How to finance the purchase of a dental practice is obviously a big question. Who to borrow from, how much to borrow, for how long and on what terms, are just a few challenges that you need to consider.
If you’re looking to finance your dental practice purchase, we’ll point you in the right direction to the specialist team at FTA Finance.
FTA Finance offers a straightforward and hassle free service that takes the fuss out of arranging finance for you and your business and that’s why they are the largest in the dental sector.
They will undertake an Affordability Assessment for you so you know how much you can afford to borrow before you even start to arrange viewings or make any decisions about the practice you’d like to buy.
Their expert team will also undertake all the preparation and background work for the banks and your funding proposal will be presented to the most appropriate lenders to maximise a positive response. They’re truly independent and are not tied to any one lender and will search the market for the most competitive funding package. What’s more, as the largest, specialist healthcare broker, they have fostered links and agreements with the main lenders and in certain cases can obtain preferential borrowing terms which may not be available if you approach a lender direct. It also means 100% lending may also be possible in the right circumstances.
You have many areas to consider when purchasing a dental practice and you should use an independent business advisor who specialises in the dental sector – rather than approaching a bank direct – that way you know you will be getting the best possible advice and most competitive terms.
And , if you want to find out how much you can afford to borrow, take a look at the Loan Calculator provided by FTA Finance. This will provide you with a guide to typical repayments, however we would strongly encourage you to speak with the team at FTA Finance who are adept at securing funding at competitive and flexible terms. This will be a confidential discussion with a member of their expert team to review your current circumstances and to run through the funding options open to you.
To find out more call FTA Finance directly on 0330 088 11 57 or take a look at their website.
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