Dental practice upgrading two surgery chairs

The situation

An established four-surgery dental practice needed to replace two ageing chairs and associated delivery units. The principal wanted to avoid drawing on the practice overdraft, which was reserved for working capital, and wanted the deduction position confirmed before committing. Total cost including installation and commissioning came to $132,000 across two suppliers, and the practice wanted both chairs replaced during a single quiet fortnight so patient bookings were disrupted once rather than twice.

What we did

We used a lender with a dedicated practice programme, which assessed the practice on profession-specific policy rather than generic business credit criteria. That meant a lighter document pack than a standard commercial application. We coordinated the two supplier invoices under one facility, structured the term against the equipment's expected working life, and referred the deduction and depreciation questions to the practice's accountant before documents were issued.

The outcome

Settled as a chattel mortgage over 60 months with no deposit and no balloon, so the practice owns the chairs outright at term end. Both suppliers were paid directly on installation sign-off. The overdraft was left untouched and fully available for working capital, which was the principal's main objective. The practice has since used the same facility structure for an imaging upgrade, with the accountant confirming the depreciation position before each purchase.