We’ve raised £25 million for dental practice purchases in the last 12 months
Welcome to
PFM Dental
Practice Finance
PFM Dental are arranging finance on a daily basis and therefore are in regular contact with the healthcare banks. We know the market inside out and can ensure you get the best deal available. By using PFM Dental you can approach all of the banks in one place.
We specialise in the following areas:
- Purchasing your first dental practice
- Group/additional purchases of dental practices
- Partnership buy-outs
- Associate buy-ins
- Review of current rates/expiry of rates
- Sole trader to limited company refinancing
- Borrowing for tax payments
- Equipment and practice renovations
To ensure that you can get the right loan for your dental practice purchase, we put together a full lending report for the practice, including:
- Practice information
- Personal information
- How the practice will work under your ownership
You don’t even need to buying through PFM Dental to enable us to secure a loan, so why not get in touch today?
Fee-Free Finance Negotiations
As we are members of the NACFB (National Association of Commercial Finance Brokers) we are paid a commission by the bank. Whilst all brokers receive this commission, we are one of the few dental brokers who do not charge a broker fee in addition. A fee would be applicable for loans under £250,000.
Lending Proposal
Our lending reports pull all of the required information to provide to the banks, including; backgrounds, assets/liabilities, practice details and financial forecasts ensuring a strong proposal.
Submission to Banks
Our experienced team will approach multiple banks with specialist healthcare divisions, meaning you can be assured that you are getting the best offers and terms.
Bank Decision
With numerous bank offers we will provide you a summary of all of the rates/terms and discuss these offers with you. With no fees for finance brokering, you get the best rates.
FAQs
Will I need accounting projections?
A number of banks will ask for viability forecasts (projections) for the practice under your ownership, which may differ from the way that the current principal works at the practice.
With experience of looking after hundreds of dental practices, our dental accountants are recognised by the banks as a specialist who can provide these.
The projections will also take into account finance costs and tax, meaning that you know exactly what you would be earning from the practice.
Will I need insurance for my loan?
Most banks will request that you review your insurance cover so that if the worst happens the loan can be repaid or the monthly repayments of the loan continue.
Typical insurance requirements are:
– Life cover/Critical illness for loan amount and term
– Income Protection
– Overheads Insurance
– Surgery Insurance
As PFM Dental are independent financial advisers, we can advise on the levels of cover required and search the market to ensure that you get suitable cover (such as ‘own occupation’) and the most competitive premiums. For further details see our Financial Services.
For a more detailed look at dental practice finance take a look at our guide.
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