Can I get finance for a medical practice if I am a new graduate?

Yes. Several lenders offer medical professional loan programs that recognise future earning capacity, not just current income. This means newly qualified doctors, dentists, and allied health professionals can access finance without the same income history requirements that apply to standard borrowers.

What can medical equipment finance be used for?

Medical equipment finance can be used for diagnostic imaging equipment, dental chairs and operatory fit-outs, surgical equipment, pathology analysers, physiotherapy and allied health equipment, and practice management software systems. Both new and second-hand equipment can typically be financed.

How long does medical practice finance take to settle?

Settlement times vary by loan type. Equipment finance can settle within 24 to 72 hours for straightforward applications. Practice acquisition finance or commercial property purchases typically take three to six weeks depending on due diligence requirements and lender processing times.

Can I finance a practice acquisition and equipment at the same time?

Yes. It is common to structure a practice acquisition loan and an equipment finance facility simultaneously, often with different lenders to achieve the best terms for each component. A specialist broker can coordinate both facilities to ensure settlement aligns.

Do I need to own property to access medical finance?

Not necessarily. Many lenders offer unsecured or cash-flow-based medical finance for qualified healthcare professionals. Property security can improve the rate and loan size available, but it is not always required, particularly for equipment finance or smaller practice loans.

What is the maximum loan size for medical practice finance?

Loan sizes vary by lender and purpose. Equipment finance typically ranges from $10,000 to $500,000. Practice acquisition and commercial property loans can range from $500,000 to several million dollars depending on the security, income, and lender appetite. Providence Finance Hub works with 50+ lenders to match each client to the right facility size.

Medical Practice Finance to 100% LVR

Why Providence Finance Hub for Medical Sector Financing?

Providence Finance Hub is at the forefront of offering specialised financing solutions tailored specifically for the medical industry. We understand the unique challenges and opportunities within the healthcare sector and are committed to providing the necessary financial support through our extensive range of commercial loan solutions.

Medical Equipment Financing

A core aspect of our service is medical equipment financing. Recognising the pivotal role of cutting-edge medical equipment in delivering superior patient care, we offer commercial loans designed to assist healthcare providers in acquiring or upgrading crucial medical equipment. From advanced imaging machines to surgical tools, our financing solutions come with flexible repayment terms and competitive interest rates, ensuring you can keep pace with technological advancements without compromising your cash flow.

Practice Expansion and Acquisition

Our services extend beyond equipment financing to include support for practice expansion and acquisition. Whether you’re aiming to broaden the scope of your medical practice or acquire an established one, we offer the financial backing needed through commercial loans. Covering everything from purchasing the practice to facility improvements and staffing, our goal is to streamline your practice’s growth and enhancement efforts.

Enhancing Cash Flow Management

Understanding the importance of effective cash flow management, we provide commercial loans tailored to support the day-to-day operations of healthcare professionals. From managing operational expenses and supplier payments to investing in marketing, our goal is to ensure your practice maintains healthy liquidity, allowing you to concentrate on delivering exceptional patient care.

Supporting Business Growth and Expansion

As your financial partner in the medical field, we’re dedicated to facilitating your growth and expansion efforts. Whether it’s launching new medical clinics, diversifying services, or hiring additional staff, our commercial loans provide the capital required to achieve your objectives and adapt to the changing needs of your patients.

Partner with Providence Finance Hub

Providence Finance Hub is dedicated to empowering your healthcare practice through personalised commercial loan solutions, competitive rates, and an in-depth understanding of the healthcare financing landscape. Contact us to explore how we can support your medical financing needs and contribute to the success and growth of your healthcare practice. Together, let’s build a healthier future for your medical operation.

Why Choose Providence Finance Hub for Medical Finance

Providence Finance Hub brings more than 20 years of banking and commercial finance experience to every client engagement. We hold an Australian Credit Licence and specialise in finance for medical professionals, healthcare businesses, and allied health practices across Australia.

As members of the MFAA (Mortgage and Finance Association of Australia) and CAFBA (Commercial Asset Finance Brokers Association, member 296331), we operate under a professional code of conduct and are committed to acting in your best interests as a borrower.

In a recent transaction, we arranged $380,000 in medical equipment finance for an Australian GP practice, structured across two facilities to align with the practice’s billing cycle and minimise the impact on operating cash flow. Settlement was completed within 19 days of the initial brief.

When you work with Providence Finance Hub, you deal directly with your dedicated broker – not a call centre or a junior staff member. Learn more about our team. Call 1300 776 433 to discuss your medical finance requirements, or complete the enquiry form and we will be in touch within one business day.

Medical Practice Finance & Equipment Loans