Medical Loans
Asset & Equipment Loans
Medical Asset & Equipment Loan
Grow Your Practice With The Right Asset Finance
Are you ready to take your practice to the next level? Need new equipment, machinery or vehicles to help you grow your practice?
We understand that each practice has unique circumstances, so we offer a range of financing options that are easy to understand, are flexible and provide you with options that take current plans into account. We help you finance everything from small dental hand tools to large MRIs for a vet practice, new or used equipment, computers and office furniture. Together, we look at the medical equipment you need and create a healthy repayment schedule for your budget.
This is why at Monetta Financial Services, we work with over 40 lenders to find you your ideal asset and equipment loan.
How we can help you?
Some Medical Asset & Equipment Loan Options Available For Your Practice
Chattel Mortgage
Chattel mortgages are a popular finance solution for many. A chattel mortgage is where you own the asset from the outset, and the asset secures your loan agreement. A chattel mortgage also allows you to tailor your loan payments by choosing the term — typically up to five years.
Novated Lease
Are you looking to include a vehicle in your salary packages? Then, a novated lease could be the solution. A novated lease means the financer will own the asset, while a business owner and employee sign a novation agreement to share the responsibilities of the loan.
Commercial Hire
Commercial hire is another popular option for businesses as it allows you to hire and use the asset until the last payment. Once the final instalment is paid, the asset’s title is transferred to you. You can tailor payment options, including the loan period and the final balloon payment.
Each loan type has different pros and cons as well as tax implications
That means you don’t just have to compare lenders and their different eligibility requirements. You also have to get your head around the various product types and what will work best with your business’s unique circumstances, tax needs and bottom line.