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Funding solutions for medical practices

We can fund:

  • Equity buy-ins for a GP partnership
  • Investment in assets such as specialist medical equipment
  • Surgery refurbishments and expansions
  • IT finance including hardware, software, training, installation and support
  • Commercial mortgages for GP surgeries
  • Short-term cash flow loans including tax
Summary

Wesleyan Bank has been working with GPs for over 25 years and has first-hand experience of the trials and tribulations you face.

However, in difficulty there is opportunity, and that is where we can help. We believe in a long-term partnership with our customers, and we are able to be flexible because we understand what you are facing.

When you first buy into a partnership, we will work alongside you, and provide you with support and guidance to ensure you are comfortable with the process. Once you are in position we can then help you with many other financial requirements.

The price of additional technologies, equipment and refurbishments can be cost-prohibitive to practices.

Whether your practice is looking for short-term cash flow funding, or longer term support to purchase high-value equipment and IT, Wesleyan Bank has the expertise and knowledge to secure the investments that you need today, while allowing you to spread the cost over time.

By paying for these investments over time and reducing cash flow stress, you can focus on what you do best; providing the best care to your patients. Let us take care of the rest.

Speak to one of our team to discuss your requirements and find out how we can support you, and your practice, today and in the future.

Wesleyan Bank is both a broker and a lender.
Our products

Equity buy-in for GP partnership
Buying into a practice is a major financial commitment. That is why it is important that you work with a team who is experienced with the GP marketing from the outset and throughout. With Wesleyan Bank, you will have a dedicated Healthcare Relationship Manager, to guide you through this process, as well as being available for any future financial needs.

Surgery Refurbishments and 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

Commercial Mortgages
Considering the purchase of a new commercial property is a huge commitment, but can be a vital step in growing your surgery. With Wesleyan Bank, you can borrow from £100,000 and spread the cost over a period between 10 to 25 years.

Your property may be repossessed if you do not keep up repayments on your mortgage. The Financial Conduct Authority does not regulate Commercial mortgages.

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.

More information

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Case Study

As an incoming partner with additional responsibilities, Ciara was required to 'buy-in' to acquire a share of the profits at Southbank. She initially approached the practice's business bank but became frustrated by the time it took them to respond to her queries.

After remembering Wesleyan from her time as a medical student, she contacted her FC and was directed to Wesleyan Bank.

"Dealing with Wesleyan Bank was much more straightforward in comparison to the high street lender. I was assigned a dedicated Healthcare Relationship Manager from the outset who responded to my request on the same day. She was very helpful in explaining the equity buy-in process and what information they required from me and the practice in order to proceed. To my relief, everything progressed quickly and smoothly," comments Ciara.

Read full case study here.
Call our team free on 0808 123 0999 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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