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.