What is Medical Equipment Finance?
Medical Equipment Finance is a specialised financing product that is designed to help healthcare professionals acquire the necessary equipment needed for their practice. Medical equipment finance allows healthcare providers to purchase or lease the equipment they need with flexible payment terms and customized repayment schedules that suit their cash flow and budget.
Types of Medical Equipment
Diagnostic Equipment Finance
Diagnostic equipment plays a vital role in healthcare as it helps doctors and clinicians diagnose various medical conditions accurately. With the rising cost of medical equipment, financing options for diagnostic equipment have become increasingly popular, allowing healthcare providers to acquire the latest technology without compromising their cash flow
Laboratory Equipment Finance
Laboratories rely heavily on specialised equipment to carry out experiments and analyses. However, the cost of laboratory equipment can be high, and purchasing it outright may not be feasible for many labs. Financing options for laboratory equipment can help labs acquire the necessary equipment without putting undue strain on their finances
Imaging Equipment Finance
The use of imaging equipment in the medical field is critical in detecting and diagnosing medical conditions. However, medical equipment such as MRI, CT, and PET scanners can be costly, making it challenging for healthcare providers to keep up with the latest technology. Financing options for imaging equipment allow healthcare providers to access the latest technology without a significant upfront cost
Can't Find Your Asset?
If you can't find your medical equipment above, don't worry, we can still help you get the financing you need. As a leading provider of medical finance in Australia, we work with a wide range of lenders and financing companies to help you secure the funding you need for your equipment. From diagnostic machines and surgical tools to hospital beds and more, we can help you get the medical equipment financing you need to run your practice or clinic smoothly
The benefits of medical equipment finance
-
Flexibility: Businesses can choose the repayment terms and frequency that best suits their needs and budget.
-
Preservation of cash flow: Rather than tying up a significant amount of capital in purchasing equipment outright, businesses can keep cash flow intact by spreading the cost over time.
-
Tax advantages: In the case of a chattel mortgage, businesses may claim tax deductions on the interest and depreciation of the equipment, while repayments for leases and rentals may also be tax deductible.
-
Up-to-date equipment: With regular upgrades and replacements, businesses can ensure they have the latest and most efficient equipment.