Medical Equipment Finance from 4.99% p.a.

Specialist Finance for Healthcare Practices

Medical and dental equipment represents a significant investment for healthcare practitioners. A single dental chair with integrated systems can cost $30,000 to $80,000. A digital X-ray system ranges from $20,000 to $100,000 depending on capabilities. Establishing a new medical or dental practice from scratch can require $200,000 to $1 million or more in equipment and fitout costs.

The healthcare sector has unique financing advantages. Lenders view healthcare professionals as lower-risk borrowers due to the essential nature of healthcare services, regulated professional standards, stable and predictable income streams, and the growing demand for healthcare in Australia's aging population. This favourable risk profile translates to competitive rates, higher lending limits, and more flexible terms for healthcare equipment finance.

Our panel includes lenders who specialise exclusively in healthcare finance. They understand the equipment, the practice economics, and the career trajectories of different healthcare professions. This specialist knowledge results in faster approvals and better terms compared to generalist lenders.

Practice Fitout Finance

Setting up or renovating a healthcare practice involves multiple cost components. Rather than financing each piece of equipment separately, a comprehensive practice fitout facility covers everything under one arrangement:

• Clinical equipment: Treatment chairs, surgical instruments, diagnostic devices, sterilisation equipment, and patient monitoring systems
• Imaging and diagnostic: X-ray units, OPG machines, CBCT scanners, ultrasound equipment, and digital imaging systems
• Practice infrastructure: Cabinetry, plumbing, electrical work, air conditioning, and patient accessibility modifications
• Reception and waiting: Reception counters, waiting room furniture, children's play areas, and signage
• Technology: Practice management software, computers, network infrastructure, and digital communication systems

Finance Options for Healthcare Professionals

Healthcare practitioners have access to the full range of equipment finance structures, each with different benefits. Chattel mortgage provides ownership from day one with upfront GST benefits and depreciation claims, ideal for equipment you will keep long-term like dental chairs and surgical tables.

Operating leases suit technology that advances rapidly. Digital imaging equipment, CBCT scanners, and practice management systems may benefit from the flexibility to upgrade at end of term rather than being committed to ownership of increasingly outdated technology.

For new graduates establishing their first practice, some lenders offer specific graduate practitioner packages with reduced deposit requirements, deferred payments during the establishment phase, and rate concessions recognising the earning potential of qualified healthcare professionals.

Dental Equipment Finance Specifically

Dentistry is the largest segment of our healthcare equipment finance portfolio. The dental industry has specific equipment needs and replacement cycles that our specialist lenders understand well. A typical dental surgery requires 2 to 4 treatment chairs ($30,000 to $80,000 each), digital X-ray equipment ($20,000 to $60,000), an autoclave and sterilisation system ($5,000 to $15,000), compressor and suction equipment ($10,000 to $25,000), and various handpieces, instruments, and consumable equipment.

Dental practices also benefit from strong patient loyalty and recurring revenue, making them attractive to lenders. Equipment finance for dental practices is typically approved quickly, with competitive rates reflecting the low-risk nature of the profession.