Dentists’ funding ambitions for 2020

Dentists feeling optimistic about fundingOptimism is often a defining quality of the start of the new year – but how optimistic are businesses feeling? Aileen Boyle takes a closer look.

According to research from Braemar Finance commissioned in the second half of 2019, dentists were relatively positive about their prospects over the forthcoming 12 months, with a quarter of dentists expecting their practices to expand compared to 19% who predicted they will either contract or close down entirely.

The remaining 56% anticipated business would remain static.

On a more macro level, 62% of SMEs in the UK planned to seek funding for business investment.

Which is a figure remaining surprisingly constant for a number of years.

Despite the economic and political uncertainties experienced in recent times.

A search for ‘finance for dental practices’ will return a number of options for firms catering specifically for practices.

Whether you require a loan or asset finance, there are plenty of options.

What are the funding options available to dentists?

  • Unsecured business loans are available to assist when you need to borrow funds to invest in your business
  • Tax loans help to spread the cost of a tax demand into more affordable monthly payments
  • Consolidation and refinancing loans help to combine various existing agreements, credit card balances and other regular finance repayments over a term to suit, easing cash flow
  • Hire purchase allows outright ownership of the asset. This enables you to spread the cost over a term that suits you
  • If you want to maximise the use of your equipment without the responsibility of owning it, Leasing will give you the freedom and flexibility you need
  • Patient finance is a simple online solution that offers patients manageable monthly payments to fund the treatment or procedures they need.

For more information visit www.braemarfinance.co.uk.