How optical practices finance investments

Zoe Wickens looks at how optical businesses can fund investments for their practices

Whether at the start of a venture or during difficult times, businesses may need to look into external finance or funding to ensure stability. Optical practices have a wealth of options for investments from many companies.

Richard Mitchell from Rangewell, says that it offers different forms of asset finance to purchase equipment. ‘We offer optical practices hire purchase, which lets you acquire an asset right away and spread the costs in instalments over an agreed time, often up to five years. We also offer leasing, which works much like a rental agreement and lets you use the equipment you need without having to buy it outright. If you are using a technical piece of equipment which could go out of date, a leasing agreement can be ideal, as it can be easy to update it when a better model becomes available.’

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