Healthcare Finance
Specialist funding for healthcare related businesses
Businesses within the healthcare, medical and pharmaceutical sectors are experiencing an increase in pressure and demand for their services so it’s important for business owners to get the financial support they need. Because the healthcare sector is unique, finance needs to be tailored to suit your business. We work with a panel of lenders who are able to offer industry specific products for healthcare professionals enabling you to optimise your cashflow and grow your business.
What could you use healthcare finance for?
Healthcare finance can be used for a variety of different purposes such as:
Types of Healthcare Finance
There are various types of healthcare finance options available to meet your needs, including
Commercial Mortgages and Development Finance
These types of finance can be used to fund the purchase of new premises, or expansions and renovations of existing premises, such as the construction of new theatres.
Asset Finance
This type of finance can be used to fund the purchase of software, IT systems, transportation, or medical equipment such as MRI machines or dental chairs. It allows healthcare providers to upgrade facilities whilst preserving cash.
Unsecured Business Loans
If you require a loan over a shorter period of time without offering security, an unsecured business loan may be your best option if your healthcare business has a strong credit score and financial history.
Acquisition Finance
This can used to fund practice acquisitions, buy ins, and practice/partner buy outs.
Invoice Finance
This is a common facility put in place for businesses within the healthcare sector that are predominantly invoice based such as care agencies. Invoice Finance allows you to release funds from invoices quickly, eliminating any cashflow issues, and allowing you to run your business smoothly.
Whether you are looking to build new premises, buy new equipment or simply refinance existing borrowing, we can assist you in securing the right funding for your healthcare business needs.
Useful Links
Cumbria Office
Lakeland House
114-116 Kirkland
Kendal
Cumbria
LA9 5AP
Lancashire Office
8a Lockside Office Park
Lockside Road
Preston
Lancashire
PR2 2YS
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Lakeland Commercial Finance Ltd, registered at Lakeland House, 114-116 Kirkland, Kendal, LA9 5AP. Company registration number is 11971872. Lakeland Commercial Finance Ltd is an appointed representative of Lakeland Finance Ltd, registration number 09058326. Authorised and Regulated by the Financial Conduct Authority. Our FCA registration number is 843563. You can check via https://www.register.fca.org. We are registered with the ICO, ZA552531 and you can check via https://www.ico.org.uk. We are a credit broker, not a lender.
We conduct both regulated and unregulated business and therefore not all products provided through us are regulated by the Financial Conduct Authority.
We source finance from the whole of market.
We may receive commissions that will vary depending on the lender, product, or other permissible factors. The nature of any commission model will be confirmed to you before you proceed.