18 Jun When was the last time you reviewed your existing lending arrangements?
As a dental practice owner, it can be challenging to find the time to assess your financial arrangements. The loan is in place, and you’re making the repayments, so everything seems fine, right?
However, there are a number of lenders within the healthcare market that are currently offering competitive terms on their finance, with some even agreeing to refinance while waiving arrangement fees.
Assessing your current financial arrangements could lead to significant savings and improved cash flow for your business.
Refinancing your dental practice loan can offer several advantages
- Lower interest rates: Reducing the overall cost of your loan.
- Reduced monthly repayments: Improving your practice’s cash flow.
- Extended repayment terms: Providing more flexibility in managing finances.
- Debt consolidation: Simplifying multiple debts into a single, manageable payment
Prefer to Stay with Your Current Lender?
Staying with your existing bank doesn’t necessarily mean missing out on better terms. At Saroma, we can negotiate improved conditions on your behalf, often without the need to switch banks.
This approach can lead to:
- Reduced paperwork: Streamlining the process for you.
- Faster turnaround: Implementing changes promptly.
- Minimal costs: Potentially only incurring a new arrangement fee.
According to industry insights, a significant percentage of businesses could benefit from refinancing by reducing interest rates, releasing funds, or spreading payments over longer periods.
Why Choose Saroma?
Saroma offers to explore these options with no client fee. Refinancing might be a strategic move for your practice, and as an independent finance broker specialising in the dental sector, we have direct relationships with specialist lenders, enabling us to:
- Access exclusive rates: Tailored to dental professionals.
- Provide end-to-end support: Guiding you through the refinancing process.
- Offer impartial advice: Ensuring you make informed financial decisions.
Wants to explore this further, get in touch.
Assisting with the set up, purchase and expansion of healthcare businesses is what we do.
Contact Saroma, for an initial conversation to explore your options.
