Medical Equipment Finance

We finance virtually all medical, dental, veterinary, and allied health equipment including diagnostic imaging (X-ray, CT, MRI, ultrasound), dental equipment (chairs, X-ray, sterilizers, compressors), surgical equipment (operating tables, lights, lasers), physiotherapy equipment (ultrasound, laser therapy, exercise machines), veterinary equipment (X-ray, ultrasound, dental, surgical), pathology lab equipment (analyzers, centrifuges, microscopes), optometry equipment (phoropters, slit lamps, OCT scanners), and complete practice fit-outs. We also finance furniture, IT systems, software (if capitalized), and initial consumable stock. Loan amounts range from $10,000 for individual equipment pieces to $1 million+ for complete imaging suites or practice fit-outs.

Yes, we regularly finance startup medical, dental, and vet practices for new graduates. Lenders assess your professional qualifications, projected patient numbers, practice location, and business plan rather than just trading history. You'll typically need 20-30% deposit (can include personal savings, family assistance, or vendor finance for some items), good personal credit, and demonstrated patient base or referral networks. Some medical equipment vendors offer special startup packages with vendor finance for part of the fit-out. We can bundle all equipment, furniture, IT, signage, and initial consumables into one loan from $50,000 to $500,000. Interest rates for startup practices are typically 8-12% p.a. depending on deposit and specialty.

This depends on your budget, specialty, and practice requirements. New equipment offers latest technology, full warranties, and easier finance approval (better rates, lower deposits). Refurbished diagnostic imaging (X-ray, ultrasound, CT) can save 40-60% compared to new and is ideal for startup practices or adding capacity. Reputable medical equipment refurbishers provide warranties and compliance certifications. However, lenders are more cautious with refurbished equipment — expect 25-35% deposit requirements vs 15-25% for new. Refurbished equipment over 10 years old may be difficult to finance. For critical or high-tech equipment (MRI, CT, advanced surgical), new is generally recommended. For general items (dental chairs, examination tables), refurbished is excellent value.

Medical equipment finance rates typically range from 6% to 11% p.a. for healthcare professionals. New equipment from authorized medical suppliers attracts the best rates (6-9% p.a.), while refurbished or older equipment is higher (8-11% p.a.). Rates depend on: your professional qualifications and specialty, practice trading history (established practices get better rates), deposit size (20%+ is ideal), equipment type and age, and loan amount. Startup practices can expect 8-12% p.a. depending on deposit and business plan strength. High-value diagnostic imaging ($500k+) may require specialist medical equipment lenders. We shop across multiple lenders to find the best rate for your specialty.

Yes, medical equipment financed through Chattel Mortgage or Hire Purchase offers substantial tax benefits. With Chattel Mortgage, you claim interest payments as a business expense and depreciate the equipment value over its effective life (ATO rates vary by equipment type — typically 5-10 years for medical equipment). You can also claim the full GST upfront on your next BAS if registered for GST. For equipment under $20,000, the instant asset write-off allows you to claim the full cost immediately (if eligible). With Hire Purchase, you claim the full rental payment (principal + interest) as a deduction. For a $200,000 practice fit-out, first-year deductions might be $15,000-25,000 in interest plus $20,000-40,000 in depreciation. Consult your accountant for specific advice.

Yes, we can finance practice management software, electronic health records (EHR) systems, computers, servers, networking equipment, and telecommunications if they're capitalized as assets. Perpetual software licenses (where you own the software) can be financed, but subscription-based software (monthly SaaS fees) cannot. Most lenders require IT equipment to be bundled with other medical equipment or furniture rather than financed standalone, unless the IT package is substantial ($30k+). Common IT fit-outs include: servers and computers ($10k-$40k), practice management software ($5k-$20k), networking and security ($5k-$15k), and telecommunications ($3k-$10k). These can be combined with medical equipment and furniture into complete practice fit-out packages.

Deposit requirements vary by practice type and equipment. Established medical practices with 2+ years trading typically need 15-25% deposit for new equipment and 25-35% for refurbished. Startup practices usually need 25-35% deposit even for new equipment. High-value diagnostic imaging ($500k+) may require 30-40% deposit for new practices. However, practices with excellent financials and strong patient bases can sometimes access lower deposits. If you're trading in old equipment, the trade-in value counts toward deposit. Some medical equipment vendors offer vendor finance for part of the purchase, effectively reducing your deposit requirement. Larger deposits result in better interest rates.

Dental practice acquisitions are typically structured as two separate components: (1) Equipment and fit-out finance through Chattel Mortgage or Hire Purchase, covering all physical assets (dental chairs, X-ray, sterilizers, computers, furniture), and (2) Goodwill finance through a business loan or vendor finance, covering the intangible practice value, patient lists, and brand. The equipment component is easier to finance (secured against assets) with rates around 6-10% p.a. The goodwill component requires stronger business lending (unsecured or director-guaranteed) with rates around 8-15% p.a. Total practice acquisitions range from $200,000 for small suburban practices to $2 million+ for established multi-chair practices. Expect to provide 25-35% deposit for the total acquisition. We can arrange both components.