Dentists’ funding ambitions for 2020
Optimism 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.