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Wesleyan Bank to demonstrate tailored finance solutions for dentists at BDIA 2017

Wesleyan Bank to demonstrate tailored finance solutions for dentists at BDIA 2017


Wesleyan Bank to present key considerations when buying or selling a practice


Wesleyan Bank is showcasing its specialist commercial finance solutions, including long-term acquisition loans and asset-based lending products, at BDIA Showcase 2017 (19-21 October, NEC, Birmingham). Wesleyan Bank will also present a masterclass for dentists who are looking to buy or sell a dental practice. The session will take place in the Business Growth Theatre which is being run by sister company Practice Plan, the leading provider of practice-branded dental membership plans.

Acquiring or selling a dental practice is one of the most critical financial decisions a dentist will make and can be very stressful for all parties involved. Choosing the right financial partner, with specialist knowledge of the dental sector, can determine whether a dentist is able to enjoy a successful career with financial stability or makes a misinformed decision that they may ultimately regret.

Wesleyan Bank’s masterclass, entitled ‘Taking the plunge – four essentials to consider when buying/selling a practice’ (16.15-16.45pm, Friday 20 October), will outline the key considerations that dentists should factor in during the purchasing and selling process. The 30-minute session will also outline how tailored commercial finance solutions can help a practice to grow and maximise profitability long after the initial sale is over.

In addition, the company will highlight how its medium and long-term flexible finance solutions can assist practice owners to invest in new technology and specialist dental equipment. Advancements in dentistry have accelerated in recent years due to the growth of new technology and equipment. 3D printing, digital radiography and integrated practice management software offer enticing efficiency benefits in today’s highly competitive dental practice market.

While the possibilities appear endless, dentists face the conundrum of how to keep up with emerging technology and services that patients increasingly expect due to the high level of ongoing investment that is required. Asset finance solutions, from specialist providers such as Wesleyan Bank, can help dentists to stay ahead of the curve.

Tailored and flexible finance solutions include funding for a wide range of dental technology and equipment, including software and associated hardware and maintenance services. As a result, dentists no longer have to dip into vital cash reserves and attempt to purchase new items in one lump sum. In doing so, they can spread the cost (usually over 1 to 5 years) to protect essential working capital while maintaining their existing banking lines.

Wesleyan Bank is also able to negotiate best value by dealing with dental equipment vendors on a practice manager’s behalf, allowing them to concentrate fully on running their business to boost their profitability levels and attract new patients.

To find out more about Wesleyan Bank’s and Practice Plan’s specialist solutions for dentists, visit stand D40 at BDIA Showcase and attend the ‘Power Hour’ sessions in the Dental Theatre. For further information, Wesleyan Bank’s commercial finance solutions page, email: bankcommercialsales@wesleyan.co.uk

'WESLEYAN’ is a trading name of the Wesleyan Group of companies.

Wesleyan Assurance Society and Wesleyan Bank Ltd are authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Wesleyan Financial Services Ltd, Wesleyan Unit Trust Managers Ltd, Practice Plan Ltd and DPAS Ltd are authorised and regulated by the Financial Conduct Authority.  Advice about investments, insurance and mortgages is provided by Wesleyan Financial Services Ltd.

Click for more information about the Wesleyan group of companies.

© 2018 Wesleyan Assurance Society