Medical & Healthcare Equipment Finance
For GPs, dentists, allied health practitioners, specialists and clinic owners equipping a practice. Tell us what you need and how your practice is set up, and we'll pass your enquiry to a licensed finance broker who works with a range of lenders. It takes about 60 seconds and there's no credit check to enquire.
- No credit check to enquire
- Free to enquire, with no obligation to go ahead
- A licensed broker calls you, usually within one business day
Check my eligibility
About 60 seconds. No credit check to enquire.
Who we help
- Practice owners and partners: fitting out a new clinic or replacing ageing equipment in an established one
- Contractor practitioners: doctors, dentists and physios who bill through a host clinic and buy some of their own equipment
- Dental and imaging practices: chairs, X-ray and OPG units, scanners, sterilisation and ultrasound
- Allied health clinics: physio, chiro, podiatry, optometry and audiology equipment
- Newly established practices: including practitioners who have recently left an employed role to go out on their own
How lenders look at medical practices
Some lenders have dedicated programs for medical and dental professionals. What they look at depends on how you earn:
- Practice owners: business financials, BAS and tax returns, plus how long the practice has traded. Patient billings and Medicare income help show consistency.
- Contractor practitioners: your service agreement with the host clinic, your share of billings and your personal tax returns. A short time on your own ABN is often less of an issue if you have a long history in the profession.
- Registration: current AHPRA registration (or equivalent professional membership for unregistered professions) is commonly requested.
Equipment versus fit-out
Lenders are most comfortable with hard assets that have a resale market: dental chairs, ultrasound and diagnostic machines, autoclaves, examination tables and imaging equipment. Fit-out costs (joinery, plumbing for dental surgeries, lead lining for X-ray rooms, electrical work) and practice management software are harder to finance on their own, because a lender can't recover and resell them. They're usually funded alongside hard equipment or through a separate business loan.
Which structure fits?
| Option | Who owns it | Often suits |
|---|---|---|
| Chattel mortgage | Your business, from day one | Long-life equipment like dental chairs and sterilisers you plan to keep |
| Finance lease | The lender, with a residual at the end | Practices that prefer fixed payments and to decide on ownership later |
| Hire purchase | The lender until the final payment | Buyers who want ownership but a different tax or accounting treatment |
| Rental | The rental provider | Diagnostic and imaging technology you expect to upgrade |
With a chattel mortgage your business owns the equipment, so it can generally claim interest and depreciation, and a GST-registered practice may be able to claim the GST credit upfront. Many medical services are GST-free, which affects how much GST a practice can claim back, so check the GST position with your accountant before choosing a structure. Under a lease the lessor owns the equipment and the lease payments are generally deductible. Small businesses with turnover under $10 million can use the instant asset write-off for eligible assets costing less than $20,000 each.
Low doc or full doc? Full doc (financials and tax returns) usually gives access to the widest choice of lenders. Low doc may suit practitioners whose latest returns aren't lodged yet, using BAS, bank statements or an accountant's letter instead.
How it works
- Tell us about the equipment and your practice in the short form below.
- A licensed broker calls you, usually within one business day, to talk through your options.
- If it suits you, they handle the application with a lender that fits your circumstances.
What you'll usually need
- Photo ID and your ABN, plus AHPRA registration details if you are a registered practitioner
- Supplier quote or tax invoice showing the make, model and whether it is new or used
- Full doc: the last two years of business financials and tax returns. Low doc: recent BAS, business bank statements or an accountant's letter
- If you contract to a clinic: your service agreement and recent remittance statements
- A list of existing business debts, including other equipment finance
Every lender has its own criteria, so your broker will tell you exactly what's needed for your situation.
Medical equipment finance guides
- Equipment finance: all equipment types
- What is a chattel mortgage and how does it work?
- Using an accountant's letter for low doc equipment loans
- How GST affects finance for businesses
- Do ABN loans require personal guarantees?
- How BAS statements affect business finance approval
Common questions
Can I finance equipment for a practice I'm still setting up?
Often, yes. Lenders will usually want to see your professional history, a business plan or projected income, and the equipment quotes. A longer track record in the profession can help offset a new ABN.
I contract to a clinic rather than own it. Can I still finance equipment?
Yes, many lenders will consider contractor practitioners. Expect to provide your service agreement, recent billing or remittance statements and your personal tax returns.
Can the fit-out be included?
Sometimes. Fit-out work and software are harder to finance than equipment because they can't easily be resold. They are often funded alongside hard assets or through a separate business loan, depending on your financials.
Can I finance used medical equipment?
Many lenders will finance used equipment bought from a dealer or another practice, usually with a valuation or invoice and sometimes with limits on age. Your broker can tell you which lenders fit.
Does enquiring affect my credit score?
No. Filling in our enquiry form isn't a credit application. A credit check only happens if you choose to go ahead with an application through the broker.