vehicle Finance could help you cut the cost of the vehicles you need.

New or used?

Good quality used equipment can be a sound investment, especially if you are setting up a new practice. However, many medical professionals miss out on the potential savings because they believe they need to find the cash to pay for it.

At Rangewell we can help you spread the cost of used as well as new equipment with Asset Finance.

Funding to buy your premises

Premises in a good location, ideally with parking and public transport nearby, will be a significant cost for your practice. You may need to for the deposit on a long-term lease.

Alternatively, you might want to buy with a Commercial Mortgage. Not only will buying your premises protect your practice from rent increases, but it could also provide you with a valuable asset.

Commercial Property Finance is arranged on an individual basis. A Commercial Mortgage could help you find solutions, whether you want to acquire your existing premises from your landlord or look at a new location.

Running and growing costs for your medical practice

Your existing practice will have ongoing costs that you need to deal with. You may want to refurbish your premises, for example, or buy smaller pieces of equipment. You might want to fund growth, take on staff or set up a treatment room for a junior practitioner. You might also need to deal with more cash flow issues, especially in the early stages of a new practice.

Solutions include:

Practice Loan

This type of lending recognises your status as a doctor and does not require security. It can provide a relatively high level of funding at a preferential rate of interest, which you may use for any purpose connected with your practice. Extending or refurbishing your practice, taking on staff, training or acquiring a competitor, or bringing in facilities to allow you to offer new treatments, such as cosmetic work can all be made easier to afford.

Practice loans can be used for many purposes including:

  • Refurbishment
  • Capital injection
  • Buy-ins
  • Cashflow support

Find out more by contacting us.

Tax loans

Large quarterly VAT bills or annual tax demands can cause problems with your cash flow, particularly when that falls at the same time as other costs.

VAT and Tax Loans for doctors help you to spread the cost of your tax demands into affordable monthly payments, ensuring that your practice does not have to go through cashflow difficulties because of a minor tax liability.

See how a Tax Loan can mean better control of cash flow with fixed monthly payments.

Working Capital Finance

Working Capital Finance is designed to boost the working capital available to a business. It's often used to provide cash to pay staff during the early weeks and months of opening a practice or during a period of growth. It is designed to be repaid in the short- to medium-term.

Growth Finance

Large-scale finance can be vital if you have major plans for your practice, such as acquiring a competitor.

Growth Finance is a special type of funding designed to fund your growth plans.

Even if your practice does not have an established profit record that lenders usually require, we can help you find solutions.

Get our help finding the most competitive lending for your needs.

Goodwill Loans

Goodwill Loans for doctors, also known as Cash Outs, use the value in your business as the security for a loan, and may provide a sum comparable to your annual turnover. This type of lending is suitable for any purpose inside or outside the business. Many medical professionals use it to fund investments or property purchases.

Unsure which type of finance you need?

Let our expert medical finance team support you - check all your funding options today

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Why Doctors need Rangewell to find finance

Your professional status can help you secure attractive rates for the funding you need, especially if you have NHS contracts, or a full patient book.

But not all lenders will offer the most competitive terms, and finding the most competitive deal across the entire market takes time and expertise. We know the lenders who can offer the most competitive rates for all types of finance, including:

As well as conventional loan products, we can help you find Alternative Funding, using new loan providers and innovative funding solutions.

Whether you have a straightforward, small-scale funding need, or require a complicated ‘Jigsaw' funding plan made up of a combination of financial products, we can work with you to find the answers.

Call us now to get our experts working for you.


  • Find the most competitive loan to let a small practice acquire a lease on an existing surgery

  • Arrange funding for laser equipment for a dermatologist

  • Source funding to help a doctor acquire a vehicle to provide home visits covering a wide area

  • Find the most competitive finance to allow an ENT consultant to acquire premise for his consulting room

  • Help a consultant arrange ‘jigsaw’ funding to allow her to acquire partnership in an existing practice, and provide a capital injection

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

  • Lending tailored to your needs
    At Rangewell we use our expertise to help you find the most appropriate finance for any funding need your practice faces.
  • Funding scaled to your practice
    Funding solutions are available for your practice whatever its size, and whether you need individual items or a complete surgery costing thousands of pounds.
  • Helping you acquire premises
    You need premises in the right location and with the right combination of space and facilities for your patients.
  • Reducing risk with Asset Funding
    If your practice was to become unable to make the payments on equipment, the lender could simply repossess the equipment to cover their loss. No other assets are at risk.
  • Helping you provide the best treatment
    You need the best equipment to provide the best treatment for your patients. We can help you find finance for whatever you need to support your professionalism.
  • Specialist lenders
    Some asset funding providers specialise in particular sectors. At Rangewell, we can help you find the most appropriate lenders for your medical practice.

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Frequently asked questions

Have a question?

How can I get a medical loan?

To find out if you're eligible for medical business funding, you'll need to check that your business is:

  • Registered in the UK
  • Have been operating for at least 6 months
  • Has a monthly turnover of at least £5,000
  • Has a business owner above the age of 18

Speak to Rangewell to find out more today! Come prepared with your practice details and we'll be able to get you started on your medical practice journey!

What credit score do I need for a medical loan?

Securing a loan with Rangewell is easier. Our brokers provide loans based on business performance and not your credit score. Even our bad credit loans can give you the support you need so that your business thrives!

Are medical loans easy to get?

Your credit rating might not be what it should be, and this means it can be hard to secure funding for your business. With traditional lenders, it will be tough for small businesses to access finance due to the strict requirements, and a poor credit rating will only make things more difficult. 

Speak to Rangwell today to understand your health care financing options. 

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.


We make no charge of any kind when we help you find the loan you need.