Medical Finance · Asset Finance
Your bank sees a small business. The right lender sees a medical practice.
Equipment, fit-outs, practice purchases and buy-ins, consulting rooms and cash flow for doctors, dentists and allied health. We match each to lenders who understand healthcare, and tell you plainly what is possible.
$1.5b in settled lending
MPA Top Commercial Brokers
5.0 Google rating
Phone answered 24 hours
What happens next
Why commercial through Evolve
Commercial is where we do our best work
One plan, every facility
Equipment, fit-out, goodwill, premises and working capital each suit a different structure. We plan them together, so one loan does not block the next.
Deep lender relationships
Deep working relationships with 15 to 20 lenders, so we know which have real appetite for healthcare practices before anything is lodged.
Goodwill, not your home
If you are buying a practice or a partner’s share, some lenders fund it against the practice’s goodwill and equipment, rather than your home.
Built with your accountant
Practice entity, service trust or personal names: the borrower is agreed with your accountant first, so the lending and the tax position line up.
“Les and Mark were wonderful throughout the entire process, providing expert advice to secure the exact deal I needed for my financial goals. Communication was excellent, and they kept me informed every step of the way.”
Jeff, Google review
“Mark helped us refinance our home loan and we saved so much money on our repayments. He was super responsive and more than happy to answer all the little questions we had in a way that we could understand.”
Jessica, Google review
In plain terms
Medical finance, from first fit-out to partnership
Medical finance covers the lending a practice runs on: equipment, a fit-out, buying into a practice, the rooms it operates from and the cash flow in between. Lenders do not all read a practice the same way. A general business lender looks for trading history and property security; a lender with healthcare experience also weighs your professional standing, your billings and the practice’s goodwill.
Practice equipment usually sits best under equipment finance, some lenders fund a buy-in against the practice itself, and lenders who finance commercial premises can fund the rooms themselves. We plan the facilities together, so one loan does not crowd out the next. For your own home, LMI waivers for professionals mean some lenders drop lenders mortgage insurance, the one-off premium on a deposit under 20 per cent, for eligible professions.
Tell us what you are funding, how the practice is set up and what comes next. The answer will be straight: possible now, possible with changes, or not yet.
How it works
From first conversation to funds in place
- Step
The first conversation
A call, usually within one business day, covering what you are funding, how the practice is structured and where you are headed.
- Step
Quotes, financials and structure
Supplier quotes, the lease, practice financials or your billings, and ID. With your accountant, we agree who should borrow before choosing a lender.
- Step
The recommendation
Lender, structure, term and costs in writing for each facility the plan needs. You decide before anything is lodged.
- Step
Approval to payment
We manage approval and loan documents, coordinate payment to the supplier, builder or vendor, and keep you and your accountant in the loop.
Understanding practice lending
How lenders look at a practice
What can medical practice loans pay for?
Almost everything a practice needs: equipment, a fit-out, buying a practice or a partner’s share, the premises and working capital. Each suits a different structure, so the answer is often more than one facility.
Equipment usually suits a chattel mortgage or lease, a fit-out can suit a facility that draws down as the builder is paid, and some lenders fund goodwill against the practice itself. Planned together, one facility does not use up what the next needs.
How do lenders assess a medical practice?
They look at what is being funded, the practice’s income, your own billings and who in the structure is borrowing. Health-focused lenders also weigh your professional standing, which is why they will sometimes lend where a general business lender will not.
For an established practice, the financials, lease and existing debts are read together. For a fit-out, the lease term matters as much as the income, because the fit-out has little value once the lease ends.
Can you buy into a practice without using your home?
At some lenders, yes, particularly for doctors, dentists and vets. They fund a practice purchase or a partner buy-in against the goodwill and equipment of the practice, rather than your home.
They typically assess the income of the practice you are buying alongside your own billings, and may want life and income protection cover sized to the goodwill borrowing. In a partnership buy-in, some secure only your share, leaving existing partners unaffected.
Chattel mortgage or lease for medical equipment?
A chattel mortgage means the practice owns the equipment from the start, with the loan secured over it. A lease or rental means the financier owns it and the practice pays to use it, with any residual value set in the contract.
The structures treat GST, depreciation and the final payment differently, so your accountant confirms the tax side before you sign. Equipment that dates quickly, such as imaging or IT, often suits a structure that makes upgrading simple.
Keep exploring
Your own home, with professional lending policy applied.
Buy your practice premises inside super, structured correctly.
Tax debt, a tangled structure or a bank that said no.
Guide · Owning or leasing practice equipment, compared
Guide · How an SMSF can buy your practice premises
Plan the practice finance before you sign
Call 1300 112 355
Questions practitioners actually ask
What can medical finance be used for?
Medical finance may be used for equipment purchases, fit-outs, refurbishments, expansion costs, working capital in some scenarios, and selected practice acquisition or buy-in funding.
Is medical finance only for doctors and medical practices?
No. Depending on the lender and scenario, medical finance may also suit allied health businesses, dental practices, specialists, and other healthcare-related operators.
What do lenders usually look at for medical finance?
Lenders will usually look at what is being funded, the business purpose, financial performance, repayment capacity, entity structure, credit profile, and whether the proposed deal fits policy.
Can medical equipment be funded separately from broader business costs?
Yes. In many cases, identifiable equipment may suit an equipment finance structure, while broader costs such as fit-out or expansion may require a different business lending approach.
What documents are usually needed for medical finance?
Requirements vary by lender and scenario, but commonly include identification, business financials, bank statements, details of assets or equipment being purchased, and supporting information about the funding purpose.
How long does medical finance approval usually take?
Timeframes vary depending on the lender, the complexity of the deal, and how well the application is prepared. Cleaner applications with the right lender fit generally move more efficiently.
What can make medical finance harder to get approved?
Common issues include weak lender fit, poor cash flow, incomplete financial information, unclear use of funds, complex structures that are not presented properly, or a facility that does not match the business purpose.