FAQs

All types of assets needed in oral treatment and health sector may be acquired with commercial credit. This may include drilling and treatment tools and machines, scanners and imaging machines, treatment chairs and beds, and many other items.

Where considered an asset suitable for secured finance, IT purchases may be financed with Lease, Chattel Mortgage, CHP or Rent-to-Own. Where the IT is software and not considered suitable collateral, a business loan may be used for the purchase.

Interest rates vary with credit products, lenders and the profile of the business. For a specific rate, businesses should request a quote.

Dental practice assets may be financed with Chattel Mortgage, Lease, Rent-to-Own and CHP.

Yes. Diagnostic machines would typically be considered a business asset and financed with commercial financing products.

Loan repayments on Lease and Rent-to-Own loans are a tax deduction. The interest on Chattel Mortgage and CHP is deductible. CHP and Chattel Mortgage have deductions when the dental equipment is depreciated.

Self-employed dental health providers with an ABN can be eligible for commercial credit.

Business asset finance is generally secured with a fixed rate of interest. This fixed rate remains unchanged through the full period of the repayment term.

Yes. Furniture, fixtures and fittings which are considered as a business asset, may be financed with the range of asset acquisition credit facilities.

Asset acquisition credit products allow for the asset being financed to be the collateral for the loan. Many businesses will not be required to offer additional security. This is subject to the guidelines used by individual lenders and their assessment of the application.