Features

Medical equipment finance can help you out when you’re looking to upgrade or order additional medical equipment for your practice. The financed equipment acts as the lending security, which frees up existing equity for other purposes.

Finance is available for most of your equipment requirements, including:

  • CT Scanners
  • MRIs
  • Ultrasound equipment
  • Nuclear medicine PET
  • X-ray equipment
  • Cardio-vascular/cath labs and other general medical equipment and accessories
  • Computers, servers and laptops.

 

What are the benefits for your business?

  • 24-hour turnaround from application to funding is available
  • Existing customers can be conditionally approved for credit limits
  • Apply through a streamlined application process with easy-to-understand documents.
  • No deposit required
  • Finance up to 100% of the purchase price
  • Spread your repayments over the equipment’s effective life.
  • Access detailed information online about your equipment such as the location, age and costs.
  • Access the technology you need without the costs or responsibilities of ownership
  • Use up-to-date technology with an agreement that matches the effective life of the equipment, with the flexibility to upgrade
  • Your equipment supplier’s invoice will be paid within 1 business day of receiving your completed paperwork.
  • A business banker can support you with your business and personal financing needs.

Partner with equigroup

After a successful 10 year alliance with IT and medical equipment finance specialists equigroup, CommBank secured a 50% shareholding in the business to provide more opportunities for our customers looking for IT and medical finance.

The services provided through equigroup include asset management and residual value investment for the financing of most technology and medical equipment.

With operations in Australia, New Zealand, the United Kingdom and Europe, CommBank and equigroup are well placed to help your business acquire the technology and medical assets it needs.

Case Study

Envision Medical Imaging

A new radiology practice in Perth, Envision Medical Imaging, was able to ‘go live’ in a short space of time with fast approvals and a tailored solution for all its equipment financing needs.

  • At the time, Envision Medical Imaging was a new partnership founded by 3 of Perth’s leading radiology and cardiology specialists.
  • The business was urgently looking for medical equipment finance ranging from diagnostic imaging machines to IT infrastructure and software for their new radiology practice. 
  • Approval of a range of banking facilities within 10 business days
  • Finance solutions that matched each the expected effective life of each unit of equipment
  • Mitigation of the risk of their high-end equipment becoming obsolete
  • A relationship with a team who understood the unique banking needs of the radiology industry.
  • Understand Envision’s equipment finance needs, cash flow forecasts and valuations to ensure a fast approval process
  • Help them choose the most suitable finance by considering their needs and industry knowledge and presenting a range of relevant options. 
  • Finance was approved within the given timelines to meet their targeted go-live date
  • Equity was freed up through a progress payment arrangement
  • We mitigated a key concern of high-end equipment being obsolete through a 4-5 year operating lease agreement.
  • Envision achieved its leading-edge technology strategy and cash flow savings with a master rental lease facility at a competitive rate.

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