Healthcare Business Loans
At Aurora Capital, we help healthcare businesses secure competitive business loans. Whether you’re looking to expand your clinic, purchase new equipment, or invest in medical research teams, we can help you access the funding you need.
- Apply in minutes
- Applying won’t affect your credit score
- Free, no obligation quote
from 6.90%
Interest rates per annum
£100,000 +
UK Based
No early settlement fees
£5k - £500k
Funding requirement
Our lending partners
About healthcare business loans
Types of business loans for your healthcare business
Every medical business has different needs and reasons for wanting external funding. That’s why the type of finance that’s suitable for one business may not be suitable for another.
At Aurora Capital, we can find the best type of credit to finance your business’s needs. That’s why we provide various kinds of business loans for medical professionals, each option offering different borrowing limits and usage terms.
Asset finance
If your healthcare business wants to purchase new equipment but lacks the necessary funds, an asset finance agreement can help.
Asset finance helps businesses acquire new equipment or machinery by spreading the cost over time. Typically, the asset itself (like diagnostic equipment or specialist machinery) serves as collateral for the loan or leasing agreement.
It’s also possible to refinance your existing assets to release cash, but keep in mind that there are eligibility criteria related to the age and condition of the equipment.
Unsecured business loans
Unsecured business loans don’t require collateral, but they tend to have higher interest rates than secured loans because there is more risk for the lender.
If your healthcare business has no valuable assets or you don’t want to put them at risk, unsecured business loans can be a useful option.
This type of funding can be used for virtually any business purpose, such as increasing marketing efforts, buying new stock, or upgrading your operations.
Loan amounts can range from £10,000 to £500,000 and can be borrowed over a maximum of six years. Learn more about the differences between unsecured and secured business loans.
Merchant cash advance
Merchant cash advances are a financing option designed for healthcare businesses that need quick access to cash but with more manageable repayment terms.
Unlike traditional loans, the lender provides upfront cash in exchange for a percentage of future credit and debit card transactions. Therefore, this option is only available to businesses that take significant card payments.
Repayment is made through daily or weekly automatic deductions from your credit card sales until the loan is fully repaid. The higher the sales, the more you pay back, and the faster the loan is repaid.
Revolving credit facility
A revolving credit facility works in a similar way to a business overdraft and can provide your healthcare business with flexible access to finance whenever you need it.
This option is particularly useful for managing fluctuating cash flow, covering unforeseen expenses, or handling short-term costs without the commitment of a traditional fixed-term loan.
You can withdraw, repay, and reuse funds within your approved credit limit. As you withdraw funds, the available amount decreases, but it replenishes as repayments are made.
Interest is only charged on the amount you use, and typically accrues daily, so the sooner you repay, the less interest you’ll be charged. This makes revolving credit an efficient and economical option for managing healthcare business expenses.
How business finance can grow your healthcare business
Getting suitable finance can be crucial if you’re aiming to expand your services, manage cash flow, or respond effectively to unexpected circumstances.
There are several key ways healthcare finance can support and strengthen your practice, including:
Purchasing medical equipment
Medical practices and healthcare providers regularly require the latest equipment, whether it’s advanced diagnostic tools, specialist surgical instruments, or patient care technologies.
Asset finance, including hire purchase agreements, offers an effective way to fund essential equipment purchases without a large upfront investment. This means your practice can get the latest technology, improving patient care and efficiency.
Improve cash flow
Healthcare businesses can often face cash flow problems due to delayed insurance payments, fluctuating demand, or the high upfront cost of medical supplies.
A revolving credit facility provides flexible access to funds exactly when your business needs them. You can access funds to cover immediate costs such as payroll, medical supplies, and ongoing operational expenses. Money can then be repaid and reused as your income stabilises.
This flexibility helps maintain consistent cash flow, minimises the need for expensive short-term borrowing, and helps your healthcare practice effectively manage financial uncertainties.
Expanding your team
Investing in skilled staff, like nurses, medical specialists, or support technicians, can boost your healthcare business’s capacity and service quality.
With a bigger team, your practice can offer more services, reduce waiting times, and improve operational efficiency.
Building a strong, talented team can help your healthcare business grow sustainably, enhance your reputation, and attract more patients.
