Medical equipment is essential for healthcare providers, laboratories, and research facilities, but it can often come with a hefty price tag. Whether you’re a private clinic, a research centre, a dentist, pharmacy, or a specialist medical practice, investing in the latest technology can be a significant financial commitment.  

However, with cutting edge research and customer expectations comes the requirement for cutting edge technology, a luxury we appreciate not all businesses can afford in this current economic climate.  

Choosing to finance the medical equipment you need can help remove those barriers by providing the option to spread the cost over time in manageable monthly repayments, whilst benefitting from a fixed cost, maintaining cashflow and upgrading your equipment at the end of its lifecycle.

What types of medical equipment can be financed?

A wide range of medical equipment can be financed and if it doesn’t appear in the below list of examples, it’s not to say it can’t be done – our team of dedicated account managers are experts in the industry and can talk you through your options, including if the assets you’re looking to purchase can be financed.  

• Diagnostic Equipment – MRI machines, X-ray systems, ultrasound scanners
• Surgical Equipment – Surgical robots, laser systems, operating tables
• Laboratory & Testing Equipment – Centrifuges, PCR machines, blood analysers
• Sterilisation & Hygiene – Autoclaves, sterilisation units, clean rooms
• Patient Care & Monitoring – Ventilators, infusion pumps, monitoring systems
• Furniture & Interiors – Hospital beds, waiting room furniture, specialist lighting‍

‍The benefits of finance

Using a finance option to pay for your medical equipment, whether available capital is a barrier or not, enables you to remove the financial burden of upfront costs and plan more flexibly for your business.  

Preserve capital

Instead of tying up funds in a large purchase, finance helps you maintain working capital for other critical business needs.

Potential tax savings

Finance can potentially unlock 100% tax relief on both the capital cost and the interest, meaning your business could save more on tax.

Affordable, fixed repayments

Bespoke repayment plans allow you to match costs with revenue generation.

Lifecycle management

Upgrade your equipment as needed, ensuring you always have access to the latest advancements in medical technology.

Bespoke Finance Solutions

There is a range of finance solutions available to you when looking to finance assets such as medical equipment. Our team of experts are on hand to help, but the below are the most popular:  

Finance lease

With a finance lease, the funder pays the supplier for the asset and in turn then become its legal owners. They then lease/hire the equipment back to the end user. The payments are charged plus VAT which can be reclaimed as normal.

Hire purchase

Similarly to a finance lease, when you enter a Hire Purchase agreement the asset is paid for by the funder, but they will want the VAT to be paid up front on the cost of the equipment (which can be claimed back as normal). The funder then charges a regular fee to the end user, and the last payment has an additional option to purchase fee which transfers legal title to the end user.

Operating lease

An operating lease is a hire rather than a credit agreement which means the organisation is paying simply to use the equipment for a certain time period. When setting up the lease the lender would estimate how much the equipment is likely to be worth at the end of the finance term (its residual value) and that amount would deduct from the lease value, reducing the payments.

Funding for your business

Bluestone is an ethical and FCA-regulated finance intermediary. We are committed to ensuring that our clients make informed financial decisions based on their requirements and always recommend that our clients seek independent financial advice from an authorised source before committing to any financial agreements.

Get in touch with us

Bluestone works hard to support businesses with finance solutions to help them to continue to invest and grow. Our dedicated account managers are experts in the industry and provide a consultative approach, finding the right solution for your needs.

Interested?

Our online finance portal enables a simple, efficient route to finance - get a quick quote or apply for finance today.

Apply for finance now

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