Medical equipment finance · Medical practices
Medical equipment finance for medical practices
Medical practice finance is lending for GP and specialist practices, covering diagnostic equipment, consulting-room fit-outs, practice purchases and the commercial premises a practice trades from.
How medical equipment finance works for medical practices
Ultrasound machines, ECG and spirometry equipment, sterilisers and examination furniture are all funded against the equipment itself, and lenders extend longer terms to medical practices than to most industries because clinical gear holds value and practitioner income is stable. Five to seven years is common. Where equipment carries a service contract, ask us to quote with the maintenance bundled so you are comparing whole-of-life cost rather than the machine price alone. Registered practitioners often qualify with minimal financials.
The cash-flow pattern we plan around
Steady weekly Medicare and patient billings on a short settlement cycle, punctuated by large one-off capital events such as fit-outs, equipment or a practice purchase.
What medical practices typically fund
- Diagnostic and imaging equipment
- Consulting-room fit-out and expansion
- Buying into or acquiring a practice
- Purchasing the practice premises
- Practice management software and IT
Medical equipment finance for medical practices: the numbers
| Typical amounts | $10,000 – $2,000,000 |
|---|---|
| Term | 12–84 months |
| Indicative rates | 6.6% – 13.5% p.a. |
| Repayments | Monthly |
| Speed | 24–72 hours for low-doc within practice limits |
| Documents medical practices usually need | ABN, AHPRA registration and practice structure details · Two years of practice financials or personal tax returns · Equipment quote, contract of sale or fit-out schedule |
Rates are indicative, change without notice and depend on the lender, product, asset, term and your credit profile at the time of application. They are not an offer of finance. Comparison rates, where shown, are true only for the example given.
Key terms
Medical equipment finance
Medical equipment finance is secured lending for clinical equipment such as ultrasound machines, imaging systems and examination fit-outs, generally offered to registered practitioners on longer terms and lighter documentation than standard commercial equipment finance.
Practice purchase finance
Practice purchase finance is lending used to buy an existing medical practice or a partnership share in one, assessed on the practice’s billings and the incoming practitioner’s registration and earning history.
What is medical equipment finance?
Medical equipment finance is asset-backed lending used by healthcare practices to acquire clinical, diagnostic and treatment equipment. The equipment secures the facility, structured as a chattel mortgage, finance lease or operating lease over one to seven years.
Can a new practice finance equipment?
Often yes. Lenders weigh professional registration, specialty and employment history heavily for healthcare borrowers, so a newly established practice with a well-credentialled principal can access equipment finance that a comparable non-medical startup could not.
What is a deferred payment structure?
A deferred payment structure delays the first repayment for an agreed period, commonly three to six months, so repayments begin once the equipment is installed, commissioned and generating billings rather than at the point of order.
Questions from medical practices
Do doctors get special finance terms?
Yes. Several lenders offer medical professional packages to registered GPs and specialists, with equipment, fit-out, practice purchase and commercial property finance available at sharper rates, higher loan-to-value ratios and lighter documentation because the profession’s income is reliable. AHPRA registration and a practice plan are the key documents.
Can I finance buying into or purchasing a medical practice?
Yes. Practice acquisition finance funds a partner buy-in or the purchase of a whole practice against the practice’s billings and goodwill, often at up to 100 per cent of the price for registered practitioners. Lenders look at the practice’s financials, patient numbers and the doctors staying on.
Can my practice buy its premises through an SMSF?
Yes. A self-managed super fund can buy the commercial premises the practice trades from and lease it back to the practice at market rent, with an SMSF commercial property loan typically funding up to 70 to 80 per cent. The structure suits established practitioners with adequate super balances, and specialist advice is required.
Can consulting room fit-out and equipment be financed together?
Yes. Fit-out works, cabinetry, treatment beds, diagnostic equipment and practice software can be funded under one facility with the builder and suppliers paid as the work progresses, repaid over five to seven years. Medical equipment is often financed separately at a sharper rate and combined in the same application.