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Healthcare & Medical

Business Loans for Healthcare & Medical Practices

Finance your medical practice, equipment, and growth with loans tailored for GPs, specialists, allied health professionals, and healthcare businesses across Australia.

Loans from $10K to $2M, over 12 to 84 months, depending on the lender and the security.

Healthcare & Medical business loans at a glance
  • Loan amounts from $10K to $2M
  • Terms from 12 to 84 months
  • Secured and unsecured options, matched to the security you have
  • A licensed broker who compares lenders for healthcare & medical practices
  • No obligation to proceed with any offer

Common financing needs: Healthcare & Medical

The things businesses in this sector most often finance:

Medical equipment purchases
Practice acquisition and buyouts
Practice fitout and renovation
Technology and software upgrades
Working capital for new practices

Healthcare & Medical business loan features

Loans from $10,000 to $2,000,000
Practice acquisition funding with goodwill
Medical equipment finance
Fitout and renovation finance
Preferential rates for medical professionals

How businesses in this sector use finance

Professional Rates

Medical professionals are viewed favourably by lenders. Access preferential rates and higher borrowing limits based on your qualifications and earning capacity.

Practice Growth

Fund practice acquisitions, fit-outs, and equipment upgrades to expand your services and revenue without depleting your reserves.

Goodwill Lending

Specialist healthcare lenders understand the value of medical practice goodwill and can fund practice purchases including the intangible component.

Technology Currency

Stay current with the latest medical equipment and technology through flexible finance structures that allow regular upgrades.

Lending challenges for this sector

Lenders that specialise in the sector can work with situations like these, which is where a broker's knowledge of each lender's appetite matters:

High upfront costs for practice acquisition and fitout
Lengthy credentialing and accreditation processes
Medicare and billing delays affecting cash flow

How to get a business loan for healthcare & medical practices

1

Tell us your needs

Share what the finance is for, how much you need and how long you have been trading.

2

A broker compares lenders

A licensed business finance broker compares lenders on their panel for healthcare & medical practices.

3

Compare your options

Review the offers and choose the one that fits.

4

Settlement

The lender settles the loan and releases the funds.

Healthcare & Medical business loan FAQs

Do medical professionals get better loan rates?
Yes. Many lenders offer preferential rates and terms for medical professionals including GPs, specialists, dentists, and allied health practitioners. Your professional qualifications and earning capacity are factored into the assessment, often resulting in more favourable terms.
Can I get a loan to buy an existing medical practice?
Yes. Practice acquisition finance is a well-established lending category. Lenders can fund the purchase price including goodwill, equipment, and working capital. You will typically need a business plan, the practice financials, and your personal financial position.
What medical equipment can be financed?
Virtually all medical equipment qualifies for finance including diagnostic imaging, pathology equipment, dental chairs and equipment, surgical instruments, physiotherapy equipment, optical equipment, and practice IT systems.
How much deposit do I need to buy a medical practice?
Most lenders require a contribution of 10% to 30% of the total practice cost. Medical professionals often receive more favourable deposit requirements due to their earning capacity and the stability of healthcare income.
Can I finance a practice fitout or renovation?
Yes. Practice fitout finance covers construction, equipment, furniture, IT systems, and compliance requirements. Some lenders offer specific healthcare fitout products with competitive rates and flexible terms.
How long does medical practice finance take to approve?
Equipment finance is usually the quickest, because the equipment is the security. Practice acquisition finance takes longer, often weeks, because of the work in valuing goodwill, reviewing financials, and completing due diligence.

WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees, or other loan amounts might result in a different comparison rate. Comparison rates are calculated on a secured loan of $150,000 over 25 years for home loans, a loan of $30,000 over 5 years for car and personal loans, and $50,000 over 5 years for equipment finance, unless the lender states another basis.

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