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Radiology Equipment Loans – Business Finance Australia
No referral is needed for medical professionals to access our specialist commercial lending services for funding digital imaging machines and systems. Radiologists, radiography practices, specialists rooms and medical centre operators can connect with us directly to achieve lower rates and individually sourced solutions.
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Affordable Competitive Interest Rates
Compare Our Lower Interest Rates on Radiology Equipment Finance
Our extensive coverage of the commercial lending market and our leverage with our lenders, enables us to source lower interest rates for the medical profession. Our current rates can be used to provide estimates for budgeting and planning. Rates vary with credit products and lender offers will be based on the assessment of the application. Contact us for a specific quote based on the machines being acquired.
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Disclaimer: The comparison rate displayed is calculated for a loan of $30,000 over 5 years. The results from this calculator should be used as an indication only. Quoted repayments are based on advertised rates and do not include lender fees and charges. Results do not represent either quotes or pre-qualifications for a loan. The specific details of your loan will be provided to you in your loan contract. It is advised that you speak with us so that we can provide you with advice that is tailored to your situation.
Today's best rate
Finance Equipment From
4.99 % Fixed
* The interest rate is calculated on a secured loan for commercial use, effective 17/02/2024 and subject to change. Warning: the interest rate is only true for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts may result in a different interest rate.
Today's best rate
Finance Equipment From
4.99 % Fixed
* The interest rate is calculated on a secured loan for commercial use, effective 17/02/2024 and subject to change. Warning: the interest rate is only true for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts may result in a different interest rate.
Calculate Your Loan with Ease
How to Calculate Radiology Equipment Finance
In preparing budgets and proposals for approval by management and partners, our online calculator is extremely helpful. It quickly calculates estimated repayments based on data input by the user to use as a guide. Be mindful of the functionality of this device and please contact us for an exact quote based on the specifics of your practice and the machines being acquired.
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Gain Expert Guidance for Financing Solutions
Get High-Level Expertise to Source Radiology Equipment Financing
Medical professionals appreciate the value of referring to experts when specialist expertise and services are required. The same concept applies in the lending market as many in the medical field appreciate in using our broker services. We facilitate access to funding channels not readily available directly by clients, a streamlined approach to sourcing funding and high-level expertise in negotiating and structuring solutions.
As an Australian company – owned, operated and based for over 20 years, our team are fully understanding of the needs of the medical profession to have the best machines to deliver high level care. In addition, with an understanding of financials and cost pressures, we appreciate the need for those machines to be acquired with the most cost-effective and tax-optimised credit solutions.
Medical professionals can trust us to handle their requirements. We are a member of the FBAA and a Licensed Credit Provider as regulated by ASIC. This high-level expertise is available directly to you with one call to us.
- Specialist expertise in radiology equipment finance.
- Australian company – locally-based, highly qualified brokers.
- 20+ years experience
- Member FBAA
- Direct contact, no referral.
- Services for radiography practices, specialist rooms, medical centres.
Connect with Specialised Lenders
How to Connect with Lenders Specialising in Radiology Equipment Loans
The commercial lending market is quite extensive with the 4 big banks, second tier banks, finance companies and other non-bank lenders active in the sector. The interest rates and funding terms and conditions vary across the sector and can vary with offers for different industries. For medical professionals requiring the most-effective credit solution, it can be both time-consuming and challenging to identify the right lender to suit their specific brief.
Our accreditations with over 80 lenders including the banks and non-bank lenders that specialise in medical finance, enable us to provide access to more cost-effective funding. With our longevity in the market, we have built-up leverage with our lenders that we utilise to achieve lower rates and suitable terms for our clients.
- Connect with 80+ lenders – big 4 banks, second tier, non-bank lenders.
- Radiology equipment specialist lenders.
- Lower interest rates, negotiated terms to meet client requirements.
Flexible Finance Solutions for All Practices - Explore Your Options
Radiology Equipment Finance Types for all Practices
Medical practices, centres and clinics can operate under varying corporate structures. The type of structure and accounting practices can determine which is the most suitable type of credit product to fund imaging machines.
As we work with all types of enterprises, we offer a complete portfolio of credit options. All offer fixed interest rates, fixed repayments over a fixed term and balloon/residual/buyback options.
- Chattel Mortgage Radiology Equipment Finance
- Radiology Equipment Leasing
- Commercial Hire Purchase Radiology Equipment Loans
- Rent-to-Own Loans for Radiology Equipment
- Fixed interest rates, terms, repayments
- Balloon options
Flexible Financing Solutions
Solutions for Financing Radiology Equipment of all Types
As medical technology continues to advance, we are aware that new machines, devices and upgrades are constantly being developed. To enable radiography services to upgrade to the latest technology, we provide funding for all brands and types of machines. Where ancillary items and accessories are required, speak with us about including those expenses in the funding.
- Loans for x-ray and ultrasound machines.
- Finance for CT, MRI and body scanners.
- Digital imaging and radiography systems finance.
- Loans for mobile radiography systems.
- Loans for ancillary equipment and accessories for radiology equipment.
- Finance solutions for installation, commissioning and training expenses.
Expand Your Medical Practice Today
Fast Approvals of Radiology Equipment Loan Applications
Where machines need to be acquired quickly, we can assist with fast application approvals and processing. As your broker, we will be handling the entire funding process and will be working at an industry level with our lenders. This can facilitate faster approvals in as little as 24 hours, to ensure prompt purchasing and installation can ensue.
FAQs
Radiology Equipment Loans
Commercial lenders typically fund all types of machines and devices required for medical imaging. This may include but not be limited to:- x-ray and ultrasound machines; CT, MRI and body scanners;Â digital imaging machines and systems; mobile radiography units; and ancillary equipment and accessories such as software. Funding options are also available to cover installation, commissioning and training expenses.
Commercial lending products include a portion of the total amount set aside and due for payment at the end of the funding term. With Chattel Mortgage and CHP this is referred to as the balloon, with Leasing the residual and with Rent-to-Own the final payment is the buyback.
Interest rates are different for the credit products available. Rates can also vary for individual applicants. Lenders assess each application and consider the assets being acquired when making an offer including the interest rate.
A range of credit products are available for funding imaging machines – CHP, Lease, Chattel Mortgage and Rent to Own. They vary in regard to accounting measures and practices. The most suitable product will be the one that fits with the accounting method and meets the objectives of the practice.
The costs of installing and commissioning imaging machines may be funded. Some lenders may approve these expenses in the acquisition funding. Others may offer an alternative credit option such as secured or unsecured credit for these expenses.
The tax arrangements for commercial credit products vary. The repayments on Leasing and Rent-to-Own are tax deductible. Chattel Mortgage and CHP repayments are not deductible except for the interest portion. Assets financed with Chattel Mortgage and CHP are depreciated in line with ATO rulings and the depreciated value is deducted from taxable income.
Treatment of GST varies with the different credit products. GST is charged on Lease and Rent-to-Own repayments, ex the interest portion. CHP and Chattel Mortgage do not have GST added. The GST on the machines is claimed at the time of purchase and no GST is therefore applicable to or can be claimed on repayments.
Commercial lending for imaging can be obtained on a no deposit basis, subject to lender approval. This means the full acquisition cost can be included in the funding. Â
Credit terms can be negotiated with the lender and are subject to lender approval. Asset acquisition funding typically can be available for terms of up to 7 years.
Commercial lending products are typically approved with the goods being acquired providing the security. In many cases, no additional security is required. This is subject to lender approval and acceptance of the goods as suitable collateral for the credit.
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