Are you a Dental Practice looking for an unsecured loan?
The benefits of an unsecured professional practice loan
An unsecured practice loan with Kingsley Asset Finance can help your dental practice with additional working capital, allowing you to free up your cash flow to fund other projects and bills.
Extra cash flow = increased budget to spend on developing your practice.
Asset Finance with Kingsley Asset Finance
In addition to offering unsecured practice loans, we can also fund assets for practices to include company cars and commercial vehicles, as well as equipment.
Our rates are competitive and include minimum deposits of 10% and flexibility to repay over five years.
We consider minimum deal sizes of £10,000 up to a maximum of £75,000.
As with our unsecured practice loans, our asset finance facilities are underwritten typically within a 24-hour time frame and with eSign documents making it a quick and painless process.
Applications for our unsecured professional practice loans are available to first class credit risks such as the medical, dental, and veterinary professions.
Underwriting Guidelines
UK National only
Equity partners only
Business established minimum of three years and profitable
Home owning personal guarantees
Must be registered with appropriate professional body
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Credit Terms
Fixed Rate Non-Regulated Commercial Loan
Finance term 1 – 3 years
Minimum loan advance of £25,000 to a maximum loan advance of £75,000 to any one practice
Personal guarantee of equity partners/directors (must be homeowners)
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No penalty for early settlement
Admin fees payable with first Direct Debit £325
(Please note we will consider under £25,000 for Limited companies and LLP’s and four partner and above firms)
What can an unsecured professional practice loan be used for?
Loans can be used for short-term needs like paying tax liabilities, Professional Indemnity Insurance, and practising certificates, for up to 12 months.
They can also be used longer term for up to 36 months for a multitude of purposes – including refurbishments and practice development, acquisitions, and general working capital.