Finance

Starting Your Finance Journey

• You provide a detailed list of assets & liabilities and personal expenditure
• We provide you an upper lending limit
• You or we source a practice and provide us with the financials
• We structure a deal and tender to the banks with tailored lending options and secure the finance

Starting Your Finance Journey

Making such a huge financial commitment to buy a practice can be a daunting experience, especially if you have never owned your own business before or have borrowed / procured funds from a family member to fund your first foray into General Practice Ownership. EliteGP through Medical Elite now incorporates DE Finance; our General Practice Finance division which is operated independently of the core practice sales division. DE Finance focus on negotiating general practice finance for buyers seeking to acquire a medical practice not only on practices we are selling but also on practices you may find directly or through other agents.

As every practice and loan proposal is individual it is very difficult to provide any buyer with cast iron budget especially with medical practices now often wanting to realise their assets with goodwill premiums which more often than not require a higher cash contribution than if a practice sold for just the marketing price. However, when a buyer first makes contact with DE Practice Finance we ask you to complete an Initial Finance Assessment Form which you can obtain through your consultant once you have registered. This will enable us to give you an indicative idea of the kind of practices you can consider viewing and bidding on.

When you shortlist a practice, you can make contact with DE Finance as often as you wish and our team will conduct an affordability test on the target so you can bid with confidence. Furthermore, we will provide you written confirmation of the viability of your bid provided you are bidding within the constraints of the affordability check.

When your offer is accepted, the real work begins. We will populate a profile for circulation amongst all the lenders that we know would consider your proposal and we work a competitive tender process to ensure we come back to you with the best deal on the market, providing you with a full comparison of all the indicative terms provided.

• Instant Indication of Upper Ending Limit
• Detailed Anaylsis of Cost of Lend
• Tailored Application For Each Bank
• We Will Source The Best Interest Rate
• We Will Refinance Your Existing Portfolio For Equity Release
• On 90% of deals you pay nothing