Dentist Finance and Funding for Dentists
At Sterling Capital Reserve we recognise that the healthcare sector is different, and we are able to source a wide range of innovative and competitive finance and loan packages specifically tailored to the needs of dentists and dental practices.
Are you :-
- A dentist wishing to purchase your own dental practice?
- A dentist looking to set up a dental squat?
- An already-established dentist wishing to finance an expansion or purchase additional practices?
- A dentist looking to buy out a partner?
- A new or established dental practice requiring finance for new equipment?
- A dental practice looking for practice funding?
- A dental practice looking for help in paying Inland Revenue arrears?
- A dental practice disillusioned with your current financial lender?
- A dentist buying into an expense sharing partnership?
Then we would like to hear from you.
Our healthcare division is run by an ex-banker with over 20 years experience working for one of the major specialist healthcare lenders looking after dentists and other healthcare professionals just like you.
We have many contacts with the major banks together with specialist niche healthcare lenders, and we know the types of deals that are synonymous with this sector.
For dentists, 100% funding was until recently almost a given, as was the availability of significant amounts of unsecured lending. Whilst this is still available "to the right individuals and for the right deal", it is no longer a formality. The ability to convince a lender that you are that person and this is the right deal is where Sterling Capital Reserve can help.
Possible dentist funding needs include:
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You can be confident that we will source the most appropriate funding structure for you.
We have had some notable sucesses obtaining funding and finance for dentists, a few examples of which are described below. To see more examples, as well as our successes in other areas of the healthcare industry, take a look at our healthcare funding case studies.
Dentist Finance Case Studies
100% funding dental practice purchase
100% funding arranged for two dentists: One experienced and currently a practice owner; the other much less so with no experience of running a practice. Purchase of a mixed dental practice, including freehold. Quite significant unsecured element and tight on stress tested serviceability. Loan repayable over 25 years. Full property equity allowed for security and interest rate purposes.
Dental partnership (Staffordshire - £790,000
A recently married husband and wife, fully qualified as general dentists and both with special interests; one in implants and the other orthodontics (neither on the specialist register), approached us for finance. They required healthcare funding to enable them to jointly purchase a dental practice including freehold premises totalling £790,000. Dental surgery premises were £285,000. The dental practice business was £505,000. Mixture of NHS and private with GDS contract and ODS contract.
Whilst they could afford to make a considerable cash contribution, they sought 100% funding so as to use their spare cash to put towards a family home.
Funding was made available because they were both high gross earners, buying a mixed and profitable practice with good PCT contracts and strong private capitation scheme incomes.
Dental practice purchase (London - £1.75m)
A group of three highly experienced dentists who specialised in orthodontics, implants and periodontics purchased a 5 surgery dental practice on the outskirts of London for £1.75M including freehold premises e/v £600k goodwill F&F and equipment.
Large NHS contract in an affluent area. All partners were high fee earners and two partners have good to very good personal assets. All aged over 35.
100% healthcare dental funding sought over a 25 year term and given the dentists experience, background and means - funding was approved.
Contact Us
Unlike some of our competitors WE DO NOT CHARGE UPFRONT FEES (although we may make a charge if assistance is required in formulating a business plan). Our brokerage fees are usually only payable when our client has received funding and are in the main generally covered by the lender. Our fees are transparent and will be agreed beforehand.
© 2012 : Sterling Capital Reserve Ltd
Sterling Capital Reserve Ltd
Sterling House, 10 Wheatcroft Business Park, Landmere Lane, Edwalton, Nottingham NG12 4DG
Tel: 0115 984 9800 Fax: 0115 921 5550
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