With demands on healthcare increasing at a significant rate, investing in new equipment has never been more important for reducing the strain and giving customers access to the healthcare they need.
That’s where healthcare equipment funding comes in. Whether you’re a pharmacy, dental practice, doctor’s surgery, or private hospital, flexible funding allows you to spread the cost of your new or used equipment over a period of between two and seven years, with fixed monthly repayments.
Funding for healthcare equipment not only kick-starts new ventures but also helps existing businesses to improve and streamline processes, often resulting in increased productivity and profit margins.
Investing all your savings in one place can be risky when you’ve got multiple outgoings. Equipment funding allows you to budget for vital assets, paying them off in monthly installments without crippling your healthy bank balance.
Are high upfront costs pricing your business out of healthcare equipment? Distributing payments over a period of time could help significantly.
Using finance for equipment purchases removes the stress of finding available cash to buy essential items. Origin can fund any healthcare equipment requirement of £10,000 upwards, whether the equipment is new or used, over a period of up to seven years.
We’ll guide you through the application process and match you with a lender that suits your monthly budget, with fixed repayments.
Can I finance healthcare equipment that I already own?
Yes! This is called refinance, but is restricted to the more tangible equipment like robotics, testing equipment, and vehicles. Origin has access to many lenders that offer refinance, which can be a highly effective method of releasing working capital. A good rule of thumb is that you would need 60% equity for refinance to be a viable option.
Can I fund used healthcare equipment?
With Origin you can fund any requirement above £10,000, and the equipment can be new and used.
Can you get healthcare equipment on finance?
Yes! With Origin, you can apply for healthcare equipment finance. This type of finance is designed to help pharmacies, dental practices, doctor’s surgeries, and private hospitals purchase essential equipment. This could include optometry equipment, pharmaceutical robotics, IT hardware & software, and dental equipment… whatever you need.
Does the lender cover the entire cost of healthcare equipment?
Yes! Origin can provide finance solutions that cover the entire cost of the healthcare equipment you need, including any necessary implementation, electrical works, delivery, and installation.
How do I know whether I’m eligible for healthcare equipment finance?
If you’re not sure whether you’d be eligible for our finance solutions, try our eligibility checker. We just need some basic information from you and you won’t have to enter any personal information. Alternatively, why not set up a discovery call with a member of the Origin team?
How does healthcare equipment finance work?
Applying for healthcare equipment finance all starts with a conversation about your business. By establishing what you need, your future goals, and your budget, we match you with a finance lender to provide a suitable solution. There will be a contract between you and the lender, with fixed monthly repayments over a period of up to seven years.
What different finance solutions does Origin offer?
We offer a range of finance solutions to businesses of all shapes and sizes and in every sector: Government-backed lending schemes; asset and equipment finance, including finance lease and hire purchase; business loans; and refinance. We also provide expert guidance and insight into commercial finance and can support you with Government-backed funding options.
What type of finance is best for healthcare equipment?
Asset finance is the ideal solution for purchasing equipment in the healthcare industry. The right kind of finance will depend on your needs and budget. After an initial conversation with Origin, we can help determine what is available to your business.
Finance for Equipment
What equipment can Origin help to fund?
We can help businesses to fund equipment of all shapes and sizes, across a wide range of sectors.
