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Funding solutions for dental practices

We can fund:

  • Practice acquisitions and equity buy ins/outs
  • Short-term cash flow loans including tax bills
  • Investments in assets such as dental chairs and other specialist equipment
  • Practice refurbishments
  • IT finance including hardware, software, training, installation and support
Summary
With the speed of technology constantly increasing, innovation in the dental sector is paramount to the success of any dental practice looking to grow and flourish. However, the cost of acquiring the technologies and refurbishments you need can be prohibitive to your bank balance.

To ensure you protect the working capital in your practice, you may want to consider spreading the cost of investments of assets or short term expenditures over time. By paying for the technology and equipment your business needs over time, you are accelerating the speed of return on investment (ROI) and also protecting the cash within the practice for alternative uses.

Wesleyan Bank is a specialist provider of commercial finance for whatever your practice needs. Whether a short-term cash flow or longer term asset investment, our knowledgeable and dedicated account managers will work with you to develop a bespoke finance plan tailored to your individual needs.
Our products

Asset Finance
Greater expectations of customer service, increased competition or even new legislation means it is often necessary to invest in major renovations or revamping of practices. This includes investing in specialist equipment for your practice. Commercial loans from Wesleyan Bank are available from £5,000 for these purposes.

IT Finance
Upgrading your IT solutions can be costly, particularly when you consider the cost of not only the hardware or software, but also installation, training and ongoing support and maintenance packages. Wesleyan Bank can help you spread the total cost of your IT investments, all in one flexible plan.

Practice Acquisition
Purchasing your own practice is a major financial commitment. That is why it is essential that you work with an experienced commercial team who can help you from start to finish. Your own dedicated Relationship Manager will guide you through the process from initial enquiry to draw down of funds. We also offer you bespoke and flexible funding options that can help to meet your business objectives.

Tax Funding
Avoid HMRC automatic penalty surcharges and spread the cost of your tax bill into manageable monthly payments by financing your tax payment. Finance is available subject to status for Personal Tax, Corporation Tax and Capital Gains Tax. We can arrange payment of your finance directly to HMRC or if you have already made your tax payment we can still look to finance your payment retrospectively.

We also offer a comprehensive range of personal financial products

Case study

When the Patels were looking to acquire their first dental practice, Oxford House, they were referred by a peer to Wesleyan Bank. Our dedicated account manager was keen to get under the skin of what we wanted to achieve, quickly setting up a meeting to discuss the business plan and what we would be able to borrow.

"Using Wesleyan Bank for finance goes beyond just having a loan - they stay with you after you've bought the business and continue to support and advise you on what they think is the next best move.

Being able to gain the finance we needed to buy the practice, meant that we have now realised our dream of running a growing family run business where we can both work together."

Kaival and Shreena Patel, Oxford House Dental Practice

For the full case study follow this link.

Call our team free on 0800 980 9348 Monday to Friday 8.30am - 5.30pm or contact Wesleyan Bank

'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.

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