Finance question
Can I finance medical or dental equipment?
Yes. Scanners, dental chairs, imaging, theatre gear and practice fit-outs are all financeable, secured by the equipment itself. Because the asset carries the deal, applications are often low-doc or no-doc, with amounts up to $500,000 and approvals frequently in 24 to 48 hours.
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The short answer
Practice gear is fundable equipment
Medical and dental equipment is exactly the kind of asset equipment finance is built for. Dental chairs, imaging and scanners, sterilisers, theatre and consulting gear all hold value and generate income, so the equipment secures its own finance rather than resting only on your paperwork.
A whole fit-out can be funded, not just one machine. Building or upgrading a practice usually means several assets at once, from the chair and cabinetry to the imaging suite. These can be packaged into a facility so the practice is equipped in one deal instead of piecemeal.
Amounts reach up to $500,000, often low-doc or no-doc with no full financials on many applications. Health professionals are generally well regarded by lenders, and with 40+ lenders on the panel the job is matching your equipment and profile to the lender most likely to approve it quickly.
Timing tends to matter in a practice. A chair that is down or a scanner that has failed costs you patients every day it is out of action, so a fast decision is worth as much as the finance itself. Because the equipment secures the deal, low-doc applications can often be approved in 24 to 48 hours, which keeps a room earning rather than sitting idle while you wait.
Do you qualify?
What makes practice equipment fundable.
Specific equipment
A chair, scanner, imaging or theatre gear to secure the finance.
An active ABN
Sole practitioners and companies both qualify.
A full fit-out
Several assets can be funded together in one facility.
A deposit can help
Not always required, but it can widen your options.
Why medical and dental gear finances well
The equipment secures it
Security in the asset keeps the deal simple and often low-doc.
Well-regarded profession
Health professionals generally sit well with lenders.
Fit-outs bundle up
Multiple assets fund together so a practice is equipped in one deal.
A real example
A dentist opening a second surgery needs two chairs, an imaging unit and cabinetry. Packaged into one facility secured on the equipment, the finance is approved low-doc inside two days, no full financials required, so the room is ready to see patients. Illustrative only.
Common questions
Frequently asked questions
Can I finance a whole practice fit-out?
Yes. Several assets, from the chair to the imaging suite and cabinetry, can be funded together in one facility.
Can I finance used medical equipment?
Yes, used gear is commonly financed within a lender's age limits, subject to lender assessment.
Do I need financials?
Often no. Because the equipment secures the loan, many deals are low-doc or no-doc.
How much can I borrow?
Equipment finance reaches up to $500,000, matched to the equipment and your profile.