Funding for Private Medical Consultants
Funding for private medical consultants covers consulting rooms, indemnity and the wait for insurer fees. A £30,000 room fit-out is the case worked through below; a business loan is the usual facility, because a hired room can't secure the debt.
- Fastest and easiest application process
- Dedicated support
- Loan disbursed within 24 hours
- No additional charges for early repayment
When does consultant funding actually help?
Two half-day sessions at £175 is £350 a week; over 46 weeks that's £16,100 of hire. A £30,000 fit-out, repaid over 5 years at an illustrative 12%, is about £667 a month, about £8,004 a year, and £40,040 in total. The yearly repayment looks cheaper than the hire; it flatters the loan. You still owe the full £40,040, and an empty Tuesday doesn't cut the direct debit. Hire stops when you stop booking.
Providers
Which facility fits a new private consultant?
A short loan for setup
Use this for a desk, a secretary for the first months, and room hire while the list is still one or two sessions.
A smaller facility for indemnity and tax
Use a short facility when the defence-body bill or the tax bill lands before private fees do.
Asset finance only if you own the kit
Use an equipment agreement when you're buying diagnostic kit you'll own, not when you're renting a room that already has a couch.
Theatres and procedure rooms sit on finance for surgeons; a GP buying the surgery sits on business loans for doctors and GPs. Clinical professions as a set are on healthcare finance.
The concession is the session you can cancel. If the list is still finding its feet, hire is the smaller commitment, even when the yearly hire number looks higher than a loan repayment.
How do you get consultant funding in practice?
Say whether you need rooms, a bill, or kit
A yearly indemnity invoice, a fit-out, and a scanner are three different facilities. Pick one before you apply, or the offer will try to be all three and fit none of them.
Send the GMC number and the room evidence
Add the privileges letter or the hire quote, plus proof that private indemnity is in place or about to be. Bank statements help once you have private fees; they won't exist on day one, and that's normal.
Compare hire with the total you repay
A lower monthly figure can still be the dearer choice once you add the years. A surgery premises share is business loans for doctors and GPs; the full profession list is healthcare finance.
You have two half-days booked and a hospital that will grant privileges; pay the session fee. Don't fit out a room yet.
Your insurer pays a month after the clinic and the defence-body invoice is due now. A short facility matches that gap better than a fit-out loan.
View Our Case Studies
Extra bits you might find useful..
Questions consultants ask before they borrow
Most of these files are a timing problem, not a property problem.
Is a fit-out cheaper than hiring the room?
Only on a yearly snapshot, and only if the room is full. The loan total is higher than a single year of fees, and you still have to run the room. Hire has no residual debt when the list dips.
Run the diary you have, not the diary you hope to have in year three. Lenders will use the smaller one if you don't.
Where should indemnity sit?
In a short facility, or in cash, because it's a yearly bill. Folding it into a five-year fit-out loan means you pay interest on a premium long after that year of cover has ended.
Have the cover confirmed before the first private patient. NHS indemnity won't do this job.
What is a practising privilege worth to a lender?
It shows you can see patients without buying a building. It's not income. The lender still wants to know how many of those sessions are booked, and which insurer or self-pay patients will fill them.
A privileges letter with an empty diary is a start. It's not a repayment plan.
Which page is the management-consultancy loan?
That is professional loans for consultants, for a consultancy business borrowing in the company name. It's not this page.
If you're a doctor, stay here. If you're funding a consulting firm that doesn't see patients, use the other one.
Match the row to the invoice in your hand. A room you use twice a week rarely deserves a five-year debt.
Related clinical practice guides
Procedure rooms and theatres are finance for surgeons. GP premises are business loans for doctors and GPs; the set of clinical professions is on healthcare finance.
FAQ’S
DIVE DEEPER
trusted by 500+ businesses
to
£1m
OVer £1,000,000 Funded
