Skip to main content
Enquire
  • Home
  • Professions
  • Medical

Medical finance

Our medical loans are designed to help grow and develop your business. Our team of specialists understand the financial challenges and opportunities in the medical sector and nursing homes.

icon

Medical finance designed to help your practice succeed

Our medical finance solutions are designed to help general practitioners, medical specialists or nursing homes obtain the assets they need to grow and develop their business. You may need finance to support a variety of purposes ranging from a refurbishment project, new equipment, IT and office solutions or simply to pay your tax bill.

Medical finance agreement types

Our range of Leasing, Hire Purchase and Loan products allow for fixed monthly repayments enabling you to budget with confidence whilst enhancing your cash flow.

    Hire Purchase allows outright ownership of the asset and enables you to spread the cost over a term that suits you.

    • Expenditure may be allowable against taxable profit within your Annual Investment Allowance in the year of purchase to the sum of £1,000,000
    • Easier cash flow budgeting as repayments are fixed
    • Capital preservation - existing funds can be used elsewhere
    • Interest charges can be offset against profits for taxation
    • Outright ownership on completion of the agreement

    If you want to maximise the use of your equipment without the responsibility of owning it, leasing will give you the freedom and flexibility you need.

    • Easier cash flow budgeting as repayments are fixed
    • Capital preservation - existing funds can be used elsewhere
    • No upfront deposits required
    • Protection of existing credit lines, making any further borrowing easier
    • Fixed payments - tailored to suit your individual circumstances
    • Tax efficient - repayments may be offset against taxable profit
    • Up to date equipment - be ahead of your competitors

    Tax loans permit you to spread the cost of your tax demand into affordable monthly payments.

    Benefits of a tax loan:

    • Control of cash flow
    • Fixed monthly payments
    • Faster Payments
    • Protects existing bank facilities
    • Quick and simple to arrange
    • Flexible repayment terms
    • HMRC receives funds on time

    A personal loan is a form of borrowing that can be used for virtually any purpose which is both easy and convenient and allows you greater flexibility.

    Personal loans can be used for purposes such as:

    • Tax bill funding
    • School fees
    • Home improvements
    • Weddings
    • Holidays

    If you have a number of existing agreements, credit card balances and other regular finance overheads, a consolidation loan may be the way forward.

    Benefits of consolidation and refinancing:

    • Combines finance commitments
    • One monthly payment
    • Term of agreement to suit
    • Simplifies cash flow
    • Improves budget control

    When buying into or starting up a new business, you may need to borrow funds to support the purchase or invest in renovation.
     
    Business loans can be used for:

    • Acquisition finance
    • Refurbishment projects
    • Capital injection / release
    • Buy in / buy outs

    Typical uses for finance in the medical profession

      Our IT finance solutions ensure that the applicable tax advantages are taken into consideration when looking at the funding you require. All related costs can be combined under one agreement, offering easier management of your cash flow.

        IT finance can be used for:

        • Updating hardware / software
        • New monitors, keyboards and mice
        • Scanners / photocopying machines
        • Tablets and iPads
        • Operating licences and renewals
        • IT system installation
        • Training
        • Maintenance

        We are experienced in all aspects of new and used vehicle finance. We can help you upgrade your existing vehicle, buy an additional car or a fleet for your business and we can provide a finance package, incorporating balloon payments or refinancing, whatever your circumstances require.

        Vehicle finance can be used for:

        • Buying a second car
        • Change of existing vehicle
        • Purchase of a classic car
        • Purchase of a fleet of vehicles

        Contact us today

        You can always expect a speedy response from our in-house underwriters plus our ability to deal directly with multiple suppliers on your behalf, means you can concentrate on your day-to-day business. Get in touch today to find out how we can help you.

        Get in touch

        Medical finance client testimonials

        We have used Braemar Finance several times over the past 2 to 3 years for tax funding and cash flow loans.
        Their approval processes are swift and not excessive plus the service provided by the Area Team is always extremely efficient and friendly.

        Dr Harrison

        Howden Medical Centre