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Business loans for medical professionals
With health and ageing at the forefront of everyone's mind, there has been a growing awareness and research of medical and beauty advancements. For the aesthetics businesses, the rise of trends has influenced people to be open to new procedures and to spend money more freely. At the same time, new medical advancements have made life-changing moments for individuals. Not only do we support these businesses, we also lend to medical transportation and PPE companies, to name just a few.
To meet this new demand, private practices can need considerable investment to achieve growth objectives. Read on to learn more about medical professional loans, what the funding can be used for and how to apply.
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Medical business loans
Within the medical field, purchasing state-of-the-art equipment that delivers excellent results is often the most significant expenditure any business faces. With new trends and expectations higher than ever, keeping ahead of advancements is vital when growing a client base and attracting new customers.
With ongoing costs like utility bills and staff wages increasing, as well as maintaining indemnity cover, other insurance policies and licences, it is more challenging to grow your business. Our medical practice business loans can be used in multiple ways for any purpose related to growing your private clinic or medical business. Below are some of the reasons businesses source funding:
Support working capital | Clinical equipment purchase and upgrades |
PPE supplies | Renovation & refurbishment |
Buying in bulk to get a bigger discount | Purchase vehicles |
Recruitment | Acquiring a new medical licence |
If you’re interested in buying stock, new equipment, or a vehicle, you may be concerned about cash flow if paying in one large sum. This is a common situation for a business to be in and you could secure funding to spread the cost. As you may have discovered already, bank loans are often inaccessible to small business owners, so many find alternative lenders like Fleximize. Discover what funding solutions we provide below, how it can help support your business growth and what you can expect.
Medical business loans from Fleximize
If you lack the necessary funds to implement your growth plans, we offer fast, flexible and affordable loans of up to £500,000 through our quick online application. You can find out more about our loan products by visiting our services page, but here’s an overview of our key features:
Medical practice loans of £5,000 – £500,000 over 3 – 60 months
Get approved and your deposit sorted in as little as 24 hours for a hassle-free experience.
Rest assured that there are no sneaky fees or penalties for early repayment.
Competitive interest rates starting from 0.9% per month
Interest accrues based on your reduced balance, not the entire loan amount, ensuring fair and transparent terms.
Repayment holidays and top-ups are available with all loans
Exclusive discounts on industry-leading business services
If you don’t have the perfect credit score, don’t worry; lending decisions are made by real people who look at a company’s overall performance and growth potential. When our expert underwriters complete our basic checks, they will consider the unique circumstances of your business. If your company can demonstrate solid financial growth and has been trading for at least six months, hit apply or call us so we can answer any questions you have on 020 7100 0110.
What makes me eligible for a business loan?
You could be eligible for business funding from Fleximize if:
You are a registered limited company or LLP.
You are a sole trader or non-limited partnership with less than four partners, in which case you can borrow a minimum of £25,000.
You have been trading for at least six months with a minimum monthly turnover of £5,000.
Your business is based in England or Wales. If you’re based in Scotland or Northern Ireland, we can offer an unsecured loan of up to £250,000.
You’re a non-homeowner, but you have been trading for 36 months, and you’re looking to borrow no more than £20,000. For loans above this value, you must be a homeowner.
We know that applying for a loan is a big decision for small business owners, so we’ll let you know our final decision within 24 hours of receiving all your documents. If your application is unsuccessful, we’ll invite you to reapply with us again after three months.
What is the average interest rate on a business loan?
We offer interest rates starting from 0.9% per month, and there are no hidden fees to worry about. If you settle your loan early, our Penalty-Free Promise means you can save on interest without any early repayment charges. You can also make overpayments anytime, reducing the interest payment and helping you repay your loan quicker.
If you’d like an estimate of what your loan could cost, including the potential savings if you repay early, you can use our business loan calculator or call us on 020 7100 0110 for a tailored quote.
Why choose Fleximize as your business loan provider?
Finding the right loan product for your business is essential, but you also want to choose a lender who will work closely with you for your loan term. Here are some of the reasons why thousands of SMEs have chosen Fleximize for their business financing:
We’re fast: Looking for fuss-free funding? Apply online in minutes and get the cash injection in at least 24 hours.
We’re flexible: Our loan products are packed with flexible features, like top-ups and repayment holidays, and you’re never charged for early repayment.
We’re personal: Your dedicated relationship manager will get to know your business and help you secure a loan package tailored to your needs.
We’re recommended: We’ve been voted Best Business Finance Provider at the British Bank Awards by our customers, and we’re rated ‘Excellent’ on Trustpilot.
Loved by our customers
How to apply for a medical practice business loan
There’s no need to complete time-consuming paperwork or wait months to discuss your application when securing a medical practice business loan from Fleximize. Complete our short online form, and once you’ve passed our initial checks, we’ll ask you to provide a few documents to help us decide. One of our friendly relationship managers will then contact you to guide you through the final stages.
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