Thinking of starting a new dental practice?
Starting a dental practice involves substantial investment. We offer various options such as business loans, asset finance, and flexible repayment plans to support your business growth.
Introduction
Starting a dental practice can be incredibly rewarding, but it requires a significant upfront investment. At Close Brothers, we offer a variety of finance products designed to help you manage these expenses effectively.
Understanding the costs
Before opening your doors, you’ll need to make various investments, including securing a location, refurbishing the property, and purchasing essential equipment, like x-ray machines, chairs, and computers.
These initial expenses are crucial for setting up a functional and compliant practice - let’s take a closer look at the type of finance options available to support you.
Finance options available to support you
Business and practice loans
Business loans are highly versatile - for instance, if you find the perfect location for your new practice, but it needs renovating, a business loan can cover the costs and allow you to spread the refurbishment expenses over time, helping you to manage cash flow. In the Republic of Ireland, this product is only available to limited companies.
Asset finance
Asset finance is used for purchasing the equipment needed to run your practice. This type of finance is particularly beneficial for start-ups lacking upfront cash. We offer several asset finance products, including:
- Hire purchase
- Leasing
Low start facility
Our low start facility can be tailored for those starting new practices. It offers a flexible repayment option, enabling us to match repayments with your expected income levels. This means you could start with minimal monthly payments for an initial period, giving you time to build up cash flow while having access to the necessary funds or equipment.
Conclusion
We have access to a wide range of products and services designed to help start-ups. Our team of finance experts are here to assist with any finance queries you may have when starting a new business.
Contact us today to learn more about how we can support your journey to establishing a successful dental practice.
Products and services are subject to eligibility, status, terms and conditions and availability. All lending is subject to status and our lending criteria. The right to decline any application is reserved.
