Finance for a dental surgery

Negotiating improved finance terms for a large Central London dental surgery

Sector

Healthcare

Location

Central London

Purpose

Refinance

Scenario

Our client is a family-owned and operated dental surgery based in Central London. They have been offering private and NHS treatments for over 40 years, and have a team of 2 partners and 6 associates.

Problem

Our client’s relationship with their bankers had stalled with the bank tightening their appetite to lend in the healthcare sector. With financing of £1m extended by the bank, and with additional requirements on the horizon, our client decided it was time to look for a new lender to build a relationship with.

Solution

Our specialist healthcare finance team visited the client and undertook a full fact find, assessing financial performance, NHS contract performance and their future plans. They then approached leading healthcare lenders across the high street banks, challenger banks and specialist lenders. BIZL ultimately arranged for a new high street lender to take over the financing at an attractive rate of 2.2% above base, enabling our client to move ahead confident that they had the right support.

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