Healthcare Finance
Our healthcare division provides finance for a range of assets from care homes to healthcare equipment to businesses across the UK.
Dedicated team of Healthcare Finance Experts
Our specialist healthcare finance team is led by Mike Gascoigne who has over 30 years of experience in the healthcare finance industry. Mike has headed up our healthcare team for the past 5 years having previously worked for Santander Corporate Bank, Bank of Ireland, and Royal Bank of Scotland.
The healthcare finance team can help with any financial needs that a range of businesses might have. This includes care home finance, pharmacy finance and dental practice finance.
Healthcare Finance for UK Businesses
Healthcare finance provides vital support for care homes, private practices, and other medical businesses looking to invest in equipment, premises, or growth. It offers a flexible way to manage costs while ensuring high standards of care and service are maintained.
UK businesses in the healthcare sector can access tailored finance options such as asset finance, finance leasing, or commercial mortgages. Whether you're acquiring innovative medical technology or refurbishing facilities, the solutions available are there to suit your financial goals and operational needs.
What is Healthcare Finance?
Our healthcare division is a specialist team that provides finance for all types of care home funding, pharmacies and dentists.
Whether you’re a start-up making your first care home acquisition or an experienced business owner looking to expand your portfolio we can help.
We can arrange debt and private equity and can also look at other options like restructuring existing debt, unsecured funding or asset finance for purchasing equipment too.
In addition, we support management buy-outs, bridging finance, and property development finance for new or refurbishment projects.
Our team understands the complexities of the healthcare sector and can provide tailored financial solutions that align with CQC compliance, acquisition timelines, and long-term sustainability goals.
Some of the healthcare assets we can finance
We offer a range of healthcare finance solutions, including:
Care Home Finance: If you're looking to buy a property for your care home business, we can arrange a specialist commercial mortgage. Our healthcare division can assist with your care home acquisition or portfolio expansion.
Pharmacy Finance: With recent changes to NHS contracts, lenders scrutinize healthcare sector proposals closely. Our healthcare division can help you find the right investment for your pharmacy acquisition or portfolio development.
Medical Equipment Finance: Running a practice, surgery, or care home comes with equipment and running costs. Whether it's X-ray machines, ECG monitors, or defibrillators, the expenses add up.
Nursery Care Finance: Our healthcare division and funders can help you find the right investment for nursery acquisitions or portfolio expansion.
Dental Practice Finance: Purchasing a dental practice requires commitment and time. Your career history, sector experience, and deposit are all considered. Our healthcare division has experience in financing practices of various sizes.
GP Surgery Finance: The MAF Finance Group healthcare team can assist in funding any assets related to developing and growing your GP surgery practice.
Veterinary Practice Finance: If you are looking to start or expand on a veterinary practice, our healthcare division can facilitate with any requests you may have.
We Have an
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10,000+ Companies Helped
Supporting businesses of all sizes with whole of market financial access.
How does healthcare finance work?
We work with you and the lender of choice to determine the required loan amount, with the lender specifying the terms and conditions. Following your acceptance of the terms and conditions, you will get the full amount and typically make monthly repayments with interest for the specified period of time.
Many of the customers we support have more complex requirements but we also support new business ventures and experienced operators.
All we need from you initially is:
- How much you need to borrow
- What deposit contribution you wish to make
- Your personal details
- Your contact details
Example of how a healthcare finance application would work
Step 1 – When you reach out to us, we’ll ask for information about your practice. From there, we’ll request financial documents, including annual accounts, recent bank statements, and director information.
Step 2 – Once we’ve reviewed the information, we will approach our extensive range of banks and alternative funders, who will come back with an answer shortly. During this stage, formal identity verification and regulatory compliance checks will also be completed.
Step 3 – Once you’ve chosen to go forward, legal documentation will be issued, and any remaining due diligence will be completed. After all checks are finished, the agreed funding will be released.
Benefits of healthcare finance
Some of the key advantages of using healthcare finance include:
- Protect day-to-day cash flow
- Finance terms tailored to your practice
- Spread the cost of acquisitions, refurbishments, or equipment over time
- Funding available for both new start-ups and established operators
- Supports long-term sustainability and service quality
- Wide range of finance solutions available
Why your business might require healthcare finance
A business might need healthcare finance for several reasons including:
- Acquire new clinics, homes and surgeries.
- Assist with cash flow, growth and cost-saving measures.
- Assist with mergers and acquisitions.
- Expand or upgrade an existing building or facility.
- Higher market share.
- Modernise and upgrade medical equipment and technology.
How long does it take to secure healthcare finance?
Healthcare finance often varies and depends on the business and type of finance required.
Typically, it can take anywhere from a couple of weeks to months to get finance in place for your new purchase. Finance applicants for construction finance should have all their accounts in order and available for inspection, just like with any other type of business funding. Bank statements, the last three to five years’ worth of certified accounts, business plans, and specifics on assets and liabilities can all be required.
