This article is sponsored content brought to you by BOQ Specialist.
With the ever-increasing demands on dental 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 use-by date, which has a negative impact on productivity and the team.
Many of our consultants have years of experience with the dental industry and have a deep understanding of your niche needs and career trajectory. For example, after a dentist 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. Many of BOQ Specialist’s commercial clients’ finance is for specialist dental equipment, and it is through everyday conversations with you and your equipment suppliers that BOQ Specialist stays ahead of the 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 30 years’ experience working with dentists and understands your specific needs.
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.