ADVERTORIAL
FUNDING YOUR PROFESSIONAL DREAMS THE EASY WAY Have you got your eye on new work benches, a top-of-the-line 3D printer or even industrial milling equipment but are worried about how to fund your professional dreams? Well, you need look no further, writes Richard Porter.
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These are uniquely challenging times – there’s no getting away from it – but for those of us in dentistry, it is not all gloom and doom. Whilst, of course, Covid-19 in itself was unexpected, an unanticipated outcome of the work from home culture is the ‘Zoom boom’ desire for cosmetic dentistry. This, naturally, requires technical work to be completed and so dental labs are in high demand. You may now be wondering, how can you meet that kind of demand should new equipment or any other kind of large investment be prudent, without affecting your cash flow or your stress levels? The good news is that we have the answer in the form of equipment finance and business loans. For example, to date, award-winning dental finance broker, WestWon, has supported dental lab professionals with over £3.2m of finance in 2022, which certainly means we are one of the leading dedicated finance brokers servicing your sector. Don’t just take my word for it – here is what lab owner, Phil Reddington, who wanted a new milling unit, had to say about working with WestWon: ‘Richard organised everything, provided the necessary funding to purchase the new milling equipment and organised our funding within 24 hours. It has been one of the simplest and easiest processes I have ever experienced.’
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A dedicated service
So, what are the options for dental labs looking to make a significant purchase? One possible solution is equipment finance or a capital loan, both of which offer several benefits in addition to maintaining cash flow, for example: ● Alternative lines of funding - you do not need to use up a bank facility, e.g. overdrafts. ● VAT consideration - on VAT funded agreements, the VAT is included in the rental, not in a lump sum.
● Pay
for the equipment as you use it - companies pay employees over time as they work, so why pay all the cost for equipment in advance? ● The latest equipment - always have the latest dental technology at your disposal by implementing a recycling strategy, whereby you replace equipment at the end of the lease term, e.g. IT. ● As demand grows for your services, you can invest in the equipment to align with the demand, and having a fixed monthly repayment ensures you have a clear return on investment.
www.dentaltechnician.org.uk 06/07/2022 20:36