Choosing the right finance option
When choosing the right healthcare finance option, consider key factors such as:
- What you need the money for
- The amount you need and the repayment conditions
- Whether you are happy to use assets as security
If you’re uncertain about the most appropriate healthcare finance solution for your requirements, speak with one of our expert advisers today.
As a healthcare business looking to secure funding, you need to understand the eligibility requirements for external financing.
At Aurora Capital, the eligibility that businesses we work with must meet includes:
- UK-based business
- Trading for 6+ months (start-up options are available)
- Annual turnover of £100,000+
- Credit needs of £10,000-£500k
Lenders evaluate several factors when assessing your healthcare loan application:
- Affordability: Lenders need evidence demonstrating you can manage loan repayments. They typically look at:
- Cash flow: They will review the past 3-6 months of bank statements to determine if your daily cash balance can support the repayments.
- Profitability (EBITDA): They assess whether your business generates enough profit. Most lenders consider lending up to 5x your most recent EBITDA figure.
- Balance sheet: They need to ensure that your business assets exceed liabilities, demonstrating financial stability.
- Credit history: A solid business credit score and personal credit score improve your chances of approval and securing favourable interest rates.
- Collateral: Lenders consider the size of your healthcare business and the assets you can use as collateral, which can influence how much you can borrow and the interest rates you’re offered.
Aurora Capital specialises in healthcare finance. We can help you understand lender eligibility requirements and prepare essential documentation to enhance your application.
Discover how we helped a healthcare company borrow £40,000 to consolidate debt and improve cash flow in this case study.
As a healthcare business looking to secure funding, you need to understand the eligibility requirements for external financing.
At Aurora Capital, the eligibility that businesses we work with must meet includes:
- UK-based business
- Trading for 6+ months (start-up options are available)
- Annual turnover of £100,000+
- Credit needs of £10,000-£500k
Lenders evaluate several factors when assessing your healthcare loan application:
- Affordability: Lenders need evidence demonstrating you can manage loan repayments. They typically look at:
- Cash flow: They will review the past 3-6 months of bank statements to determine if your daily cash balance can support the repayments.
- Profitability (EBITDA): They assess whether your business generates enough profit. Most lenders consider lending up to 5x your most recent EBITDA figure.
- Balance sheet: They need to ensure that your business assets exceed liabilities, demonstrating financial stability.
- Credit history: A solid business credit score and personal credit score improve your chances of approval and securing favourable interest rates.
- Collateral: Lenders consider the size of your healthcare business and the assets you can use as collateral, which can influence how much you can borrow and the interest rates you’re offered.
Aurora Capital specialises in healthcare finance. We can help you understand lender eligibility requirements and prepare essential documentation to enhance your application.
Discover how we helped a healthcare company borrow £40,000 to consolidate debt and improve cash flow in this case study.
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Securing business funding:
How it works
We understand that timing is key when you’re looking to find funding options for your business,so our process is as quick and as streamlined as possible.
1
Apply Online in minutes
We cater to any sized business, so to apply for business funding, we only need you to share basic information about your company. Your application will take a few minutes, and our experts are always happy to assist with any questions you have about specific loan types or alternative finance options.
2
Get Matched in hours
Our LendTech technology will compare our trusted panel of lenders and match you with your most suitable finance option. Each business funding option is different, and we’ll help to make sure you’re fully clued up on the terms and conditions as well as indicative repayment details.
3
Get Funded in days
One of our funding specialists will discuss the available options with you and guide you through the process from application to approval. Once approved, the funds can be deposited in a matter of hours.
Prefer to talk? Call us on 01371 870815
4.9/5 based on 100+ by happy customers
Navigate our range of business
funding options to find out more
We understand that timing is key when you’re looking to find funding options for your business, so our process is as quick and as streamlined as possible.
Apply for a recovery loan to help your business employ staff
A government backed loan to support businesses affected by the pandemic.
Looking to obtain an unsecured loan for your business?
Business loans up to £500k, without the need to secure on property or assets.
Apply for a secured business loan today and get matched with a lender…
Business loans up to £2M, secured against a UK property by way of 1st or 2nd charge.
