Specialist
Medical Equipment Finance
Funding Solutions for Medical Professionals
Funding Solutions for Medical Professionals
Medical equipment is essential for healthcare providers to diagnose, treat and monitor patients effectively. However, this equipment can be extremely costly to purchase outright. Medical equipment finance & leasing provides a way for practices, clinics, hospitals and other medical facilities to access the latest technology without tying up significant capital.
Instead of paying the full amount upfront, you can spread the cost over an agreed term, usually 12-60 months, via affordable monthly payments. At the end of the lease, you have options like returning the equipment, extending the lease, or purchasing it for the residual value.
There are funding solutions available for virtually any kind of medical device or healthcare equipment, including:
Depending on your requirements and preferences, there are different finance products you can utilise - here's a brief overview:
At Clifton Private Finance, we understand that financing costly medical equipment can seem overwhelming. Our team of experts is here to guide you through the process and make it as seamless as possible. Financing medical equipment through us is a straightforward process similar to any other type of business loan or asset finance.
Here's how it typically works:
Discuss Your Requirements - Start by discussing your specific equipment needs and budget with our specialist brokers. We'll take the time to understand your practice, clinic or facility's demands - whether you require diagnostic imaging systems, surgical equipment, therapy devices or an entire clinic fit-out. Our brokers will assess your financial situation and advise on the best financing options.
Select Equipment & Agree Terms - With our vast network of trusted medical equipment suppliers, we'll help you choose the ideal machines, devices and technologies to meet your clinical requirements. We'll negotiate competitive pricing and terms on your behalf directly with suppliers.
Sign Finance Agreement - Once you've selected your equipment and preferred financing option (lease, hire purchase etc.), you'll sign the finance agreement documentation. Our lender partners will then pay the suppliers directly so you can receive the medical equipment without any upfront costs.
Receive & Install Equipment - As soon as the finance agreement is in place, the equipment can be delivered and installed at your premises right away with minimal disruption to your operations.
Make Regular Payments - You'll simply make manageable, fixed monthly payments over the agreed term, tailored to your cash flow. Our team will structure an affordable payment plan that suits your budget.
End-of-Term Options - At the end of the finance term, you have flexibility based on your agreement type. Options typically include purchasing the equipment outright, returning it to the lender, or upgrading to newer models using a new finance agreement.
Don't let upfront costs prevent you from accessing critical medical technology and equipment. Contact our team today to discuss your financing requirements. We'll guide you through the entire process, explore all the available options, and ensure you have the equipment you need to provide exceptional healthcare services.
Conserve Working Capital - By spreading costs, you can preserve cash reserves for other expenses.
Tax Efficiency - Payments can be offset against taxable profits, providing tax relief.
Asset Management - Avoid issues of obsolescence and costly upgrades/disposals.
Cost Control - Fixed regular payments allow easy budgeting.
One Provider - We arrange both equipment and funding from a single source.
Long-term Costs - The total cost after interest can exceed cash purchase price eventually.
Credit Checks - Applications involve credit assessments which can impact credit scores.
End-of-Term Options - Return, extend or purchase asset per the agreement terms.
Funding amounts can cover between 70-100% of the total equipment value. This depends on factors like the asset type, age, condition, and your trading history. Many lenders require a deposit of 10-30%, though some products are available with 100% financing.
Be prepared to provide details on the specific equipment you need, including quotes, specs and expected usageYou'll also need to supply financial statements, business plans, tax returns and potentially collateral details if applicable. We'll advise you on the precise requirements.
Lease agreements generally range from 12 to 84 months. The optimal term depends on your projected usage needs and cash flow. Short terms of 1-2 years suit temporary requirements, while longer 5-7 year terms are suited for core medical assets.
Yes, in most cases the finance lease or hire purchase payments can be deducted as allowable expenses against your taxable profits. This provides tax relief by reducing your overall tax burden. The deductibility and amount depends on your finance type.
The most common end-of-term options are to return the equipment to the lender, extend the lease for longer use, or purchase the equipment outright for the residual value. Some agreements allow you to trade-in for new models.
Most finance agreements do have fees for early termination or settlement before the full term is complete. However, a few products offer more flexible terms with no penalties if your situation changes.
Absolutely, most medical equipment financiers allow you to bundle service, maintenance and repair costs into your payment plan under an operating lease structure.
Upon finance approval, we can have the ordered equipment delivered and installed at your facility within 2-4 weeks on average for stock items. More complex equipment may take 6-8 weeks.
We work with all types of medical facilities - from brand new start-ups to well-established private practices, clinics and hospitals looking to upgrade or expand.
