Medical Equipment Finance

Keep Your Practice Up To Date With the Latest Medical Equipment.

Medical equipment is a vital component for Adelaide medical practitioners. With medical equipment advancing at such a rapid pace, it’s important you keep up with how the latest medical equipment can make your practice more profitable.
Houston Finance understands the medical equipment needs of Adelaide practitioners, arranging medical equipment finance that allows you to buy the medical equipment you need to suit your cash flow.

What Can Be Purchased With Medical Equipment Finance

The most popular pieces of medical equipment financed are listed below, but the list is endless, so if there is a piece of medical equipment that you would like to buy for your medical, dental or veterinarian practice that is not listed, we’re confident we can help you purchase it with the medical equipment finance we can arrange.

Features of IT Asset Finance

Asset Finance agreements can be structured to meet the needs of most Adelaide medical practices.

• Tax Deductible
  Depreciation on the medical equipment and the interest component of the repayment is tax deductible if it is used to produce assessable income or the expense is necessarily incurred in carrying on a business. Speak to your accountant for further information about tax benefits.
• No Deposit Finance
  Medical equipment finance can be arranged with no deposit or an amount that suits you. The medical equipment being purchased is normally sufficient security for the finance so your other business assets are not required as security. Tailor the repayments to suit your cash flow. You can also arrange to make a balloon payment at the end of the finance term to reduce repayments throughout the term. Balloon amounts can be rolled over into another medical equipment loan as you upgrade your medical equipment, keeping pace with advances.
• Flexible repayment options
  1 to 7 year loan terms are available. You can make payments monthly, quarterly, semi-annually, annually, seasonally or irregular. You have the flexibility to repay the contract in full before the term ends; an early termination fee will apply. Payments can be made from your nominated bank account, by direct debit or via BPAY.
• Fixed Interest Rates
  Interest rates are fixed once your asset finance agreement starts, so you’ll always know what your repayments will be, making budgeting easy.

Lending Criteria For Medical Equipment Finance

Lending criteria does vary from lender to lender, but as a guide, consider the following as required.

• Asset finance for purchasing medical equipment can be from $10,000 to $100,000, depending on the strength of the application,
• You will need an ABN/ACN that has been in existence for at least 12 months,
• Applicants must be asset backed (home owner or mortgagor), or an existing ‘A’ rated customer with a financial institution,
• Net outstanding credit (including this loan) must be < $500,000,
• Credit file must show no defaults.

Low Doc Medical Equipment Loans For Medical Practicioners

If you are unable to get the last 2 most recent tax return completed, or are waiting for your accountant to complete them, low doc asset finance for medical equipment may be the solution.

Lending Criteria For Low Doc Medical Equipment Finance

• Proof of professional status required,
• Must hold current professional qualification,
• Been in practice for a minimum of 3 years,
• Applicants must be asset backed (home owner or mortgagor), or an existing ‘A’ rated customer with a financial institution,
• Net outstanding credit (including this loan) must be < $500,000.
• Credit file must show no defaults.

2 ways to Apply For Medical Equipment Finance

Fast Way

The fastest way to get an answer for finance is to complete our easy application form online. You even have the ability to attach files from your computer.

Apply Online

Easy Way

The easy way to apply for finance is to request a call back. Leave some details and we’ll call you back to complete the loan application over the phone.

Request A Call Back