Could you get better terms on your existing loans?
We tend to review our car and house insurance costs on a regular basis, but seldom look at the costs of our borrowing.
What may have been an excellent deal at the beginning may now be looking a little expensive!
Different lenders charge different interest rates, rates change independently of lenders, payment schedules can be changed – there is a lot that can be renegotiated when it comes to your existing loans.
What you are paying right now may not be the best option out there for your business.
Nigel successfully renegotiated our 2 practice loans. It was a hassle-free process, that resulted in a better interest rate. I will happily use Samera’s commercial finance service again.
Five stars
Refinancing with Samera
We will review your existing lending commitments, absolutely free. We will be able to let you know very quickly if the agreement you have is good in today’s market or whether we think it can be improved via refinancing.
Our team know the UK dental finance industry inside and out – if there’s a better deal out there for you, our team will find it.
We can then discuss the costs of sourcing a new and better finance agreement to assist your cash flow.
Click here to read our article on how to finance a healthcare business.
Case Studies
The Problem:
Several lenders will only lend for a certain number of years (commitment period) rather than for the full term of the loan. Whilst initially this can be attractive to a borrower, this does mean that when you are busy running your practice you must renegotiate the loan.
A client who we had worked with 5 years before came to us to discuss their commitment period ending and how to move forward with renewing this.
The Solution:
Having established how the business was now performing, we approached their present lender and several others to see what could be offered.
Several lenders were keen to get involved, but the original lender came up with an excellent deal which saved the client the costs of moving the security. We worked with the client and the bank in getting the new agreement allowing the client to concentrate on their business.
The Result:
The new loan is now in place for the full 20-year term. Lenders, when approached by brokers, are well aware that we are able to provide the same deal to several lenders and obtain offers that can then be compared by the client. This competition often helps us in negotiating better rates and terms.
Dan worked very hard to help us complete our arrangements. We presented him with several issues that he managed to find a solution to every time and always gave us the best way possible. Always professional, efficient and helpful in our dealings with him.
Five Stars
Commercial Loans for Healthcare Businesses
We’ve been helping to fund the future of British healthcare businesses for over 20 years and our team are made up of former bankers with decades of experience in the UK’s healthcare lending sector.
You can find out more about working with Samera and the financial services we offer by booking a free consultation with one of the Samera team at a time that suits you (including evenings) or by reading more about our financial services at the links below.
For more information on raising finance for your healthcare business, including more articles, videos and webinars check out our Learning Centre here, full of articles and webinars like our How to Guide on Financing a Dental Practice.
For all our previous webinars and video updates, subscribe to our YouTube channel and follow us on Facebook and Instagram.