Whether you require an MRI scanner, ECG machine, surgical table or any other critical healthcare equipment, our team at Clifton Private Finance can provide expert guidance and arrange affordable financing tailored perfectly to your needs.
Looking for medical equipment finance in the UK? Our expertise can assist with:
Evaluating Finance Options - We'll assess if financing is the optimal solution for your practice, clinic or facility's equipment requirements.
Recommending Suitable Products - Our specialists will determine the ideal finance types based on your usage needs, budget and business plans.
Structuring Affordable Terms - We'll calculate manageable rates, payment schedules and terms to maintain healthy cash flow.
Streamlining the Application - Leave the entire finance application process to us, from documentation to securing approval.
With our extensive panel of specialist medical equipment lenders, we leverage robust relationships to negotiate competitive rates and flexible packages aligned precisely with your situation.
Don't delay in acquiring the essential machines and technologies to enhance your healthcare services. Discuss your medical equipment financing needs with our experts today. We're committed to supporting your ambitions through smart, tailored funding solutions.
I approached Clifton Private Finance to help me get a mortgage as an Expat working in the Far East. I would normally 'cut out the middle man' on something like this and try to get myself a deal directly with the banks, but I am now sold on the broker concept and wouldn't hesitate to use Clifton Private Finance again. There were a number of complicating factors such as being an expat, the stamp duty holiday, the sheer amount I wanted to borrow and the fact I wanted it all wrapped up before the Stamp Duty holiday ended. It is clear to me now that the relationship that brokers have managed to foster with their banks means they can simply pull levers and make stuff happen that us ordinary folk cannot. Put simply, they are worth every penny, will take most of the stress out of the lending process, and seem to have access to deals that you just won't find on the internet. Thank you George and Jan for all your hard work!
James M
Luther was excellent. Very clear in his advice and explanations of products and was able to move things on very quickly when we ran into difficulties with the estate agents. Without a doubt I would recommend Luther to all friends, family and colleagues. Luther was a joy to deal with and took a lot of the stress out of a troublesome transaction, from my end. I would view Luther as real asset to Clifton Private Finance Ltd.
William W
The team at Clifton Private Finance has been outstanding, not only in helping me to obtain a mortgage on a slightly unusual home, but also in continuing to provide support and liaise with the lender and solicitors through to completion. Thank you for making the process of buying my first home much easier.
Chantelle S
Sam O'Neill, and the new lender he identified for me, worked tirelessly together using my time constraints, to make sure my mortgage application was completed on time. They are a brilliant company to work with, fast, efficient, open and transparent from the very beginning, and turned a seemingly impossible situation into a viable one. Sam was brilliant throughout the whole process and I would highly recommend him, and his colleague Helen, to anyone without hesitation, I cannot speak highly enough about them.
Myr B
I was incredibly lucky to find Clifton Private Finance after a search on line as their service has been more than exemplary. My point of contact was Sam 0’Neill and he was happy to help at every stage during the application of the bridging loan, making a stressful process much easier to deal with. He was always available by phone or email and gave prompt answers to queries I had as well as always getting back to me when he said he would. That to me is excellent customer service and I cannot thank him personally or the company enough for the support they have given me.
C Jefferey
Adam cannot thank you enough for all your support throughout this arrangement. You have gone more than the extra mile to support us. Without you we would not have got our dream retirement home. You have been most professional and personable. Liz and I would be more than happy if you wanted to use us a reference with respect to any future clients.
Nigel & Liz K - Bristol
You have certainly shown me that you do everything for your clients, including tolerating their excessive emails and questions for updates. I have been kept in the loop, from yourself, about why the delays were occurring (Nationwide, post etc) which I would like to highlight that I really appreciated. I certainly will be able to recommend you to others as and when the need arises.
Mr Morris
I recently contacted Clifton Private Finance after a Google search for bridging finance providers and was immediately struck by their efficiency and support. Forms were emailed over almost immediately and the necessary finance was arranged within a few days. None of the other companies I contacted came close to their professionalism, and the quote that I eventually received was impressive. Thank you Adam, your help has enabled us to reserve the house that we wanted and I certainly recommend you to others.
Mr M. R. - Oxford
Absolutely brilliant. The service was first class, got everything sorted efficiently and were always friendly. Any fees were negligible compared to the service offered. Robert was particularly outstanding.
Charles N
My advisor, Robert, was very helpful in finding the mortgage to suit me. He kept me up to date throughout the process and dealt with any issues when they arose.
Rowena C
