Chattel mortgage
You own the equipment from day one. It suits items with a long working life, such as dental chairs and treatment tables.
Medical equipment finance
Medical Equipment Finance for Clinics and Practices
When a steriliser fails or a new service needs new technology, medical equipment finance keeps patients booked and your practice cash flow intact.
Keep patients booked
When clinic equipment can't wait
A practice runs on its equipment. When an autoclave fails, every procedure that needs sterilised instruments stops. When an ultrasound machine dies, the day's bookings have to be moved or referred elsewhere. And when a new partner joins and wants to offer a service you don't currently provide, the equipment is the first thing that has to be sorted.
Medical equipment finance lets practices buy or replace that gear without putting a large dent in working capital. The equipment secures the finance, and because healthcare businesses tend to have steady, predictable income, lenders are generally comfortable with them. That combination helps applications move quickly, even for larger or more specialised items that might give a lender pause in another industry.
Loanster works with GPs, dentists, physiotherapists, optometrists, vets, specialists and allied health providers. Tell us what you need, what it costs and when it has to be in the room. A real person reviews it and works towards apply today, cashed up tomorrow, so the next patient isn't turned away.
Medical equipment finance is a loan or lease that funds clinical gear such as imaging machines, dental chairs, sterilisers, lasers, diagnostic equipment and practice technology, usually secured against the equipment. GPs, dentists, specialists, vets and allied health providers use it to preserve cash flow. With the tax invoice, ID and bank statements ready, next-business-day settlement is possible for straightforward applications.
Choosing a structure
Own it, lease it or rent it?
The right choice often depends on how fast the technology moves.
Finance lease
The lender owns the equipment during the term, with the option to pay a residual and keep it at the end.
Rental or operating lease
Suits technology that dates quickly, such as imaging or lasers, since you can upgrade at the end of the term.
What medical equipment can be financed?
Most equipment used to treat patients or run a practice can be financed, from a single piece of diagnostic gear to a full surgery fit-out. Lenders are comfortable with recognised medical and dental brands bought through established suppliers.
If you're also renovating rooms, adding cabinetry or reworking plumbing for a new surgery, those costs can be funded separately. See fit-out loans for how that works.
- Ultrasound, X-ray, OPG and other imaging
- Dental chairs, handpieces and intraoral scanners
- Autoclaves and sterilisation equipment
- Cosmetic and surgical lasers
- Optometry and diagnostic equipment
- Practice software, computers and servers
How fast can a practice get medical equipment finance?
When the paperwork is ready, approval can move fast. A supplier tax invoice or quote, ID for the practice owners, and recent business bank statements form the core of a quick file. On a straightforward deal, next-business-day settlement is possible.
Imported or specialised equipment may need a little longer, especially if the supplier wants a deposit before shipping. In that case, ask the supplier for their payment schedule so the finance can be set up to match. If you need a broader view of practice funding, our medical practice loans page covers working capital and expansion.
Can a new practice get equipment finance?
Yes. Lenders often look favourably on healthcare professionals starting out, because qualifications and registration point to a reliable future income. Some will finance equipment for a new practice with limited trading history, provided the practitioners can show their experience.
Expect to provide your professional registration, a business plan or projected bookings, and personal financial details. A deposit can help, but it isn't always required.
Apply today… cashed up tomorrow!
Need the gear on site this week?
Start the 60-second enquiry now. When your documents are ready and the deal is straightforward, being cashed up as soon as tomorrow is possible for eligible applicants.
Our steriliser failed this morning. What now?
First, protect the day: borrow capacity from a nearby practice if you can, or reschedule procedures that need sterilised instruments. Then call your supplier for a written quote on a replacement and confirm how quickly they can deliver and commission it.
With that quote, ID and recent bank statements in hand, approval can move fast and next-business-day settlement is possible. If the supplier needs paying before the lender can settle, short-term urgent cash flow funding may bridge the gap. Our urgent equipment finance page covers other emergency scenarios.
Is it better to lease imaging equipment?
Often, yes. Imaging and laser technology can date within a few years, so a lease or rental that lets you upgrade at the end of the term may serve you better than owning an ageing machine outright.
On the other hand, equipment with a long working life, such as treatment chairs or sterilisers, can make more sense to own. Our lease vs loan comparison breaks down the trade-offs, and your accountant can advise on the tax side.
Does GST apply to medical equipment finance?
A practice's GST position depends on the services it provides and how it bills, which affects whether and how it can claim GST credits on equipment. That makes the choice of finance structure worth thinking through carefully.
Because every practice's GST position is different, speak to your accountant before choosing between a chattel mortgage and a lease. They can tell you which structure suits your billing mix.
Start your medical equipment enquiry
Our enquiry takes about 60 seconds, with no credit check at that first step and no scattering your details across dozens of lenders. A real person reviews your practice's situation and comes back with a practical option.
Please complete the form accurately so we can match you first time. Subject to lender approval, your new equipment could be paid for as soon as tomorrow. Start your enquiry here.
Trust and process
Clear, secure finance enquiries
Loanster keeps the enquiry process straightforward: no credit check to enquire, a real person looks at your situation, and your details are not sprayed out to a pile of lenders.
Secure online enquiry
Personal details are submitted through a secure form and are not sent through URL query strings.
Australian business context
Enquiries can include ABN, BAS, ATO, bank statement and asset details where relevant.
Lender criteria apply
Approval, pricing, loan amounts and funding times depend on lender assessment.
Clear next steps
Loanster helps identify what information may be needed before a lender can make a decision.
Common questions
Medical Equipment Finance for Clinics and Practices FAQs
Can I finance used medical equipment?
Yes, particularly from established suppliers who refurbish and certify equipment. Lenders may ask for serial numbers and proof of service history.
Can I finance a whole surgery fit-out?
Equipment can be financed as one package, and building works such as cabinetry or plumbing can be funded separately with a fit-out loan.
Do vets qualify for medical equipment finance?
Yes. Veterinary practices finance imaging, surgical and diagnostic equipment in the same way as human health practices.
Can I finance equipment for a home-based practice?
Often, yes, provided the practice is run as a business with an ABN and the equipment is used to earn income.
What happens if equipment becomes outdated during the lease?
Depending on the contract, you may be able to upgrade before the end of the term or at the end. Check the upgrade terms before signing.
Can I finance practice software and IT?
Yes. Computers, servers and some software can be financed. See our IT equipment finance page for more on technology purchases.
Related finance options
Explore connected Loanster pages
Medical Practice Loans for Clinics, Dentists and Allied Health
Buying into a practice, fitting out a new clinic or replacing a key machine. Fast finance for health professionals who would rather be seeing patients.
Fit Out Loans for Australian Businesses
Explore finance for shop, office, clinic, hospitality or commercial fit outs, subject to lender approval and project details.
Equipment Lease vs Loan: Which Suits Your Business?
Own it, lease it or rent it? The answer shapes your cash flow, your balance sheet and what happens when the gear gets old.
IT Equipment Finance for Growing Australian Businesses
Server crashed, new staff starting Monday, or a ransomware scare forcing an upgrade? Finance the tech now and spread the cost over its working life.
All equipment loan options
See every equipment loan page on Loanster in one place.
Start your enquiry
See what you may qualify for
Tell Loanster what kind of finance you are looking for and the team will guide you through the next step. Please fill in the form accurately so we can match you first time. Finance is subject to lender approval, eligibility criteria, terms and conditions.
Prefer to talk? Call 03 9999 7370.
Last reviewed: 24 October 2026
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