Medical Equipment Finance that delivers for you

From new medical equipment finance to full practice fit out we have you covered

Simple Finance for Complex Medical Equipment

Balancing clinical outcomes and growth ambitions with ROI and commercial metrics can feel like a hard call. MedX Finance will work with you to make it simpler. We’ll ask the right questions of you, the medcial equipment provider and the lenders to make sure we deliver the right financial solution so everybody wins.

Medical Equipment Finance - Product Detail

Whether considering the purchase of one item, an entire medical equipment package for your practice or additional /replacement equipment, there are some critical considerations to ensure the financial solution you choose is optimal.    

We will work with you, the equipment provider, lenders and your accountant to make sure we have considered every option before presenting the right medical equipment finance solution to you. We will ensure we balance loan terms, residual payments and structures to maximise the outcome in your favour. 

Equipment Purchase Benefits

  • Practitioners can acquire both new and used medical equipment from time to time. Of course, when it comes to purchasing a practice the medical equipment is generally used, so funding new, used or a mixture of both is common and the team at MedX can work to find you the right solution quickly for your purchase needs.

  • Matching the right medical equipment loan product to the asset being financed is critical in ensuring you get the right solution for both your business and tax outcomes.

    Different loan products allow for different tax deductions, and at MedX Finance our specialists will work with you, your accountant and a range of lenders to ensure we secure the right products for you and your business

  • Technology improvements and updates can sometimes accelerate the practical useful life of equipment

    Securing the right financial product over the right loan term can offer you the flexibility to capitalise on depreciation rules

    Our specialists at MedX will help you find the right financial product, work with you and your accountant to find the right loan term and ensure that you get the most out of every purchase

  • At MedX Finance, we hold and maintain accreditations and long-standing relationships with multitude lenders including Banks and Non-Bank institutions.

    This means we can provide you with a range of unbiased mortgage options to choose from as opposed to one lender only providing their product options.

    Our specialists will also add value by working with your trusted advisors to find you the most tax effective and cost-effective solutions.

  • Our strong relationships with lenders flow through to you, our clients in the form of discounted rates and priority service across all product ranges. Speak with our specialists to see how much you can save.

Customer Feedback

  • Dr Frank Barbagallo, GP

    Trevor Knowles has supported my debt funding needs since I first started my medical businesses our relationship now being in its 20th year. From financing a medical office fit-out, extensive IT equipment, car finance or mortgage lending ( residential, investment and commercial), Trevor has arranged it all. My projects with Trevor included the refinance of complex Family Trust and SMSF structures, fund a medical clinic building development and expensive medical capital equipment installations.

  • Dr Daniel Massih, Dentist

    I’m really grateful for the services provided by Michael and Rachael over the years. Friendly and professional, and easy to reach out to. I know I am in great hands dealing with Medx Finance and have recommended them to all my colleagues

  • Dr Eugene Ng, Radiologist

    Michael knows his stuff! He is friendly, reliable, very obliging and always answers calls promptly. The people whom I have referred on to Michael have all had positive experiences and are very happy with his service, knowledge and integrity.

  • Girish Basavaraj, Dentist

    I have had the pleasure of knowing Todd O'Reilly for over 15 years, and I can confidently say that he is the go-to person for all your financial needs. Whether it's personal loans, business loans, car loans, or SMSF loans, Todd is the expert you can trust

  • Dr Vivien Lee, Assistant Surgeon

    Michael has been assisting me with my banking needs since 2005. He is an outstanding professional - efficient, thorough, obliging, discreet and most importantly ethical. He explains industry specific jargon in simple but practical terms, and at the same time treating customers with respect. He consistently delivers despite tight timelines outside his control

  • Dr Sam Snelling, Veterinary Specialist Surgeon

    Without doubt, our business only exists today because of Trevor's effort to understand how our profession operates. Since our initial fitout, Trevor has helped grow our practiceand finance several major upgrades in equipment, as well as organising our family lending. For everysingle investment our business or family makes, the first call is always to Trevor.

  • Professor Mark Umstad, Obstetrician and Gynaecologist

    Trevor Knowles has been known to me professionally for over 15 years. I have found him to be professional, efficient and approachable at all times. He can be trusted to handle medical finance issues with honesty and integrity. He has an understanding that medical professionals are busy individuals and he manages to provide a professional service in a timely manner.

  • Dr Wendy Marshman, Ophthalmologist

    I have had the privilege of knowing Trevor for nearly 20 years . He has helped me procure finance for both my business and personal purchases and in all areas and transactions he has been honest, insightful and extremely helpful . All interactions have made me feel that he is personally committed to achieving the best outcome for myself, thus making the whole process virtually stress free. I could not recommend Trevor more highly.

  • Dr Joe Juric, Dentist

    Trevor has been assisting me in the financing of my dental practice now for over 10 years. During this time he has shown an understanding of the various financial needs of a practice in its different stages of growth. In my direct dealings with him and also those of my financial team, he has been responsive, diligent, innovative, efficient, and a pleasure to do business with.

  • Assoc Prof Richard Vojlay, Optometrist

    I have had the pleasure of being associated with Trevor for more than 20 years. Over that period he has assisted in arranging finance for two consulting room fit outs, including a retinal camera, Topcon OCT, 2 slit lamp cameras, a Medmont topographer and 3 vehicles. More recently guided me through the financing for a complete refit of the practice including an extra consulting room and dispensary. This required a significant loan and Trevor was able to structure the facility to minimise any cash flow issues. I highly recommend his services.

  • Dr P Lattouf, Dentist

    When searching for loan you need someone you can trust. Michael and his team are second to none. Honest, Prompt and Professional. For 15 years there has NEVER been a breakdown in communication nor a refusal for a loan application. He has made all processes very smooth and I couldn’t be happier to recommend his services to anyone

FAQs

  • You should consider the useful life of the medical equipment and the tax deductions that differ across the various finance products.

  • Yes, it is common that clients purchase medical equipment from multiple suppliers and wrap them into one loan. The invoices are collated to arrive at the amount financed.

  • Depending on the loan term, a balloon may be appropriate and help reduce repayments assuming the value of the asset at end of loan term is not less than the proposed balloon amount.

  • Generally, lenders will consider reimbursing clients within 12 months of the medical equipment purchase as acceptable.

  • Medical Equipment loan terms are generally matched to the useful life of the equipment. Loan terms longer than useful life can lead to negative equity.

Our Solutions

  • Practice Finance

    Starting, buying, or purchasing a share in a practice are all potential pathways to fulfilling ambitions. However, they all have unique financial nuances that warrant specialist advice to take full advantage of the opportunity. MedX Finance will work with you to make sure securing finance does not hinder your momentum but rather compliments your ambition.

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  • Home Loans

    Fixed Rate, Variable, Offsets, Redraw, Investments, Cash Backs, discounts, tax effective…there's a lot to get right to make home loans work for you. But with decades of experience and an unbiased approach we will find the solution that's right for you.

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  • Car Finance

    Leases, Novated Leases, Chattel mortgages, balloon payments, car value and so much more can make a big difference when it comes to making sure your car is more than the drive of a lifetime. Here at MedX Finance our experts will work with you to structure a solution to suit you in the short and long term.

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  • Commercial Loans

    Multiple loan structures, strict underwriting criteria and risk assessments can make finding and securing the right commercial loan complex. Our specialists will help navigate the complexity and ensure a solve for your specific needs.

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