There is more to an equipment purchase than just finance

This article is sponsored content brought to you by BOQ Specialist.

financing veterinary equipment

With the ever-increasing demands on veterinary professionals to run practices more efficiently, the productivity of both staff and equipment is a serious issue. Equipment often requires a large outlay, affecting both business cash flow and debt, so the last thing you want is unproductive assets. Even worse is equipment still in use well after its used by date, which has a negative impact on productivity and the team. Many of our consultants have years of experience with the veterinary industry and have a deep understanding of your niche needs and career trajectory. For example, after a vet hits the 10-year mark practicing they are often looking for their next challenge and, for example, may consider moving into owning their own practice or specialising in more complex procedures. We anticipate and facilitate such moves, which in turn require investment in further equipment.

By taking this long-term view of your career development, BOQ Specialist remains one step ahead, helping you ensure that your equipment purchases and leases complement the growth in your business and experience.

BOQ Specialist is an expert tools of the trade lender committed to the ongoing process of assessing and modernising your equipment. A large volume of BOQ Specialist’s commercial clients’ finance is for specialist veterinary equipment, and it is through everyday conversations with you and your equipment suppliers that BOQ Specialist stays ahead of the ever-changing technology and innovations in your profession.

While it’s important that you choose the right assets and equipment, it’s equally important that you are guided towards the right kind of financing.

When it comes to deciding whether a loan, lease, chattel mortgage or commercial hire-purchase is best, we work closely with your financial advisers and accountants to tailor an arrangement which fits with your tax structure. As part of our distinctive service BOQ Specialist also conducts a cash flow projection, considering factors such as how many patients need to be seen over the life of an asset to ensure it is profitable.

To understand financing options and to enable practitioners to make an informed decision, speak to a professional in the industry with experience in providing finance for healthcare professionals. BOQ Specialist has over 25 years’ experience working with dentists and understands your specific needs.

For further information on lending products, contact one of our financial specialists today on 1300 131 141 or visit our website at www.boqspecialist.com.au


Disclaimer

Products and services are provided by BOQ Specialist – a division of Bank of Queensland Limited ABN 32 009 656 740 AFSL and Australian credit licence No. 244616. All finance is subject to our credit assessment criteria. Terms and conditions, fees and charges and eligibility criteria apply. 

Vet Practice magazine and its associated website is published by Engage Media. All material is protected by copyright and may not be reproduced in any form without prior written permission. Explore how our content marketing agency can help grow your business at Engage Content or at YourBlogPosts.com.

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