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Professional practices have predictable revenue and lenders compete for them, which makes financing more accessible here than in most business categories.
| Imaging and diagnostic systems | High value, long useful life. Suits financing. |
| Dental chairs and CAD/CAM | Chairs hold value; CAD/CAM technology dates faster. |
| Sterilization equipment | Long life, straightforward to finance. |
| Practice management technology | Short cycle. Leasing often makes more sense. |
Devices must be licensed under the Medical Devices Regulations, and the licence class affects both what can be sold and what a lender will finance. A device without a valid Health Canada licence is difficult to remarket, which makes it weak security.
Verify the device licence before financing rather than after. It is a public register.
Diagnostic imaging, laboratory analysers and anything software-dependent dates faster than its mechanical life suggests. A ten-year-old analyser may work perfectly and have limited resale value because the software is unsupported.
That is the case for an operating lease rather than a loan. Lower payment, and the obsolescence risk sits with the lessor rather than with you. For equipment you expect to replace on a technology cycle rather than a wear cycle, this is usually the better structure.
Equipment with a long mechanical life and stable technology finances better as a loan.
The purchase price is frequently the smaller part of the cost of ownership.
Service contracts on imaging and laboratory equipment are substantial annual costs and are effectively mandatory for uptime.
Consumables and reagents are sometimes tied to the manufacturer, and the equipment can be priced low against a long consumables commitment. Model the total cost across the equipment's life, not the acquisition cost.
Some lenders will bundle the service contract into the financing. Worth asking.
Yes, though a new practice faces more restrictive terms. Professional credentials carry weight where operating history is short.
Technology-dependent equipment usually leases better, because obsolescence risk sits with the lessor. Long-life mechanical equipment usually buys better.
Yes, and lenders check. An unlicensed device is difficult to remarket and therefore weak security.
Some lenders bundle them. Worth asking, since the service cost across the life is substantial.
