Buy premises with a commerial mortgage from 2% above base rate
Buy your competitors
Take on staff, expand your practice
Any funding need
Release wealth from your practice with a goodwill loan
Tax bill? Spread the cost
Lending to let you buy in as a partner
Fund marketing - training - development
Talk to Rangewell – the business finance experts
At Rangewell our team of business finance experts work across the entire lending market. We know the lenders who understand your professional needs, and can deliver the funding solutions designed to help you run and develop your opticians practice
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.
Finding better financial solutions for opticians starts with a call to Rangewell.
including 100% deals
As an optician with a practice to run you need finance that recognises your professional status and the challenges you face. At Rangewell we work harder to help you find it. Remember, as an optician you have a special status - lenders may be able to offer 100% finance for many of your business needs.
Funding for opticians equipment
Whether you are starting up, buying into an existing practice, or ready to move your current business on, specialist equipment is vital. From a smart mirror to a keratometer, you need the latest equipment both in your consulting room and in your shop.
At Rangewell we have found that Asset Funding can often provide the most cost-effective solutions:
If you need equipment that you want to go on giving service for years, Hire Purchase can provide the solution.
If you need the latest equipment without the cost of owning it, leasing will give you the freedom and flexibility 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 opticians miss out on the potential savings because they believe they need to find cash to pay for it.
At Rangewell we can help you spread the cost of used as well as new assets with Asset Finance. Find out more here.
Vehicle finance for opticians
Asset finance can also be the most cost-effective way to provide vehicles.
Buying an existing practice may require a substantial investment, but it may be possible to arrange a straightforward business loan to help you buy your first 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.
If you want to buy additional practices, dedicated acquisitions finance may be available. Find out more here.
Buying an optician franchise
Franchising is becoming an important development in the UK high street. An optician franchise will mean a substantial initial fee, a monthly fee and additional expenses for specified equipment and shopfitting. Conventional business lenders, such as banks, may not be able to help, as your business is technically a start-up, lacking a business history.
Premises in a good location, ideally with parking and public transport nearby, will be a major cost for your optician practice. You may need to borrow for the deposit on a long-term lease. Alternatively, you might want to buy with a Commercial Mortgage.
You need to present a stylish and modern interior to bring in customers. Find out more about finance for refurbishment.
Funding opticians with a Practice Loan
This type of lending recognises your status 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.
Contact us to find out more about whether a Practice Loan could benefit your optician business.
Tax loans help you to spread the cost of your quarterly and annual tax demands into affordable monthly payments.
Working Capital Finance is designed to boost the working capital available to a business. It's often used to provide cash to pay staff and suppliers while business is slow 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.
Goodwill Loans, 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 opticians use it to fund investments or property purchases.
Whatever your business finance need, we can work with you to find a financial solution. Find out more about Unsecured loans and Secured loans.
Jigsaw funding for your optician's practice
If you have a major project, such as acquiring another practice, you may require funding from more than one source. At Rangewell, we are experienced in creating this kind of ‘Jigsaw’ funding, which allows us to use our financial expertise to provide the most cost-effective solution for each aspect of your financial plans.
An additional commitment Borrowing may be a long-term commitment, with ongoing monthly repayments which will affect your cashflow.
You may need to repay If you sell your business, you may need to repay your borrowing.
Borrowing may be a personal liability Lending will be secured on your practice, but you may be personally responsible for repayment with some types of loan.
Frequently asked questions
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What does Rangewell do?
Rangewell helps every type of business find every type of finance. We do so in a quick, simple and transparent manner.
Our mission is to help UK businesses find, compare and apply for business finance in a easy and straightforward way as possible. The ability to apply for business finance in under 5 minutes means that applying for finance through our platform could not be easier.
Real Business Finance Experts work alongside our platform to help and support every application and are available every step of the way.
What makes Rangewell unique?
Rangewell are unique
We are the only provider to comprehensively and independently map over 300 business finance lenders and 23,000 business finance products in the UK - so you don’t have to.
We have real Business Finance Experts working alongside our platform who help and support businesses every step of the way.
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Our finance experts are waiting to answer questions and discuss your finance options. Get in touch with us and we'll be happy to help.