Practice Loans

Funding that recognises your professional status



  • Cash for any business purpose
  • Fund equipment
  • Fund premises
  • Fund growth


  • Unsecured lending from 2.4%
  • 6-60 months repayment terms
  • Used in conjunction with other loans
  • Additional line of credit

Professional solutions

  • Tax funding
  • Practitioners insurance costs
  • Practice acquisitions
  • Disbursements

Talk to Rangewell – the business finance experts

Your practice may provide many demands for finance. By recognising your professional status, a practice loan could provide the answers.

As a professional running his or her own practice, you represent an excellent prospect for lenders. They can recognise your status as a professional with preferential rates. At Rangewell we can help you find the practice loan that is right for your practice.

What is a Practice Loan?

A Practice Loan is an Unsecured business loan available to providers of practice-based services including doctors, physiotherapists, and veterinary practices, as well as legal and accountancy professionals.

They can provide your practice with a low-cost form of funding from as little as 2.4%, giving you a valuable and exceptionally versatile additional source of credit.

Loans may be used for a wide range of business purposes, such as the purchase of equipment, refurbishment of premises, the acquisition of additional businesses or answering other needs, from bringing in additional staff to dealing with tax bills. Practice Loans offer competitively low rates that reflect the professional and business-owner status of those eligible, and repayment terms that can run for a few months to five years. They can also be used with other funding products which may offer longer terms.

They are repayable by your practice, although you would become personally responsible if your practice was unable to make repayments.

    Some of the uses of Practice Loans include:


    If your practice requires new equipment, the costs involved may be high. A practice loan may be used - perhaps in conjunction with asset finance - to cover the costs of everything from basic office equipment and IT to specialised medical systems.

    Working Capital

    When your practice needs support to meet bills and keep operations running, perhaps during a seasonal downturn or during a period of growth. Loans may be arranged with a short repayment term to support you while waiting for a large payment, or with a longer repayment term, from 12 to 60 months to support planned growth.

    Practice Acquisitions, Partner Buy-ins and Buyouts

    The cost of acquiring a practice or buying in as a partner may be high, and an unsecured practice loan may not be sufficient to provide the level of funding required. However, if a repayment term longer than the basic five years is required, it may be possible to reduce the repayments with a facility which is part unsecured and part secured. Solutions can be provided for practices wishing to buy-out retiring partners or directors or for current partners to increase their shareholding.

    Premises costs

    A practice loan may provide funding for the downpayment on a lease, or be used with other loan products such as Commercial Mortgages to fund property purchases.

    Tax liabilities

    VAT or tax bills can both be dealt with a short-term Practice Loan. Many practices also use them to finance each quarter's VAT, allowing cash flow to be smoothed with monthly repayments. A similar approach can be taken to spread tax payments over the entire year.

    Personal self-assessment bills, partnership liabilities and corporation tax can all be covered in this way.

    A loan facility can also allow you to use the capital set aside for tax bills to be invested immediately in practice growth.

    Professional Indemnity Insurance

    The cost of insurance can be high, and it is essential for you to do business. In some sectors, the premium may be large enough to present a significant drain on cash resources. A Practice Loan can allow you to spread repayments to match your renewal period. A similar arrangement can be made for practising certificates.


    A smart professional or clinical appearance is essential for your practice. The costs may be daunting initially and, although Asset Finance may provide some solutions for hard assets, soft assets (items like carpet and fittings with no resale value) may be difficult to secure Asset Funding for. A Practice Loan can provide for these soft assets as well as the costs of skilled fitting and refurbishment.

    Practice Development

    A Practice Loan can be used to support your growth and development plans. These may include bringing in additional staff, training, marketing and advertising.

    Aged Debt and Disbursement funding

    A Practice Loan can support cashflow affected by unpaid bills for work completed, as well as funding for third-party experts and similar incidentals.

    The advantages of a Practice Loan

    • Reduced cost - using a loan that reflects your professional status can mean a substantially lower interest rate - and lower monthly repayments
    • An additional line of credit - a Practice Loan can often be arranged even if you already have other financial commitments
    • Cashflow - preserve your working capital by calling on affordable external funding
    • Flexibility - your Practice Loan can be tailored to your needs
    • Predictable payments - arranging a Practice Loan can provide a predictable monthly repayment, and reduced administration
    • Save time - Rangewell’s expertise can mean finding the funding you need faster

    How we help you capitalise your practice with Practice Loans

    At Rangewell, we work across the entire lending industry. Our team of finance professionals and our finance experts have personal experience in all types of business solutions. Our team knows the lenders who specialise in each type of finance.

    We put this knowledge to work for you, finding the most competitive deals for each of your business needs. It lets us ensure that we find you the most appropriate financial solutions you need to capitalise your business.

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

    Simply call us now to find out more about a Practice Loan or other funding solution.

    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.