Finance: Paying for growth

Improving your practice’s eye care offering through technology such as optical coherence tomography (OCT) or ultra widefield devices can help to gain new patients and retain your existing ones while advertising your practice as forward thinking. However, many practices’ revenues are being negatively affected by the coronavirus lockdown and major purchases can appear out of reach due to the high cost. Finance companies can help with this by providing options for leasing, loaning or hire purchase, allowing practices to spread out the cost while immediately reaping the benefits of utilising new technology.

Braemar Finance has 25 years of experience within the optical sector and provides funding options that include hire purchase, finance lease and loans. ‘We can arrange funding from as little as £1k upwards with repayments terms of up to seven years,’ explains Braemar Finance’s sales director, David Angus. ‘Entry level OCT machines can start at around £25k and reach upwards of £50k for high-end units, and we often find that when a practice is acquiring new equipment they use this as an opportunity to replace and upgrade other assets, all of which we can look to support with finance facilities.’