Practice purchase loans

Use goodwill to purchase the practice you’ve always wanted

Do you dream of owning your own private practice? Or a share of an existing practice? Our extensive experience in lending to doctors, dentists and vets means that we understand the value of your profession and are able to lend against the practice’s goodwill and equipment, rather than your home.

We can lend up to 100% of the amount you need to buy an existing practice without requiring you to use your home or other property as security. We can also lend up to 100% of the amount you need to buy into an existing partnership or increase your share in a practice. Existing partners can remain unaffected as we only take security interest over your share of the partnership.

  

Our goodwill and practice purchase loan features:

  • Borrow up to 100% of the purchase price of an existing practice, or a share in a partnership (subject to credit approval)
  • Secure against goodwill and equipment, rather than against your home or other property
  • Choose a flexible loan structure and repayment terms to suit your cash flow needs
  • Redraw on your existing goodwill equity and tangible assets for personal or business related needs
  • Benefit from our competitive fixed and variable rate options
  • Access to a range of products to help you with other costs related to practice purchases, such as legal fees, conveyancing and stamp duty


 

  • Important Information

      Any information is of a general nature only. We have not taken into account your objectives, financial situation, or needs when preparing it. Before acting on this information you should consider if it is appropriate for your situation. BOQ Specialist is not offering financial, tax or legal advice. You should obtain independent financial, tax and legal advice as appropriate.

      The issuer and credit provider of these products and services is BOQ Specialist. Terms and conditions, fees and charges and lending and eligibility criteria apply. You should obtain and consider the product terms and conditions before making any decision about whether to acquire the products. We reserve the right to cease offering these products at any time without notice.