Medical Equipment Financing
Medical equipment financing for new and used equipment is available for most types of assets found in any of the different types of medical practices provided that any one asset carries a value of at least $1,500.
Here is a list of some of the more common types of medical equipment financed through Canadian based leasing companies.
- Dental Equipment
- Dental Chair
- Dental Lights
- Dental Radiography
- Delivery System
- Delivery Wall
- Medical Cabinet
- Cuspidor
- Bleaching LED
- Air Drying System
- Air Abrasion
- Ultrasonic Cleaner
- Ultrasonic Scaler
- X-ray Machine
- Dental Drill
- Exam Table
- Sonogram
- Operatory Lights
- Sani Grinder
- Power Treatment
Chair- Lab Testing
Equipment- Diagnostic Equipment
- Surgical Equipment
- Sterilizer
- Suction Pump
- Ultrasonic Equipment
- Vacuum Pump
- Exam Table
- CT Scanner
- Heart Monitor
- Laser
- Digital Radiography
- Film Processor
- Instrument Washing
- Optometric Equipment
- Chiropractic Equipment
- Leasehold Improvements
- Amalgam Separator
- Amalgamator
- Compressor
- Curing Lights
- Exam Chair
- Film Processor
- Exam Equipment
- Sterilization Equipment
- Casting Machine
- Digital Xray
Equipment- Instrument Disinfecting
- Delivery System
- Vacuum Forming
- Lab Equipment
One of the great aspects of medical equipment financing is the effective interest cost, which tends to be lower than leases offered on other forms of equipment.
Lease companies will vary their financing rates according to their perception of risk. For medical equipment financing applications in general, the risk is deemed to be quite low and results in great equipment financing rates being made available on this overall category of equipment.
Taking it even one step further, both traditional banks and leasing companies will also finance leasehold improvements for medical offices that are also purchasing equipment. Once again, this relates to the strong lending profile associated with industry practitioners and the low level of payment default that occurs.
Leasing companies can finance up to 100% of leasehold improvement costs and bank loan programs will go up to 90% of leasehold costs through government insured loan programs.
When you take into consideration the ability to finance equipment, leaseholds, and even the soft costs like equipment delivery, installation, and training, one can quickly see that equipment financing resources for the medical services industry can provide tremendous capital leverage.
So whether you have a relatively new practice or you’re planning on a larger expansion, the available equipment financing programs are likely going to be able to cover off most of your capital requirements without draining available cash flow in the process.
Click Here To Speak To A Financing Specialist About Your Medical Equipment Financing Needs