SME Finance (the funding of small and medium-sized enterprises) is a great way to grow your business further. Here at WestWon Dental we have helped many UK dental practices with finance. Our mission is to help SMEs with all forms of dental finance such as business loans, vehicle leasing and of course, dental equipment and surgery/practice finance. If you would like more information on how we can help with SME finance in Dentistry, then please read on…
Why do SMEs in Dentistry use finance?
There are a number of reasons why SMEs use finance. However, the ones below are what we consider to be the most beneficial to businesses across the UK. If you have any questions about the benefits below, please don’t hesitate to get in touch. Our contact details can be found below.
Cash flow benefits
This is one of the prime reasons why companies organise a finance agreement. Cash flow in your business is so important because of the freedom it allows. You will have more cash to use in other areas of your business. By using fixed monthly payments too, the finance allows you to disperse the amount over a 1–7-year period. This term can therefore differ depending on the asset.
Budgeting made easy
As mentioned above, we offer you payment methods in the form of fixed monthly payments. This means will always know what is coming out of your bank account, and when. This will make it easier to plan your cash flow forecast, whilst also allowing you to line up other payments separately in the month.
In terms of tax advantages your repayments are fully deductible against your businesses’ corporation tax bill. This is also something you finance through us here at WestWon Dental!
Alternative line of credit
By using WestWon Dental it opens another line of credit. This means you won’t have to use an existing bank facility. This means you can keep your existing lines of credit in place to use for other areas or projects in the business.
It also allows you to remain competitive. Finance means you can always access the newest products. For example, you can access the latest imaging equipment by paying for it using a recycling strategy. It makes it more affordable for you by not paying outright and in full.