Practice Funding  |  Tax Loans  |  Equipment Finance  |  Practice Purchase Loans  |  Partnership Buy-in Loans  |  Clinical & Academic Loans

At the heart of your business

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Frequently Asked Questions (FAQs)

WHO WILL MEDIFINANCE DEAL WITH?

Medifinance offer finance and funding solutions from a wide panel of funders to the healthcare sector, the paper professions and the veterinary market.

Our specialist areas are the medical professions (for example: doctors, dentists, vets, chiropractors, pharmacists, opticians), but we also offer borrowing opportunities to any professional offering us eligible credentials.  Such as:

  • Accountants
  • Architects
  • Barristers
  • Surveyors
  • Solicitors
  • Adult Care Providers

FOR WHAT REASONS WILL WE CONSIDER APPLICATIONS?

The following are just some of the reasons our clients have borrowed through us, but we consider all applications.

  • To purchase new equipment
  • To refurbish or renovate their business premises
  • To pay a tax bill or other large bill
  • To buy a new vehicle
  • To assist with a commercial mortgage
  • To purchase a new practice
  • To purchase a new kitchen, conservatory or even a boat. 
  • To buy-in to a business partnership

WHY IS MEDIFINANCE DIFFERENT?

  • We are completely independent and have access to a wide panel of funders
  • There is minimal red tape and form-filling
  • We offer a personal and confidential service with a rapid response to every enquiry
  • We obtain consistently good rates with terms that are bespoke to individual requirements

HOW MUCH CAN MEDIFINANCE CONSIDER?

  • For personal use we consider applications from £2,000 to £50,000 over a period from 6 months up to 5 years.
  • For business loans, HP or Leases we consider applications from £2,000 up to a guideline of £150,000 per equity partner and terms from 6 months up to seven years.

WHAT GUARANTEES DO YOU NEED?

  • Guarantees are decided on a case-by-case basis but usually personal guarantees are required for Ltd companies.

HOW QUICKLY CAN I GET MY MONEY?

  • Typically we operate on a 3-day turnaround for business loans, from application to received funds.
  • For personal loans this is typically next day.

WHAT ARE YOUR REPAYMENT RATES?

  • Our rates are from 4% flat and are dependent on each application.
  • Repayment rates vary from funder to funder, as you would expect.
  • Fixed monthly payments
  • Loan terms 1-7 years, in special cases, 6 month terms may also be available.
  • We fund the whole amount with no deposits required.
  • Medifinance will not charge you for arranging loans or HP/Leases.


Medifinance brings you the most competitive rates in the market

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COMING SOON - Patient Finance - Call us on 03331 500 487 for more information or click here to send us an email.

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