GP Surgery Finance

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.

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.

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.  

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. 

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.

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.

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.