It takes minutes to apply, there’s no effect on your credit score.
Acquire new or used equipment, machinery or vehicles and spread the repayments over 1-6 years.
Compare merchant cash advances to help your business purchase stock.
Borrow up to 2x your monthly card sales and repay through a small % of your future takings.
Compare revolving credit facilities to help your business grow.
A pre agreed credit facility, allowing you to dip in and out for future funding requirements.
Spread the payments of your PAYE, VAT or Corp Tax bills.
VAT/TAX loans up to £500k for PAYE payments, quarterly VAT payments or annual Corporation tax payments
Prefer to talk? Call us on 01371 870815
4.9/5 based on 100+ by happy customers
Key benefits of working with
Aurora Capital
LendTech Technology - Access to 50+ Lenders
At Aurora Capital, we use LendTech technology which gives us access to a vast network of over 50 commercial lenders in the market. Our extensive pool of lenders ensures that we can match you with the most appropriate lender for your specific requirements, who will provide competitive terms and reasonable loan options.
Apply Online in Minutes & Get Funding in Days
We understand that businesses often need funding quickly. For this reason, we offer a fast, simplified service. Once you’ve chosen the appropriate loan for your needs, you can apply online through Aurora Capital, which only takes a few minutes. Our team will then match you with a lender and acquire the necessary funds, often in just a few days.
No Effect on Your Credit Score
Conventional loan and credit applications can damage your credit score, but with Aurora Capital, this isn’t the case. Whether your application is successful or declined, your credit score remains unaffected. This is especially advantageous for newly established businesses trying to establish a credit score, or those with a negative credit history.
LendTech Technology - Access to 50+ Lenders
At Aurora Capital, we use LendTech technology which gives us access to a vast network of over 50 commercial lenders in the market. Our extensive pool of lenders ensures that we can match you with the most appropriate lender for your specific requirements, who will provide competitive terms and reasonable loan options.
Apply Online in Minutes & Get Funding in Days
We understand that businesses often need funding quickly. For this reason, we offer a fast, simplified service. Once you’ve chosen the appropriate loan for your needs, you can apply online through Aurora Capital, which only takes a few minutes. Our team will then match you with a lender and acquire the necessary funds, often in just a few days.
No Effect on Your Credit Score
Conventional loan and credit applications can damage your credit score, but with Aurora Capital, this isn’t the case. Whether your application is successful or declined, your credit score remains unaffected. This is especially advantageous for newly established businesses trying to establish a credit score, or those with a negative credit history.
100+ Happy Customers & Counting
Healthcare business loans FAQs
Business loans for medical professionals can provide the necessary capital to help your business grow and expand.
Funding can be used to purchase new equipment, hire additional staff, expand services, or renovate facilities. Loans can also help with cash flow issues, providing the funds needed to cover expenses during slow periods.
By taking advantage of external funding, your healthcare business can invest in growth opportunities that might otherwise be out of reach.
Choosing the right funding option can be daunting, especially for medical professionals who may not have a background in finance.
However, several important factors must be considered when selecting funding. The first is the interest rate, which will determine the total cost of borrowing. Repayment terms and any fees associated with the loan should also be considered.
Additionally, medical professionals should look for lenders who specialise in healthcare financing and have experience working with businesses in the industry.
Think about how long you will need to repay the loan, what it will be used for, whether you can use collateral as security to reduce interest rates, and who might be a guarantor in the absence of collateral.
Collateral involves using business or personal assets, typically a UK property, to secure a loan. While lenders can prefer collateral to reduce risk, it isn’t always mandatory.
Unsecured business loans are ideal for smaller amounts or businesses without significant assets. They don’t require collateral but may need a personal guarantee and usually carry slightly higher interest rates.
We are a finance broker that works with over 50 lenders to provide medical and healthcare businesses with access to a wide range of funding options.
With fast and easy applications that take just minutes to complete and with no impact on credit scores, you can quickly get the funding you need to grow your business or practice.
As part of our fast application process, offer decisions are made in days, and funds can be available in less than a week. With expertise in healthcare financing and a commitment to exceptional customer service, we are a trusted partner for medical businesses looking to achieve their growth goals.
