Finance options
Lease / Leasing
Leasing is very popular for professionals, and it can be used for equipment, IT, furniture, and refurbishments.
A lease is a rental agreement with fixed rates and flexible terms.
The benefits of leasing include:
- Improve your cash flow
- Affordable and low risk
- Fixed rates
- Tax & VAT benefits
- Replace or upgrade your equipment
- Flexible terms
Leasing, in particular, is very popular for optical practices and often provides improved tax efficiency and VAT benefits.
Hire Purchase
Fixed rates, up to 7-year repayment terms, unsecured and fast credit approvals ensure this popular facility works well for clients wishing to maximise their capital allowances in the first year of purchase.
The benefits of applying for Hire Purchase include:
- Ability to afford the best equipment solution for your business/practice.
- Payment in monthly sums
- Competitive Rates
- Fixed rates
- Ownership
By spreading the cost of your acquisition, you can gain a return on investment immediately and in turn, help the growth and development of your business.
Business Loans
Business loans for optical professionals would normally include:
- Development
- Practice purchase loans
- Practice refurbishment loans
- Business acquisition loans
- Partner buy in/ out loans
- Tax / VAT loans
Having the option to fund larger projects will ease cash flow and allow more flexibility for day-to-day expenditure.
Loan terms are generally over 1-7 years, so can be structured specifically to suit your practice needs.