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In hire purchase (HP), the clinic selects the equipment and uses supplier quotes and specifications to support the application. Lenders typically assess business affordability and may carry out credit checks on the company and often the directors or partners. Terms are commonly 12 to 60 months, with amounts often ranging from £5,000 to £150,000 depending on the equipment value and trading history. Pricing is often presented as an interest-bearing fixed rate or representative APR, commonly seen broadly around 6% to 18% before final underwriting.

With an asset-backed equipment term loan, lenders may use the equipment as part of their security or underwriting, alongside affordability checks. Eligibility is generally aimed at established UK SMEs, with minimum trading history varying by lender. Typical ranges in the UK market include £20,000 to £250,000, and terms often sit between 24 to 72 months depending on the asset life and funding needs. Decisions commonly take 3 to 10 working days, depending on underwriting depth and how quickly documents are provided.

Conditional purchase finance usually requires clear supplier paperwork such as a quote, product specifications, and delivery or installation details so the lender can verify what is being funded. It is often used for single-item upgrades, including a high-value steriliser or diagnostic device, where the equipment timeline is known. Amounts commonly range from £3,000 to £100,000, with terms often from 10 to 48 months. Pricing is typically quoted per agreement, and UK ranges you may see are roughly 7% to 19% APR depending on credit profile, term and deposit or advance levels.