^Equipment Finance for Chiropractors – Get Approved Today

With hire purchase for chiropractic clinic equipment, the lender typically provides funding for qualifying equipment while assessing the clinic’s affordability and credit profile. The equipment is usually new or refurbished and used in the clinic. Terms often run from 24 to 60 months, and deals can commonly be in the £10,000 to £250,000 range. Initial decisions are frequently 1 to 5 working days, with longer turnaround where additional checks or supplier documentation is required.

Under a conditional sale agreement, the clinic receives finance for clearly specified equipment and then repays it over a fixed schedule. Lenders commonly carry out affordability and credit checks similar to hire purchase, and may require a deposit or the ability to keep to the agreed payment plan. Typical terms are 12 to 60 months, and indicative APRs in the market are often roughly 8% to 19%+ depending on risk, term length and deposit. Initial decisions are commonly within 1 to 5 working days, with setup taking longer if verification is needed.

Refinance or asset replacement finance is used where you are upgrading existing clinic equipment or replacing and potentially settling previous hire or finance obligations. Lenders typically review the current asset position, remaining term or settlement position (if relevant), plus affordability and trading. Amounts can often fall between £10,000 and £200,000 for many single branch clinics. Terms may run from 24 to 72 months depending on the replacement plan and equipment residual value, and decision times are often 5 to 15 working days because additional checks are commonly needed.