Squat dental practice funding, turning dreams into a reality...
Posted on 17th August 2022 at 13:27
It has never been simpler to acquire funding if you are a qualified dental professional.
Plannng
Creating a short and powerful business plan or executive summary will enable you to document your vision for the practice whilst also presenting a clear proposition to potential funders.
To accompany your business plan or executive summary, you should also prepare a cash flow forecast.
The forecast is the most important indicator to highlight any shortfall in cash balances for your business.
You are now ready to start engaging with the dental equipment companies in terms of a surgery design and your equipment requirements.
Applicaton
By now, all of your business support documentation should be in order.
Underwriting expectations, what is a lender looking for?
As a starting point, most underwriters would want applicants to:
Be a registered dental professional on the GDC
(General Dental Council)
Have experience as an Associate
(to continue some of this role)
UK resident for at least 3 years.
Tax efficiency
Asset Finance currently offers up to 130% tax efficiency via super-deduction.
Attractive terms of up to 7 years and 100% funding (i.e., no deposit) are available allowing you to spread the cost of the capital outlay.
Suppliers will usually require a deposit and most facilities come with the option to release the monies in stages whilst the works are complete. We can also consider a deferral or low start option to help with cashflow in the very early stages.
In our 15+ year history, we have funded hundreds of new start practices, offering an exceptional range of low-rate facilities that not only meet your new business needs but also maximise those all-important tax allowances.
Additional new start support, including a free cash flow forecast guide, can be found on our dedicated new start hub.
Make your dream of practice ownership a reality today!
Share this post: