^Get Equipment Finance for Orthodontic Practices Today

With hire purchase, orthodontic practices typically fund equipment such as intraoral scanners, treatment chairs, sterilisation units, and eligible software with installation where the lender allows it. Typical amounts often fall within £10,000 to £250,000 for practice upgrades, with common terms of 36 to 72 months. Pricing is often fixed or effectively fixed for the facility, commonly around 6.9% to 16.9% APR (or an equivalent fixed rate). Initial decisions are often made within a few working days after you provide required documents, with final drawdown sometimes taking longer if equipment verification is needed.

For broader orthodontic upgrades, secured term loans can finance packages including scanners, imaging peripherals, sterilisation equipment, and chairside workflow hardware, and may also support certain refurbishing work if permitted. Typical amounts often range from £25,000 to £500,000 for multi-asset upgrades, with terms commonly from 24 to 84 months. A broad UK pricing context for many SME cases is around 7.5% to 17.9% APR. Underwriting can take longer than straightforward checks, with an initial decision sometimes within several working days and funding after document verification and confirmation of the financed asset list.

Equipment lease options can help orthodontic practices fund technology while keeping initial cash outlay lower. Typical lease amounts often range from £15,000 to £300,000, with terms commonly between 12 and 60 months. Leases are usually priced as rentals rather than a stated APR, but the effective cost can still fall in a similar risk-priced band, commonly roughly 7% to 17%+ effective annual cost, influenced by term length, deposit and residual value assumptions. Decisions can be relatively quick once equipment and business documentation are received, but timing depends on supplier verification and lease documentation. In many contracts, ownership remains with the lessor unless a purchase option is included.