Optimism is often a defining quality of the start of the new year – but how optimistic are businesses feeling?
According to research commissioned in the second half of 2019, dentists were relatively positive about their prospects over the forthcoming 12 months, with a quarter of dentists expecting their practices to expand compared to 19% who predicted they will either contract or close down entirely. The remaining 56% anticipated business would remain static.
On a more macro level, 62% of SMEs in the UK planned to seek funding for business investment within the year, which, despite the economic and political uncertainties experienced in recent times, is a figure that has remained surprisingly constant for a number of years.
On the subject of finance, a web search for ‘finance for dental practices’ will return a number of options for firms that cater specifically for practices. Whether a loan or asset finance is required, there are plenty of options.
What are the funding options available to dentists?
Unsecured business loans are available to assist when you need to borrow funds to invest in your business
Tax loans help to spread the cost of a tax demand into more affordable monthly payments
Consolidation and refinancing loans help to combine various existing agreements, credit card balances and other regular finance repayments over a term to suit, easing cash flow
Hire Purchase allows outright ownership of the asset and enables you to spread the cost over a term that suits you
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