What are the different types of healthcare finance?
There are various types of healthcare financial options available to meet your needs, including:
Commercial mortgage - used to finance the purchase of new premises and renovations, such as the construction of new GP surgeries, residential care homes, or nursing homes.
Asset finance - used to finance a variety of medical equipment as well as non-medical assets used to support your practise, including surgical equipment and instruments, diagnostic scanners such as MRI and x-ray machines, and dental chairs, among others.
Hire purchase - a flexible method of financing an asset acquisition in which a business spreads the cost of purchasing the asset over the term of the agreement and has the option to own the asset at the end of the term.
Finance leasing - a flexible and cost-effective method in which eligible businesses has use of the equipment by making payments over a set period of time and returning it at the end of the term.
How much can you borrow?
Healthcare lenders are more concerned with serviceability, sector experience, and qualifications than with a maximum loan amount. The ability to demonstrate that you have or can manage the target business(s) is more important.
Why use a finance broker for healthcare finance?
Securing finance for your next venture in the healthcare sector can take time. With a finance broker, the process can be simplified, as we can arrange tailored finance facilities for your practice. Whether you are a first-time buyer or expanding your premises, we take a customer-centric approach to finance.
Applying for healthcare finance
Healthcare lenders will ask to view several documents when you apply for healthcare financing, including your business plans and other records relating to your cash flow and business prospects. You must demonstrate:
· Three years’ worth of business accounting (if applicable).
· Business asset and liabilities statement.
· Business management data.
· Business bank statements dating back six months.
· Detailed information of NHS contract and performance metrics.
· Your most recent P60 with the last three months’ worth of director/partner payslips and six months’ worth of personal bank statements if you are a contractor.
MAF Finance Group works with a large panel of banks and funders which can deliver competitive and flexible solutions to meet your needs.
If you would like to get a quote or need further information, simply fill in the form and we will contact you. If you want to speak to someone directly, you can call us on 0115 958 6872 and a member of our team will be happy to speak to you. Alternatively, email us at [email protected].
Enquire with our Finance Experts
Healthcare Finance FAQs
What type of healthcare assets can I finance through your service?
With MAF Finance Group, you can finance a wide range of different healthcare assets. These include care homes, pharmacies, medical equipment, nurseries, dental practices, GP surgeries, and veterinary practices.
What are the different finance options available for healthcare businesses?
MAF Finance Group can arrange finance for healthcare businesses through a variety of finance products. For medical equipment, businesses can choose hire purchase, finance leasing, and unsecured business loans. For healthcare businesses looking to purchase a property, commercial mortgages are available.
What are the typical terms for healthcare finance?
The terms and interest rates for healthcare finance can vary depending on several factors, including the amount being financed, the length of the repayment term, your business’ creditworthiness, current market interest rates and the specific finance facility chosen.
What are the eligibility criteria for securing healthcare finance?
While specific criteria can vary between lenders, generally, you will need to demonstrate that you are a registered UK business, provide full annual accounts, previous bank statements, plus personal details such as full name, date of birth and personal address.
How can I increase my chances as a first-time buyer?
To improve your chances as a first-time buyer, having experience working in the healthcare sector, possess a strong Care Quality Commission (CQC) rating, have a strong management team in place, and ensure your place of residence is local to the location of your practice. As well as this, maintain a strong credit score, and provide a solid business plan that outlines how the finance will be used.
What documents do I need to provide with healthcare finance?
To apply, you will need to provide a range of documents to verify your business’s financial health. Common documents include your business’s latest financial statement, 6 months of company bank statements and full name, address, DOB and homeownership status of all directors.
Why choose MAF Finance Group?
As a leading nationwide finance broker, we have access to a full market of funders, banks and alternative funders. With dedicated teams of sector specialists and industry specialists in the construction, healthcare, agriculture, renewables and fleet management sectors we can help all businesses with their funding requirements.
Benefits of using a finance broker?
Whilst banks can offer different rates, they often reject certain types of purchase and have strict lending criteria. MAF Finance Group has access to a panel of specialist lenders with a variety of options and rates that are not available to customers who go direct. We can also explore the whole lending market, saving you time and effort whilst giving you competitive rates and a greater chance of acceptance.
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Additional products in our extensive range of Financial Solutions
Asset Finance
Asset finance allows you to purchase an asset for your business by spreading the cost over monthly repayments meaning you won’t need to use your working capital.
Asset Refinance
Asset refinancing is a way of raising capital against assets you hold on your balance sheet.
Asset-Based Lending
Asset-based lending (ABL) is a type of finance in which a business can use its assets, such as inventory and property to release working capital.
Hire Purchase
Hire purchase allows your business to buy an asset by spreading the cost over a fixed period of time with regular monthly instalments.
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