Optical

Optical finance

We offer tailor-made tax efficient solutions from our range of optical loans, leasing and hire purchase products. Our specialist team understand the financial challenges you face within the optical sector.

Optical finance designed to help you succeed

We provide bespoke optical finance solutions for optometrists, dispensing opticians and optical professionals designed to assist with the growth and development of your business.
 
Ranging from the acquisition or relocation of a practice, a shop fitting revamp, new technological equipment, or simply a loan to meet your tax demand we have a solution to help.

A speedy response from our in-house underwriters plus our ability to deal directly with multiple suppliers on your behalf allows you to concentrate on your day to day business. 
 
Our team of finance specialists will offer you the most tax efficient finance solution available taking into consideration your personal tax and VAT deminimis status.

Why use Braemar for optical finance?

Optical 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
  • Leasing
  • Tax loans
  • Personal loans
  • Consolidation loans
  • Practice loans

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 £200,000
  • 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
  • Flexible repayment terms
  • Free CHAPS transfer
  • Protects existing bank facilities
  • Quick and simple to arrange
  • HMRC receives payment 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
  • Over a term to suit
  • Simplifies cash flow
  • Improved 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.
 
Practice loans can be used for:

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

Optical finance products

  • Equipment finance
  • IT finance
  • Shopfitting finance
  • Vehicle finance
  • Patient finance: Fast Track

Our optical equipment finance can be used for profession specific equipment as well as providing funding for a total refurbishment.
 
Our ability to deal directly with suppliers on your behalf, allows you to concentrate on your daily business.

We can finance equipment such as:

  • Fundus camera                           
  • Autorefractor
  • Tonometer
  • OCT Imaging system
  • Digital test charts
  • Topographer
  • Keratometer
  • Lasers
  • Combi units
  • Blocking / Edging equipment

Our IT finance solutions ensure that any 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 items such as:

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

When your business needs a front office or a public practice area to accommodate your clients or patients it is often necessary to invest in renovations which incorporate designs and shopfitting to meet with the demands of your business.
 
Shopfitting finance can be used for:

  • Bespoke units
  • Consultation rooms
  • Contact lens area
  • Counter designs
  • Display units
  • Shop front and signage

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

 

Fast Track is our online patient finance solution which can be incorporated into your business.

It offers your patients finance for their lenses, frames, sunglasses, contact lenses or specialist sportswear at a monthly cost they can afford.  The application is quick and easy to use with instant decisions allowing your patient to purchase the eyewear of their choice.

Benefits to your business include:

  • Choice of interest free finance and interest bearing
  • Available 24/7
  • Patients offered manageable monthly payments
  • Enhanced service for your patients
  • Improves cash flow
  • Quick and simple to apply
  • Your business receives payment once eyewear ordered

Click here for more information on Fast Track, our patient finance product

View our step by step guide to incorporating Fast Track patient finance into your business

Optical finance client testimonials

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